Ferrari 488
The 488 marks Ferrari's pivotal shift to twin-turbocharging for its mid-engine V8s, delivering a massive performance jump over the naturally aspirated 458. It's a modern benchmark whose lineage was perfected by the extreme, track-focused 488 Pista.
Find one with Spotter →Ferrari 488 sold for a median of $347,001 over the last 12 months, based on 96 auction sales; the middle 50% sold between $223,481 and $701,550. 1,119 currently for sale.
Ferrari 488 Submodels
The Ferrari 488 GTB and Spider marked a major shift for Ferrari's mid-engine V8 line. Introduced in 2015, it replaced the naturally aspirated 458 Italia with a new 3.9-liter twin-turbocharged V8. This engine produced 661 hp, a significant jump over its predecessor, and delivered staggering performance with minimal turbo lag. The lineup was later joined by the track-focused 488 Pista and Pista Spider, which boosted power to 710 hp and incorporated extensive aerodynamic and lightweight components derived from Ferrari's racing programs.
Collectors are drawn to the 488 for its blend of modern technology and raw driving feel. It's the last mid-engine V8 designed under Sergio Marchionne and represents a high point for Ferrari's turbocharging efforts before the introduction of hybrid systems. The Pista variants are the most desirable, valued for their limited production numbers, extreme performance, and direct lineage to the 488 GTE and Challenge race cars. They offer an intensity that few other road cars can match.
The market for the 488 is mature and active, with an average sale price around $300,000 across 177 transactions. While early GTB and Spider models have depreciated from their original MSRP, they've stabilized and represent a strong value. Pista models exist on a different plane, consistently trading for double or even triple the price of a standard 488, with exceptional examples approaching the $1 million mark.
Buying Tips
- Insist on a complete and up-to-date service history from a Ferrari main dealer. The 7-year maintenance plan is transferable and a major plus.
- On Pista models, carefully inspect the optional carbon fiber wheels for cracks or curb damage, as they are extremely expensive to replace.
- Operate the Spider's retractable hardtop multiple times to check for smooth, quiet, and proper function. Repairs can be costly and complex.
- A pre-purchase inspection should include checking the ECU for over-rev reports, which can indicate abusive driving or track use.
- Check for sticky buttons and interior trim wear, a common issue on Ferraris of this era. Refinishing can be expensive.
Prices range from $108,000 for early examples to $999,000 for top-spec Pista variants.
3,050 Ferrari 488 vehicles have been tracked across auctions and listings on Hypercars, with 1119 currently live.
Data sourced from Bring a Trailer, Cars & Bids, eBay Motors, PCarMarket, and Collecting Cars. Updated daily.
Frequently Asked Questions
How much does a Ferrari 488 cost?
Over the last 12 months, Ferrari 488 sold for a median of $347,001 across 96 auction sales tracked on Hypercars; the middle 50% sold between $223,481 and $701,550. There are 1,119 currently for sale.
How many Ferrari 488 listings are for sale right now?
There are 1,119 Ferrari 488 listings currently live across auctions, dealers, and marketplaces tracked by Hypercars.