HAGI FERRARI INDEX

Today’s Ferrari market is notable both for its similarity to and its difference from other segments of the asset-class market. The HAGI Ferrari index hit a new peak in February, but a 3.2% downward correction in March cancelled out that gain. To be precise, the HAGI F is down by a marginal 0.10% in the year to date.

This performance has to be viewed in context; many other sectors are also down year-to-date. There’s the similarity. But one difference is that others are in fact deeper into negative territory than Ferrari.

What is evident is that since index inception in 2008, Ferrari has traced a very different trajectory to arrive at a destination point that is within door-handle-scraping distance of the HAGI Top overall market measure and the HAGI Porsche index.

With Ferrari, more so than with any other marque, your comfort and wellbeing depend on precisely where you are placed on the curve…

During the peak growth period of 2013, Ferrari was well ahead of the chasing pack and stretching away with spectacular growth of 62.14%. Yet today we’re looking back at three-year growth of 38.14%; that’s only a little over half what the HAGI F achieved in that peak-growth year.

Ferrari’s journey from 2008 to 2017, then, has led it to much the same place as many other marques and the market in general. The Prancing Horse just took an entirely different, much hillier route to get there. As ever, the one thing you can be certain of is change. For further analysis, see historicautogroup.com.