Indexing is a good system to compare the value development of different models, or different groups of models with other (groups of) models.
Index Classic Ferrari models
Red Blossoms has indexed all 226 classic Ferrari models from Y 1947- 2000.
Classic Ferrari Indices
Red Blossoms has defined several categories of classic Ferraris, to give an indication of the classic Ferrari market:
- Enzo Early Models, Y1947-1972. The ‘Chrome Bumper Era’ with the last model: 246 GTS Dino.
- Enzo Late Models, Y1972-1989. First model: 365 GT4 2+2, last model: Mondial.
- Post Enzo Models, Y1989-2000. The ‘Post Enzo’ era, first model: 348, last model: 360 Modena.
- All Enzo Models, Y1947-1989. A combination of the Enzo Early Models and the Enzo Late Models.
The indices are based on market capitalization, which reflects the total value of all individual cars together (=all models * number of cars of the models in the market * average value of the model).
In the index every individual model is represented by its average value and the total number of cars. This makes the Red Blossoms Indices the most complete and the most representative. More precise than any other classic car index. Other indices represent only a selection of cars, which may be sufficient for some purposes, but not to give a representative picture of ‘what is really going on’ in the classic Ferrari market.
Red Blossoms Classic Ferrari Indices (Y 1999=100).
More Specific Indices
To show the differences within the 3 categories some extra indices were produced. In the picture below all models within a timespan of 5 years were grouped.
Red Blossoms Classic Ferrari Indices ‘Models Grouped by 5 Years’ (Y 1999=100)
Other clear differences can be seen when the models are grouped by value.
Red Blossoms Classic Ferrari Indices ‘Models Grouped by Value’ (Y 1999=100)
HAGI F-Index and Hagerty Ferrari Index
The indices of the Historic Auto Group (HAGI) and Hagerty are different from the Red Blossoms Indices. The HAGI F Index is based on 12 rare models from Y1956-2004, the Hagerty Ferrari Index is based on 13 models from Y1957-1972.
The Red Blossoms indices are based on all classic Ferrari models of all times. Therefor, the Red Blossoms indices give a more accurate indication of ‘what’s going on’ in the classic Ferrari market.
When all indices are combined in 1 graphic the differences become clear. In the second half of Y2016 the HAGI Index increases and the Hagerty Index is stable.
The Red Blossoms indices give a more accurate picture: the models Y1947-1972 were stable, the Y1972-1989 models decreased and the Y1989-2000 showed a slight increase.
See also articles: RB Classic Ferrari Index vs. HAGI F Index and RB Classic Ferrari Index vs. Hagerty Ferrari Index
Classic Ferrari Indices and S&P 500 Index and Gold Index
To show the differences of the value development between de stock market and the gold price, the Red Blossoms Classic Ferrari Indices are combined in a graphic with the S&P 500 Index and the Gold Index (December 2006 = 100 for all)
Indices in the Classic Ferrari Investment Report
The Classic Ferrari Investment Report shows many more interesting differences in the value development of the 226 classic Ferrari models.
Note: The indices give an overall picture, which does not apply to individual models. In every category there are models with trend lines, which are not in line with general trend.