348 (1989 to 1995)

The Ferrari 348, launched in 1989 as the successor to the 328, represents a pivot point in Maranello's history, moving the V8 lineage into a more modern, structural chassis with its "baby Testarossa" strakes and longitudinal engine layout. In the 2026 Australian market, the 348 has shed its historical "underdog" reputation to become a highly prized analogue collectible, with market values for locally delivered, right-hand-drive (RHD) examples reflecting this shift: standard 348 tb (Coupe) and ts (Targa) models typically range from $150,000 to $175,000 AUD, while the rare, final-year GTB and GTS variants—boasting 320hp and colour-coded skirts—can exceed $210,000 AUD. Its desirability is driven by its raw, unfiltered driving dynamics—lacking power steering and electronic aids—and its gated five-speed manual gearbox, though buyers remain cautious of the "engine-out" requirement for cam-belt services which can cost upwards of $10,000 AUD. The buyer pool is increasingly composed of purist drivers and Gen X investors who have been priced out of the F355 and 308 markets but seek the same mid-engine V8 drama and iconic Pininfarina silhouette. In Australia, with reportedly only 35 original RHD units delivered for certain model years, the premium for "Australian-market" cars with a full specialist service history remains exceptionally strong, as these are viewed as the most secure long-term assets within the 348 range.

The Ferrari 348, launched in 1989 as the successor to the 328, represents a pivot point in Maranello's history, moving the V8 lineage into a more modern, structural chassis with its "baby Testarossa" strakes and longitudinal engine layout. In the 2026 Australian market, the 348 has shed its historical "underdog" reputation to become a highly prized analogue collectible, with market values for locally delivered, right-hand-drive (RHD) examples reflecting this shift: standard 348 tb (Coupe) and ts… Read more