One car, six different asset classes

I like to see the F40 in 6 different asset classes which also explains the disruption of the F40 market simply because most buyers/collectors are not fully aware of how “rare” their F40 is.

With that focus you get 6 different types in terms of production numbers the value of the car depends on history, condition, service history, mileage, etc, etc.

F40 Prototype 1987

( 8 units, at least 2 of them do not exist anymore because of mandatory crash tests that have been performed )

= 6 units

F40 Pre-Series 47 units 1987 / 1988

were completed in late 1987 ( 7 of them ) and the others in 1988, handmade in the race and development department. Most of them are Series 1, slider window units, however, the exact ratio of Series 1 and Series 1,5 numbers within the pre-series remains unknown.

= 47 units

=F40 Series 1 = non-cat / non-adust / plexi / slider window

most of them produced in 1989 and early 1990

= 95 units

F40 Series 1,5 = non-cat / non-adjust / regular windows

= 300 units ( roughly )

F40 Series 2 / EU spec with catalytic converter and/or without adjustable suspension ( delivered worldwide )

= 650 units 

F40 Series 2 / US spec – delivered in the United States through FNA

= 213 units 

What is now already happening is that the Series 2 units have lost a lot of their newly gained value simply because there are so many cars available and for sale.

Many private owners and commercial sellers missed their chance to sell at peak markets in the Spring and Summer of 2023. Those cars are now at least 20% “cheaper” compared to a year ago where the question remains how many of them sold at their asking price in 2022?

While it is obvious that Prototypes and Pre-Series cars should bring a considerable premium, in my opinion, the market just started to realize that simply based on production numbers and the fact that Series 1 and Series 1,5 ( in that order ) remain the purest F40 experience there is. 

I think that prices in the future will be related to the 6 categories of F40 that need to be considered when someone is buying for rarity, investment, or just because he wants to have and keep not simply an F40 but a very special and rare F40 to enjoy it.