Car Collector International
Classic · 1985–1989

Ferrari 328

The evolved 308 — bigger 3.2 V8, body-coloured bumpers and the last of the analogue mid-engined Pininfarina Ferraris.

Car Collector International Editorial
Red Ferrari 328 GTB in a studio setting on a pale grey backdrop, front three-quarter view showing the fixed-roof coupe body, body-coloured bumpers, retracted pop-up headlamps, bonnet vent, side air intake ahead of the rear wheel, convex five-spoke alloy wheels and tan leather interior.
Overview

Why this car matters

Launched at Frankfurt in 1985, the 328 is the direct development of the 308 Quattrovalvole: the same Pininfarina architecture with body-coloured bumpers, revised skirts and a fresh interior, powered by an enlarged 3.2-litre four-valve V8.

It ran only four seasons before the 348 replaced it in 1989, and the late-production cars — ABS and revised suspension geometry from 1988 — are widely regarded as the sharpest, best-resolved iteration of the shape.

The 328 is the final and best-sorted version of the Pininfarina mid-engined V8 line that began with the 308. For the earlier 3.0-litre carb, injection and Quattrovalvole cars, see the separate 308 buyer's guide.

Variants

Range and production

VariantYearsProductionNotes
328 GTB1985–19891,344Fixed-roof coupe. 3.2-litre V8 with 266 bhp / 270 PS. Rarer of the two bodystyles.
328 GTS1985–19896,068Targa-roof; the majority of 328 production. Same drivetrain as GTB.
328 GTB / GTS (late ABS cars)1988–1989Not separately recordedABS as standard, revised suspension geometry, convex wheels. Widely regarded as the definitive iteration.
Buyer's Guide

What to look for

Provenance and originality

Start with identity, paperwork and originality. For the Ferrari 328, the strongest cars have continuous ownership history, matching numbers where applicable, original books and tools, factory build documentation and evidence of work by manufacturer-approved specialists. Late-production ABS cars, original paint, matching numbers, documented Ferrari service history and complete book/tool set.

Mechanical inspection priorities

Tipo F105C 3.2-litre transverse V8 with Bosch K-Jetronic injection and Marelli Microplex ignition. Cam-belt service every 3–5 years is non-negotiable and can be done in situ by an experienced Ferrari specialist. The Microplex ignition module and the original fuse board are known age-related failure items and are routinely replaced with modern equivalents. A proper pre-purchase inspection includes cold-start behaviour, ECU diagnostics and fault-code history (where applicable), leak-down or compression testing, underbody photography, suspension and chassis inspection, brake condition and a long enough road test to expose heat-related faults. Deferred maintenance on a car of this class is almost always more expensive than buying a better-sorted example.

Body, paint and accident history

Use a paint-depth gauge, lift access and a specialist familiar with the model's factory panel gaps and finish standards. Collector value is dramatically affected by structural repairs, refinished panels, poor paintwork and missing factory trim or option content. Documented cosmetic refresh is acceptable; concealed accident or fire damage must be priced severely.

Specification strategy

Late-production ABS cars (1988–1989) in original colour with continuous history lead. The GTS targa is the more numerous and more tradable body; GTB coupes trade at a modest rarity premium. Specification, colour, options and limited-build variants move values significantly. Buy the best-documented example in the most desirable specification you can justify, rather than a tired example of a rarer derivative that will need years of corrective work.

Ownership

Living with it

Typical mileage
1,000–4,000 miles typical for collector use
Service interval
12 months; mileage interval varies by model and use
Annual running cost
$5,000 – $18,000
Fuel economy
15–28 mpg depending on use
Insurance
Use an agreed-value collector or specialist supercar policy with limited mileage, secure storage, documented photography and an annual value review. Premiums vary sharply by age, storage location, declared value and driver profile.

Maintenance planning

Budget annually even if the car is used sparingly. Fluids age, tyres and date-coded rubber components must be replaced regardless of mileage, and stored cars need exercise. A documented maintenance rhythm protects both reliability and resale value.

Parts and specialist access

Use a Ferrari-experienced specialist for belt work, K-Jetronic set-up and Microplex/electrical fault-finding — general independent shops routinely miss correct procedure. Before purchase, confirm parts availability for model-specific bodywork, electronics, gearbox and engine components. A discounted car waiting on unobtainable parts or a factory service slot is rarely a saving in collector ownership.
Common Problems

Known issues by system

Engine

Cambelt service neglect

Critical$3,500 – $6,500 (major service)
Symptoms — Lapsed belt service interval, no recent records.
Inspection — Verify documented cambelt service within the last 3–5 years.
Body

Sill, floor and rear-arch corrosion

Major$8,000 – $35,000 for correct restoration
Symptoms — Bubbling paint, prior repaint history, panel-gap inconsistency.
Inspection — Lift inspection and paint-depth survey by a Ferrari specialist.
Electrics / ignition

Marelli Microplex ignition module and original fuse-board failure

Moderate$1,500 – $4,500
Symptoms — Intermittent misfire, blown fuses, unexplained warning lights.
Inspection — Specialist electrical sweep; check for solid-state fuse-board conversion.
Fuel system

K-Jetronic warm-up regulator and fuel-line ageing

Moderate$1,500 – $4,500
Symptoms — Poor cold start, uneven idle, fuel smell.
Inspection — Specialist K-Jetronic diagnosis and pressure test.
Auctions

Recent results

DateAuctionCarMileageResult
2026-05-16
Mecum
Indianapolis
1986 328 GTS (Lot T222)
$80,300
Sold
2026-03-06
Gooding Christie's
Amelia Island · Lot 180
1986 328 GTS
$100,800
Sold
2026-02-14
RM Sotheby's
Cavallino Palm Beach · Lot 106
1988 328 GTS
$179,200
Sold
2026-01-17
Mecum
Kissimmee 2026 · Lot S165
1989 328 GTB
$577,500
Sold
2026-01-17
Mecum
Kissimmee 2026 · Lot S163
1989 328 GTS
$495,000
Sold

January 2026 Mecum Kissimmee standout 328 results recorded with the sale-house lot record; treated as directional ceilings rather than a confirmed new standard tier pending corroboration.

Investment

Long-term outlook

Strong HoldHorizon: 5–10 years

The best-sorted iteration of the Pininfarina mid-engined V8 line and the final gated-manual, analogue mid-Ferrari before the 348. Late-production ABS cars in original colour with continuous history should continue to lead; mid-grade cars will track inflation.

Our view, not advice. This section is Car Collector International's editorial judgement on where this model sits in the collector market, based on the production, specification and market data set out in this guide. It is not a recommendation to buy or sell and it is not investment advice. Values can fall as well as rise.

Recommended

The trusted network

Specialists

  • Ferrari factory-approved specialist
    View →
    UK / Europe
    Ferrari 328 inspections, major service planning and originality reviews.
  • Model-focused independent
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    United States
    Pre-purchase inspections, scheduled service and market-correct preparation for the 328.
  • Concours preparation studio
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    International
    Paint correction, PPF, detailing, preservation and sale preparation for premium collector cars.
  • Hagerty
    View →
    USA / UK / EU
    Agreed-value collector and supercar insurance with global recognition.
  • Lockton Performance
    View →
    UK / EU
    Specialist agreed-value cover for modern hypercars and limited-production supercars.

Storage

  • Windrush Car Storage
    View →
    London & Cotswolds, UK
    Climate-controlled storage and collection management for high-value classic and supercars.
  • AutoVault
    View →
    Essex, UK
    Dehumidified storage at 55% RH in purpose-built sealed buildings, with maintenance programmes and individual motor-trade insurance cover.
  • Classic Car Club Manhattan
    View →
    New York, NY
    Secure urban storage for collector and modern performance cars.

Transport

  • CARS UK
    View →
    UK & Europe
    Enclosed event, concours and collection transport across Europe.
  • Reliable Carriers
    View →
    USA (national)
    Enclosed coast-to-coast transport for premium supercars and classics.
  • FERRLOG
    View →
    Italy / Europe
    Air-ride enclosed transport for Italian and European collector cars.
Related

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The valuation figures in this guide are for research purposes only and do not constitute financial or investment advice. See our full disclaimer.