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1988 Ferrari 328 GTS, photo 1
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At a glance

Year
1988
Mileage
29,325 mi
Exterior
Red
Interior
Leather
Body
Targa
VIN
ZFFXA20A2J0077911

About this car

The Ferrari 328 GTB, introduced in 1985 at the Frankfurt Motor Show, is a mid-engine sports car produced between 1985 and 1989 as a successor to the 308 GTB. Approximately 1,344 units of the GTB (Gran Turismo Berlinetta) coupe were built, making it rarer than its GTS targa-top sibling, of which around 6,068 were produced. Designed by Pininfarina, the 328 GTB features a sleek, wedge-shaped body and is powered by a 3.2-liter V8 engine, delivering 270 horsepower at 7,000 RPM and 223 lb-ft of torque. It achieves a 0-60 mph time of about 5.5 seconds and a top speed of approximately 166 mph, notable for its era.

For exotic car collectors, the 328 GTB holds appeal due to its relative scarcity, especially compared to the GTS, and its status as the final evolution of Ferrari’s transverse V8 models before the 348. Values have risen in recent years, with well-maintained examples often fetching between $80,000 and $120,000 at auctions, depending on condition and provenance. Its historical significance lies in bridging Ferrari’s classic designs with modern engineering, and its lightweight construction (around 2,800 lbs) enhances its driving purity, a trait prized by enthusiasts.

Price vs. market

Strong Value $43,655 (28%) below the median of 20 comparable listings.

This car
$109,800
Median asking
$153,455
Comparables
20 · 1986–1989
Median mileage
24,601 mi (this car 29,325)

Compared with other active listings of the same model (model years ±2) on Exotics Group. These are dealers' asking prices, not sale prices, and condition, options, mileage and history are not adjusted for.

About the Ferrari 328 GTS

Production
1985–1989
Est. units built
1,344
Cylinders
8
Powertrain
Combustion
Body
Targa

The Ferrari 328 GTS, produced between 1985 and 1989, is a mid-engine sports car that succeeded the 308 series, marking the final evolution of Ferrari’s V8-powered two-seater lineup before the 348. Approximately 6,068 units of the 328 GTS (the targa-top variant) were built, making it less rare than some other Ferrari models but still coveted by collectors for its classic Pininfarina design and historical significance as one of the last analog Ferraris of the era. It features a 3.2-liter V8 engine, delivering 270 horsepower at 7,000 RPM, with a 0-60 mph time of around 5.5 seconds and a top speed of approximately 166 mph.

For exotic car collectors, the 328 GTS holds appeal due to its relative affordability compared to earlier Ferrari models like the 246 Dino, with prices in recent years ranging from $80,000 to $150,000 depending on condition and provenance. Its manual 5-speed gearbox and unassisted steering offer a raw driving experience, a trait increasingly rare in modern Ferraris. While no major special editions exist, well-maintained, low-mileage examples or those with documented service history command premium values in the market.

From the Journal

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$109,800 Strong Value

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