Goldman’s Ferrari Residual Value Index shows that used Ferrari listing prices remained under pressure in April, down 3.4% year over year. However, analysts noted signs of “stabilization and partial improvements” after a weak second half of 2025. One notable takeaway from analyst Christian Frenes: Ferrari hybrids are depreciating far faster than their petrol-powered counterparts, suggesting buyers still prefer V-8s and V-12s combustion-engine models. In other words, the used market is sending a very clear signal to Ferrari that its wealthy customer base is not sold on the hybrid era. The chart below shows a clear divide in the Ferrari market: older, combustion models are holding their value much better than newer hybrid models. The biggest winners versus the original retail price are: 812 GTS: up about 29.8% F8 Spider: up about 25.5% 488 Spider: up about 15.7% Ferrari Roma Spider: up about 14.3% SF90 Spider: up about 2.8% The laggards are mostly newer hybrid or less-favored models: 296 GTS: down about 1.4% 296 GTB: down about 7.0% Ferrari Roma: down about 9.8% Ferrari Portofino: down …