1991 Ferrari 348 ts

2dr Targa-Top

8-cyl. 3405cc/300hp Bosch Motronic PFI

#1 Concours condition#1 Concours
#2 Excellent condition#2 Excellent
#3 Good condition#3 Good

$82,700*

+5.1%
#4 Fair condition#4 Fair
Value Graph04/2407/2410/24$20k$40k$60k$80kJan 2025
Let us watch the market for you

We update the Hagerty Price Guide each quarter. Sign up for alerts and we'll notify you about value changes for the cars you love.

1989-1995 Ferrari 348 stats
Highest sale
$2,200,000
Lowest sale
$8,250
Most recent sale
$65,885
Sales
473

Photos

37 photosImages may not reflect selected vehicle.

1994 Ferrari 348 GTS 2dr Spider Courtesy of Hyman Ltd.
1994 Ferrari 348 GTS 2dr Spider Courtesy of Hyman Ltd.
1994 Ferrari 348 GTS 2dr Spider Courtesy of Hyman Ltd.
1994 Ferrari 348 GTS 2dr Spider Courtesy of Hyman Ltd.
1994 Ferrari 348 GTS 2dr Spider Courtesy of Hyman Ltd.
1994 Ferrari 348 GTS 2dr Spider Courtesy of Hyman Ltd.
1994 Ferrari 348 GTS 2dr Spider Courtesy of Hyman Ltd.
1994 Ferrari 348 GTS 2dr Spider Courtesy of Hyman Ltd.
1994 Ferrari 348 GTS 2dr Spider Courtesy of Hyman Ltd.
1994 Ferrari 348 GTS 2dr Spider Courtesy of Hyman Ltd.
1994 Ferrari 348 GTS 2dr Spider Courtesy of Hyman Ltd.
1994 Ferrari 348 GTS 2dr Spider Courtesy of Hyman Ltd.
1994 Ferrari 348 GTS 2dr Spider Courtesy of Hyman Ltd.
1994 Ferrari 348 GTS 2dr Spider Courtesy of Hyman Ltd.
1994 Ferrari 348 GTS 2dr Spider Courtesy of Hyman Ltd.
1994 Ferrari 348 GTS 2dr Spider Courtesy of Hyman Ltd.
1994 Ferrari 348 GTS 2dr Spider Courtesy of Hyman Ltd.
1994 Ferrari 348 GTS 2dr Spider Courtesy of Hyman Ltd.
1994 Ferrari 348 GTS 2dr Spider Courtesy of Hyman Ltd.
1994 Ferrari 348 GTS 2dr Spider Courtesy of Hyman Ltd.
1994 Ferrari 348 GTS 2dr Spider Courtesy of Hyman Ltd.
1994 Ferrari 348 GTS 2dr Spider Courtesy of Hyman Ltd.
1994 Ferrari 348 GTS 2dr Spider Courtesy of Hyman Ltd.
1994 Ferrari 348 GTS 2dr Spider Courtesy of Hyman Ltd.
1994 Ferrari 348 GTS 2dr Spider Courtesy of Hyman Ltd.
1994 Ferrari 348 GTS 2dr Spider Courtesy of Hyman Ltd.
1994 Ferrari 348 GTS 2dr Spider Courtesy of Hyman Ltd.
1994 Ferrari 348 GTS 2dr Spider Courtesy of Hyman Ltd.
1994 Ferrari 348 GTS 2dr Spider Courtesy of Hyman Ltd.
1994 Ferrari 348 GTS 2dr Spider Courtesy of Hyman Ltd.
1994 Ferrari 348 GTS 2dr Spider Courtesy of Hyman Ltd.
1994 Ferrari 348 GTS 2dr Spider Courtesy of Hyman Ltd.
1994 Ferrari 348 GTS 2dr Spider Courtesy of Hyman Ltd.
1994 Ferrari 348 GTS 2dr Spider Courtesy of Hyman Ltd.
1994 Ferrari 348 GTS 2dr Spider Courtesy of Hyman Ltd.
1994 Ferrari 348 GTS 2dr Spider Courtesy of Hyman Ltd.
1994 Ferrari 348 GTS 2dr Spider Courtesy of Hyman Ltd.
insurance

Protect your 1991 Ferrari 348 ts from the unexpected.

Better coverage built for classics at a price you can afford. Online quotes are fast and easy

Model overview

Model description

Ferrari introduced the 348 in 1989 as a long-awaited successor to the 308/328 series, which had been in production since 1976. A dramatic departure from its predecessor, the 348 took styling cues from the Testarossa, with its side-mounted radiators and strakes, while having a longitudinally mounted engine with a transverse gearbox. This mid-engine arrangement mimicked the layout of Ferrari’s F1 cars at the time and looked like a “T” in plan form. The design helped centralize mass between the wheels (it also explains the “t” designation; the coupe was the 348 tb, and the Targa-topped version was the 348 ts). The 3.4 liter four-cam V-8 made 300 hp and propelled the car to 60 mph in 5.6 seconds on the way to a top speed of 171 mph. Standard anti-lock brakes afforded equally impressive stopping abilities.

The coupe and the Targa were largely unchanged through the end of 1992, while subsequent cars gained 12 hp as well as a minor suspension revision to address complaints of nervous handling at the limit. In 1993 the 348 Spyder convertible was introduced and this model lasted through 1995 – one year after the coupe and Targa 348s had already been replaced by the 355. Two notable limited edition cars were the 1992-94 U.S.-only Series Speciale (100 built), and the 348 Challenge, which was a combination street/track car (57 built).

Prospective Ferrari 348 owners should be aware that the engine does have to be removed in order to complete the belt service, and like most Ferraris of this period, sticky interior parts and electrical issues might have to be dealt with. Even with these areas taken into account, the 348 represents a good choice for an enthusiast, as they are fantastic performers. High production numbers and recent build dates conspire to keep prices reasonable, which helps lessen the pain of sharp maintenance bills.

Vehicle specifications

  • Wheel Base Shortest - Inches96.5
  • Wheel Base Longest - Inches96.5
  • Drive TypeRWD
  • Manufacturer NameFiat
  • Front Tire SizeUnknown
  • Market SegmentationPrestige Sport
  • Manufacturer CodeC133
  • Front Tire Size CodeU

Equipment

  • StandardOptional
  • Restraint typePassive Belts (Automatic)

Equipment

Standard

  • Restraint typePassive Belts (Automatic)
Find more values
Search for prices of other cars, trucks, vans and motorcycles
Classic car

Common Questions

The value of a 1991 Ferrari 348 ts can vary greatly depending on its condition, mileage, options, and history. Typically, you can expect to pay around $82,700 for a 1991 Ferrari 348 ts in good condition with average spec.

The highest selling price of a 1991 Ferrari 348 ts at auction over the last three years was $99,750. The highest prices are usually reserved for rare or exceptionally well-maintained examples with desirable features or modifications and excellent history.

The lowest selling price of a 1991 Ferrari 348 ts at auction over the last three years was $53,331. The lowest prices are usually paid for examples that have extensive maintenance needs, differ greatly from their original configuration, or have accident histories or title problems.

In the last three years there have been 19 1991 Ferrari 348 tss sold at public auction.

The most recent auction sale of a 1991 Ferrari 348 ts was $73,968 on January 23, 2025 by Car and Classic.

Many factors can increase a car's value including excellent condition, exceptional originality, a recent restoration, low mileage, unique provenance, desirable options, popular or unique color choices, and excellent maintenance records. Upgrades and modifications that enhance performance or aesthetics can also add value.

Factors that can decrease a car's value include unusually high mileage, poor maintenance history, visible wear and tear, accidents or damage, title issues, and gaps in ownership history. Additionally, less popular color choices and extensive modifications that don't appeal to a broad audience can reduce value.

Mileage plays a significant role in a classic car’s value. Lower mileage usually increases value because it indicates a higher degree of originality, is rarer, and suggests less wear and tear. However, cars with exceptionally low mileage may also have maintenance needs due to lack of use. Whether someone should pay more for a vehicle with lower miles will depend on how they plan on using it, and the vehicle's specific condition.

The value of modified cars differs widely based on the type and quality of modifications. While some modifications can significantly increase value, especially performance enhancements and high-quality custom work, others may not add much or could even detract from the car’s value if they appeal to only a limited audience.

All prices shown here are based on various data sources, as detailed in About Our Prices. The Hagerty Price Guide is for informational purposes only and is not intended as financial advice. More information on how forecast models are calculated can be found on Forecasted Values page. For additional information and a complete description of benefits, visit hagerty.com/legal. Purchase of insurance not required for membership in HDC. Hagerty, Hagerty Valuation Tools & Hagerty Drivers Club are registered trademarks of The Hagerty Group LLC, ©2025 The Hagerty Group, LLC. All Rights Reserved. The Hagerty Group, LLC is a wholly owned subsidiary of Hagerty, Inc.