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1988.5 Ferrari 328 GTS – A Pristine Collector’s Gem

Investment-Grade Example with Exceptional Preservation and Complete Documentation

For the discerning collector, we present an investment-caliber 1988.5 Ferrari 328 GTS representing the most sought-after specification from the model’s production run. This U.S. specification, late-production example, showing just 14,500 documented miles, stands as one of the finest preservation examples available worldwide.  This specific model is a non-ABS model, and stands out as a phenomenal opportunity for collectors, thanks to its ultra-low mileage, immaculate condition, and comprehensive service history, having just undergone a full evaluation and comprehensive service, including belts and all maintenance, by an authorized Ferrari dealership in September, 2024.

Step into the world of automotive excellence with this stunning example of Italian engineering and design. This vehicle is a rare find that offers both pristine condition and significant investment potential. With meticulous care throughout its life, complete with all original accessories, tool kit suite in pristine condition, service records, original leather folio with all manuals and documentation, and OEM car cover, this 328 GTS promises to be a treasured addition to any collection.

Accepting all serious offers and questions — Please use the Contact form on this website.

Overview of the Ferrari 328 GTS

The Ferrari 328 GTS, produced from 1985 to 1989, is revered for its timeless design and exhilarating performance. Built upon the successful foundation of the 308 series, the 328 benefits from a mid-mounted 3.2-liter V8 engine (F105C040) that delivers 270 horsepower and 231 lb-ft of torque. This engine is mated to a five-speed manual transaxle, providing a visceral driving experience that captures the essence of sports car performance.

The Ferrari 328 GTS is considered one of the most reliable classic Ferraris, making it not only a joy to drive but also a smart investment for the future.

Key Technical Specifications:

  • Engine:  3.2-liter F105C040 V8
  • Power:  270 hp @ 7,200 rpm
  • Torque:  231 lb-ft @ 5,500 rpm
  • Transmission:  Five-speed manual
  • 0-60 mph:  Approximately 5.5 seconds
  • Top Speed:  165 mph
  • Wheelbase:  5 inches
  • Curb Weight:  2,900 lbs
  • Production Numbers:  Less than 7,500 units produced globally

The 328 GTS is known for its impressive balance and agility, featuring a double-wishbone suspension system with anti-roll bars, which enhances its handling capabilities. The car’s disc brakes—ventilated in the front and rear—ensure superior stopping power.

Exterior and Color

This specific 328 GTS is finished in Rosso Corsa, the most iconic Ferrari color, which not only enhances its aggressive stance but also signifies the passion that Ferrari is known for. The exterior is complemented by factory 16-inch staggered convex wheels wrapped in Pirelli Cinturato P7 tires (205/55 front, 225/50 rear), ensuring optimal grip and handling.

The car features a targa top that allows for an exhilarating open-air driving experience, while the aerodynamic design, developed by Pininfarina, lends itself to reduced drag and enhanced stability at high speeds. Pininfarina’s attention to detail and timeless styling are evident in every curve and line of the 328 GTS, ensuring it remains a classic that turns heads wherever it goes.

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Interior Features and Condition

The interior of this 328 GTS is equally stunning, featuring a combination of black leather upholstery and striking red carpeting. The dashboard, also black, houses Veglia instrumentation that includes:

  • 180-mph speedometer
  • Tachometer with a 7,800-rpm redline
  • Gauges for oil pressure, coolant temperature, oil temperature, and fuel level
  • Analog clock

The car includes a leather-wrapped, factory MOMO steering wheel, an Alpine CD player, and the legendary gated shifter that Ferrari enthusiasts adore. Additional features include power windows, central locking, and a fitted Ferrari OEM 328 soft car cover, complete with 1988.5 mirror covers and Ferrari’s prancing horse emblem over the front bonnet area. Each element of the interior has been meticulously maintained, reflecting the car’s pampered history.  The interior is as bright and perfect as it was on the day the car was delivered, and there are no signs of wear on any of the leather seats, dashboard, door panels or elsewhere.  The carpeting and upholstery is in perfect condition.

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Service History and Maintenance

This Ferrari has been meticulously evaluated and serviced, including a full service at an authorized Ferrari dealership in September 2024 , ensuring that it remains in peak condition. The service history is a vital aspect of this vehicle, highlighting both the care it has received and the importance of maintaining such a remarkable machine.  Copies of these service records can be viewed in the “Tools and Documentation” photo gallery on this website.

Recent Major Services

Ferrari Authorized Dealership, September 2024 (14,500 Miles):

  • 2 hour, Entire Vehicle Inspection
  • Complete Annual Service / Replace all Belts
  • New Timing Belt, New Cam Belts, New AC Belt
  • New Alternator Belt, New Water Pump Belts
  • All Fluids Drained/Renewed
  • A/C System Evacuation, Checked and Recharged
  • OEM plenum hose and clamp restoration/replacement
  • Restoration of factory airbox cover
  • Vehicle approved for Ferrari Classiche Program Certification

Post-Purchase Inspection by Ferrari Dealership, May 2020 (13K miles):

  • Entire Vehicle Inspection
  • Confirmation of exceptional mechanical condition
  • All Fluids Drained/Renewed
  • Replacement of both rear deck-lid struts

Major Service by prior owner, February 2019 (13K miles):

  • Timing Belt replacement
  • Drive Belt renewal
  • Camshaft seal replacement
  • Valve cover gasket replacement
  • Spark plug service
  • Oil pan gasket replacement
  • Fuel filter replacement
  • Engine air filter replacement
  • Air conditioning system service
  • Complete oil service

All services are documented with receipts available for review, providing transparency and reassurance about the vehicle’s maintenance history. The diligent care it has received from authorized Ferrari dealerships ensures that it is in excellent mechanical condition and ready for its next owner.

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Collector’s Appeal and Investment Potential

In a world full of Ferrari 328s, this one is a standout—uniquely different and significantly more valuable. Its low mileage and unmodified condition make it particularly appealing to collectors seeking a mint example. With only 14,500 miles, this car is a rare opportunity to own a piece of automotive history that has been cherished rather than driven extensively. As noted by automotive experts, “The Ferrari 328 has become increasingly sought after for its combination of performance, style, and reliability.”

The investment potential is further underscored by the fact that the 328 GTS has steadily increased in value over the past decade, with many experts predicting continued appreciation. The car’s eligibility for Ferrari Classiche certification enhances its appeal to collectors, as this certification process validates the authenticity and originality of the vehicle.

Documented Provenance

Originally delivered in 1988 by a Ferrari dealership in Michigan, this US specification vehicle was first owned by a Canadian resident and titled in Ontario before later moving to Alberta.  The current owner acquired the car in May 2020, with only 13,000 miles, and worked with import agencies, Canadian authorities and the various United States federal agencies (DHS, CBP, DOT, EPA and NHTSA) to successfully return the vehicle to the United States.  It has been registered and stored in Virginia as an antique vehicle since May 2020.

Current Owner & Stewardship

The current owner is a Ferrari enthusiast with a long history of ownership, having owned Ferraris since 1996. He actively participates in various Ferrari community events, including Ferrari Club of America (FCA) gatherings, Cavallino, cross-country rallies, and track events. The increase in mileage since the May 2020 acquisition is attributed to travel for participation in car shows, FCA events and for routine care, service and maintenance.  The owner’s commitment to maintaining the car’s authenticity and performance is evident in the extensive service records and proactive care.  This Ferrari 328 GTS is the second F-328 owned by the collector, and his daily driver is a 2013 Ferrari 458 Spider (originally acquired with only 4,000 miles, but currently showing 103,000).

Private viewing arrangements available for collectors or their representatives.  Vehicle is currently stored in the Washington, D.C. Metropolitan area, only a few miles from Washington Dulles International Airport.  Please use the Contact form on this website to discuss the vehicle.

 

Driving Experience

Driving the 328 GTS is a symphony of power and precision. The mid-engine layout ensures excellent weight distribution, resulting in responsive handling and a thrilling driving experience. The gated manual transmission offers a tactile engagement that modern automatic transmissions cannot replicate, making each gear change a rewarding experience. The engine’s growl, coupled with the car’s lightweight construction, creates an exhilarating atmosphere that any sports car enthusiast would relish.

Conclusion

This 1988.5 Ferrari 328 GTS is more than just a car; it represents a rare blend of heritage, performance, and investment potential. Its low mileage, pristine condition, complete documentation, and continuous service history make it an extraordinary opportunity for any collector or enthusiast.

Don’t let this unique opportunity slip away—contact us immediately to seize the chance to own a piece of automotive excellence that will only continue to appreciate in value. The perfect collector’s item like this won’t last long!  This is a phenomenal Ferrari waiting for its next passionate owner!

As Enzo Ferrari once said, “The car is a vehicle that allows you to live your dreams.” Owning this 328 GTS is a chance to embrace that dream, as it offers not just a means of transportation, but a gateway to the passion and thrill of driving a true Italian sports car.

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