1994 Ferrari 348 GTS Challenge Cabriolet

This 1994 Ferrari 348 GTS Challenge is one of only 32 built for the North American Ferrari Challenge Series. This vehicle was offered for sale at the 2007 RM Auctions held in Amelia Island, Florida. it was offered without reserve and estimated to sell between $90,000 - $120,000. It is powered by a 3405cc V8 engine that is capable of producing 310 horsepower. There is a five-speed manual transaxle and four-wheel disc brakes.

The 348 GTS Challenge series was a dual-purpose sports car intended for both road and track. The Challenge Series was established in 1994 with races in North America, Europe and Japan. An overall winner was determined by runoffs at Mugello in Italy. A year later, the series grew by hundreds of competitors, all eager to take part in this new series.

The 348 GTS Challenge cars have improved safety features, upgraded suspension, and factory-sealed engines. This was done to guarantee equal cars among the field.

It is believed that this car has not yet taken part in the series. The series is still run in modern times and this would be a welcomed entrant at one of those events. At auction, this car found a new owner, selling well below the estimated value. The final sale price was $59,400.

By Daniel Vaughan | Mar 2007