California dealer refuses to sell 2025 Ferrari 296 GTS despite being offered $348,000

supercarblondie.com • February 17, 2026 • technology

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A California dealer declined to sell a 2025 Ferrari 296 GTS despite receiving a $348,000 offer, as it did not meet the seller’s high reserve price.
The Ferrari 296 GTS, a convertible variant with a Rosso Corsa exterior and Nero leather interior, originally had an MSRP of $452,476 and includes nearly $80,000 in extras.
The model is nearly new with under 700 miles and features an 818hp powertrain combining a 3.0-liter twin-turbo V6 and an electric motor, paired with an eight-speed dual-clutch transmission.
Despite critical acclaim for its performance, the Ferrari 296 series has been struggling to retain value, with many