The 2016 Ferrari 488 GTB marked a significant step for Ferrari, replacing the 458 Italia. This mid-engine, rear-wheel-drive sports car boasts a sleek coupe body style. Model years span 2016-2019. Key trims included the standard GTB. Pricing ranged from approximately $245,000 when new. Its turbocharged engine, improved aerodynamics, and advanced electronics made it a performance benchmark, combining raw power with surprising usability, contributing to its popularity.
The Good
The 2016 Ferrari 488 GTB delivers breathtaking performance thanks to its turbocharged V8. Its stunning design evokes emotion, while surprisingly comfortable seats and improved reliability (compared to older Ferraris) appeal to practical buyers. While not fuel-efficient, its relative value within the supercar segment is strong, offering exhilarating experiences.
The Bad
The 2016 Ferrari 488 GTB's weaknesses include potential electronic glitches, particularly with the infotainment system. Turbo lag, though minimal, is present. High running costs (maintenance, insurance) are expected. Some owners have reported issues with the paint quality. Thorough pre-purchase inspections are crucial, focusing on the condition of the turbos and overall mechanical health.
2016 Ferrari 488 GTB: Quick Overview
- Engine Options: 3.9L Twin-Turbocharged V8
- Horsepower: 661 hp @ 8,000 rpm
- Torque: 561 lb-ft @ 3,000 rpm
- Fuel Economy: EPA estimated 16 mpg city / 22 mpg highway
- 0-60 mph Time: Approximately 3.0 seconds
- Towing Capacity: Not applicable (supercar)
- Trim-Level Features (GTB):
- Adaptive Suspension: Manettino dial with various driving modes (Wet, Sport, Race, CT Off, ESC Off)
- Carbon-Ceramic Brakes: Provide exceptional stopping power.
- Dual-Clutch Transmission: 7-speed F1 dual-clutch transmission for lightning-fast shifts.
- Infotainment System: Includes navigation, Bluetooth, and audio controls (can be basic compared to modern systems).
- Interior: Leather upholstery, power-adjustable seats, automatic climate control.
- Exterior: Aerodynamic body kit, signature Ferrari styling cues, LED lighting.
- Safety: Airbags, stability control, traction control.
- Optional Features: A wide array of customization options were available, including various interior trim materials (carbon fiber, Alcantara), upgraded audio systems, racing seats, and special paint colors. Buyers could also opt for advanced telemetry systems and track-focused upgrades. There were also options for different wheel designs and brake caliper colors. Apple CarPlay was a later addition.
2016 Ferrari 488 GTB Specifications
Vehicle Information
| Year | 2016 |
| Make | Ferrari |
| Model | 488 GTB |
| Trim | - |
| Style | 2-Door Coupe |
| Type | Coupe |
| Category | Sports Car |
Manufacturing Details
| Made In | Italy |
| Manufacturing City | MARANELLO |
Dimensions
| Doors | 2-Door |
| Curb Weight | 1475.08 kg |
| Gross Vehicle Weight Rating | - |
| Overall Height | 121.41 cm |
| Overall Length | 456.69 cm |
| Overall Width | - |
| Wheelbase Length | 264.92 cm |
| Standard Seating | 2 |
Engine & Performance
| Engine | 3.9-L |
| Engine Size | 3.9L |
| Engine Cylinders | 8 |
| Transmission | 7-Speed Automatic |
| Transmission Type | Automatic |
| Transmission Speeds | 7-Speed |
| Drivetrain | Rear-Wheel Drive |
Additional Features
| Anti-Brake System | 4-Wheel ABS |
| Steering Type | Rack & Pinion |
Pricing
| Manufacturer Suggested Retail Price (MSRP) | $245,400 USD |
| Invoice Price | - |
| Delivery Charges | $3,750 USD |
Vehicle History Report
Vehicle
Specifications
Specifications
Ownership
History
History
All History
Events
Events
NMVTIS Title
History Check
History Check
Salvage/Rebuilt
Check
Check
Accident
Check
Check
Theft
Check
Check
Open Lien
Check
Check
Past Sale
Listings
Listings
Safety
Recalls
Recalls
Odometer
Check
Check
Market Price
Analysis
Analysis
What Problems Does the 2016 Ferrari 488 GTB Have?
Frequently reported problems for the 2016 Ferrari 488 GTB, while not widespread, include occasional electronic glitches, specifically with the infotainment system and sensor malfunctions. Some owners have mentioned issues with the early versions of the infotainment system being slow or buggy. The paint quality on some cars has also been a point of concern, with reports of chipping or premature wear.
Reliability concerns primarily revolve around the complex systems, particularly the turbos and the dual-clutch transmission. Regular maintenance and careful driving habits are crucial for long-term reliability. Early model year 488 GTBs (2016-2017) may have had minor software updates issued to address some initial electronic gremlins.
Recalls have been relatively limited, but it's essential to check the VIN for any outstanding recalls related to fuel lines, airbags, or other safety-related components. A thorough pre-purchase inspection by a qualified Ferrari technician is paramount to identify any potential issues before purchasing a used 488 GTB. Long-term reliability largely depends on proper maintenance and avoiding track abuse.
Reliability concerns primarily revolve around the complex systems, particularly the turbos and the dual-clutch transmission. Regular maintenance and careful driving habits are crucial for long-term reliability. Early model year 488 GTBs (2016-2017) may have had minor software updates issued to address some initial electronic gremlins.
Recalls have been relatively limited, but it's essential to check the VIN for any outstanding recalls related to fuel lines, airbags, or other safety-related components. A thorough pre-purchase inspection by a qualified Ferrari technician is paramount to identify any potential issues before purchasing a used 488 GTB. Long-term reliability largely depends on proper maintenance and avoiding track abuse.
How long will the 2016 Ferrari 488 GTB last?
Given its nature as a performance vehicle, the 2016 Ferrari 488 GTB typically sees lower average mileage compared to everyday cars. Many are driven sparingly, averaging perhaps 3,000-5,000 miles per year. With diligent maintenance, these cars can offer many years of service. Long-term durability hinges on proper care of the turbos and transmission. Weaknesses over time may include wear and tear on suspension components, potential for electronic issues to become more frequent, and the need for eventual turbocharger replacements. Regular servicing and preventative maintenance are key to maximizing longevity.
What Technology & Safety Features are Included?
The 2016 Ferrari 488 GTB's built-in tech focused primarily on enhancing the driving experience. The infotainment system, while present, was less sophisticated than those found in contemporary luxury cars. It included navigation, Bluetooth connectivity, and audio controls. Driver-assistance features were limited, prioritizing driver engagement over autonomous functions. It had standard features like ABS, traction control, and stability control.
Optional features included an upgraded audio system, parking sensors, and a rearview camera. Carbon fiber interior trim and racing seats were also popular options. The Manettino dial allowed drivers to select different driving modes, adjusting the car's handling and performance characteristics.
Crash-test ratings are not available for the Ferrari 488 GTB from organizations like NHTSA or IIHS, as supercars are typically not subjected to these tests. Safety features include airbags, seatbelt pretensioners, and a robust chassis design intended to protect occupants in the event of a collision. The focus was on providing a safe driving experience through advanced engineering rather than relying on extensive driver-assistance systems.
Optional features included an upgraded audio system, parking sensors, and a rearview camera. Carbon fiber interior trim and racing seats were also popular options. The Manettino dial allowed drivers to select different driving modes, adjusting the car's handling and performance characteristics.
Crash-test ratings are not available for the Ferrari 488 GTB from organizations like NHTSA or IIHS, as supercars are typically not subjected to these tests. Safety features include airbags, seatbelt pretensioners, and a robust chassis design intended to protect occupants in the event of a collision. The focus was on providing a safe driving experience through advanced engineering rather than relying on extensive driver-assistance systems.
What Colors Options are Available?
Exterior Colors
Rosso Corsa
Giallo Modena
Nero
Bianco Avus
Blu Pozzi
Grigio Silverstone
Rosso Dino
Nero Daytona
Grigio Ferro
Rosso Mugello
Interior Colors
Cuoio
Nero
Rosso Ferrari
Beige Tradizione
Cioccolato
Blu Sterling
Carta Da Zucchero
Sabbia
Bordeaux
Iroko
2016 Ferrari 488 GTB Prices and Market Value
The 2016 Ferrari 488 GTB had a starting MSRP of approximately $245,000 when new. Current used market prices typically range from $180,000 to $250,000+, depending on mileage, condition, and options. Depreciation has been moderate for a supercar, holding its value relatively well. Factors affecting resale value include mileage, condition (especially paint and interior), optional equipment (desirable options like carbon fiber trim and racing seats command higher prices), and service history. Low-mileage examples in pristine condition fetch the highest prices.
2016 Ferrari 488 GTB Cost of Ownership
Owning a 2016 Ferrari 488 GTB is undoubtedly costly. Insurance premiums are high due to the vehicle's value and performance. Fuel costs are significant, given its fuel economy. Maintenance, including scheduled services and potential repairs, can be very expensive, particularly when performed at authorized Ferrari dealerships. Long-term ownership costs should be carefully considered, as unexpected repairs can be substantial. This is not an economical vehicle to own.
2016 Ferrari 488 GTB Fuel Efficiency
Fuel Type
Gasoline
Fuel Capacity
51.1 liters
City Mileage
6.68 km/l
Highway Mileage
4.55 km/l
2016 Ferrari 488 GTB Recalls & Defects
Fuel System, Gasoline:delivery:hoses, Lines/Piping, and Fittings
Recall date
2015-12-28
Recall no.
15v881000
Source
NHTSA
Summary
Ferrari North America (Fna) IS Recalling Certain Model Year 2016 488 GTB Vehicles Manufactured September 9, 2015, TO November 6, 2015. THE Affected Vehicles MAY BE Equipped With A Low Pressure Fuel Line Connection That WAS NOT Properly Coated During Manufacturing. This MAY Cause A Fuel Vapor Leak During Engine Start.
Consequence
A Fuel Vapor Leak During Engine Start Increases THE Risk OF A Fire.
Remedy
Ferrari Will Replace THE Low Pressure Fuel Line Assembly Connection, Free OF Charge. Affected Vehicles ARE Located IN Dealer Inventory and Will BE Remedied Before Customer Retail. THE Recall Began ON December 18, 2015. Owners MAY Contact FNA Customer Service AT 1-866-551-2828.
Notes
Owners MAY Also Contact THE National Highway Traffic Safety Administration Vehicle Safety Hotline AT 1-888-327-4236 (Tty 1-800-424-9153), or GO TO Www.safercar.gov.
AIR Bags:frontal:passenger Side:inflator Module
Recall date
2019-01-09
Recall no.
19v006000
Source
NHTSA
Summary
Ferrari North America (Ferrari) IS Recalling Certain 2014 Ferrari California, 2014-2015 Ferrari 458 Italia, 458 Spider, 2014-2016 Ferrari FF, 2014-2017 Ferrari F12, 2015-2018 Ferrari California T, 2015 Ferrari 458 Speciale A, 2016 Ferrari F60 America, 2016-2017 Ferrari F12 Tdf, 2016-2018 Ferrari 488 Gtb, 488 Spider, 2017-2018 Ferrari Gtc4lusso and 2018 Gtc4lusso T Vehicles Nationwide. These Vehicles ARE Equipped With Certain AIR BAG Inflators Assembled AS Part OF THE Passenger Frontal AIR BAG Modules Used AS Original Equipment or Replacement Equipment. IN THE Event OF A Crash Necessitating Deployment OF THE Passenger Frontal AIR Bag, These Inflators MAY Explode DUE TO Propellant Degradation Occurring After Long-term Exposure TO Absolute Humidity and Temperature Cycling.
Consequence
AN Inflator Explosion MAY Result IN Sharp Metal Fragments Striking THE Driver or Other Occupants Resulting IN Serious Injury or Death.
Remedy
Ferrari Will Notify Owners, and Dealers Will Replace THE Passenger Frontal AIR BAG Assembly, Free OF Charge. THE Recall Began March 8, 2019. Owners MAY Contact Ferrari Customer Service AT 1-866-551-2828. Ferrari's Number FOR This Recall IS 65.
Notes
Owners MAY Also Contact THE National Highway Traffic Safety Administration Vehicle Safety Hotline AT 1-888-327-4236 (Tty 1-800-424-9153), or GO TO Www.safercar.gov.
Service Brakes, Hydraulic:foundation Components:disc
Recall date
2018-03-09
Recall no.
18v164000
Source
NHTSA
Summary
Ferrari North America, Inc. (Ferrari) IS Recalling Certain 2016 488 GTB and 488 Spider Vehicles. DUE TO A Software Error, THE Driver MAY NOT BE Warned That THE Brake Discs ARE Critically Worn.
Consequence
IF THE Driver IS NOT Warned About THE Critical Disc Wear, Brake Disc Damage MAY Result, Increasing THE Risk OF A Crash.
Remedy
Ferrari Will Notify Owners, and Dealers Will Update THE Instrument Panel Node Software, Free OF Charge. Owners MAY Contact Ferrari Customer Service AT 1-201-816-2668. Ferrari's Number FOR This Recall IS 64.
Notes
Owners MAY Also Contact THE National Highway Traffic Safety Administration Vehicle Safety Hotline AT 1-888-327-4236 (Tty 1-800-424-9153), or GO TO Www.safercar.gov.
Electrical System:software
Recall date
2018-03-09
Recall no.
18v164000
Source
NHTSA
Summary
Ferrari North America, Inc. (Ferrari) IS Recalling Certain 2016 488 GTB and 488 Spider Vehicles. DUE TO A Software Error, THE Driver MAY NOT BE Warned That THE Brake Discs ARE Critically Worn.
Consequence
IF THE Driver IS NOT Warned About THE Critical Disc Wear, Brake Disc Damage MAY Result, Increasing THE Risk OF A Crash.
Remedy
Ferrari Will Notify Owners, and Dealers Will Update THE Instrument Panel Node Software, Free OF Charge. Owners MAY Contact Ferrari Customer Service AT 1-201-816-2668. Ferrari's Number FOR This Recall IS 64.
Notes
Owners MAY Also Contact THE National Highway Traffic Safety Administration Vehicle Safety Hotline AT 1-888-327-4236 (Tty 1-800-424-9153), or GO TO Www.safercar.gov.
AIR Bags
Recall date
2019-06-04
Recall no.
19v411000
Source
NHTSA
Summary
Ferrari North America, Inc. (Ferrari) IS Recalling Certain 2018 488 Spider, 488 Pista, 2015 458 Speciale A, 2016-2018 488 Gtb, 2015-2017 F12 Berlinetta, 2016 F12 Tdf, and 2016-2018 Carlifornia T Vehicles. THE AIR BAG Electronic Control Unit (Ecu) MAY Malfunction, Possibly Causing THE Non-deployment or Improper Deployment OF THE AIR Bags And/Or Seat Belt Pretensioners.
Consequence
IN THE Event OF A Crash, AIR Bags And/Or Seat Belt Pretensioners That DO NOT Deploy AS Intended CAN Increase THE Risk OF Injury.
Remedy
Ferrari Will Notify Owners, and Dealers Will Replace THE AIR BAG Ecu, Free OF Charge. THE Recall Began August 2, 2019. Owners MAY Contact Ferrari Customer Service AT 1-201-816-2668. Ferrari's Number FOR This Recall IS 70.
Notes
Owners MAY Also Contact THE National Highway Traffic Safety Administration Vehicle Safety Hotline AT 1-888-327-4236 (Tty 1-800-424-9153), or GO TO Www.safercar.gov.
AIR Bags: AIR Bag/Restraint Control Module
Recall date
2019-06-04
Recall no.
19v411000
Source
NHTSA
Summary
Ferrari North America, Inc. (Ferrari) IS Recalling Certain 2018 488 Spider, 488 Pista, 2015 458 Speciale A, 2016-2018 488 Gtb, 2015-2017 F12 Berlinetta, 2016 F12 Tdf, and 2016-2018 Carlifornia T Vehicles. THE AIR BAG Electronic Control Unit (Ecu) MAY Malfunction, Possibly Causing THE Non-deployment or Improper Deployment OF THE AIR Bags And/Or Seat Belt Pretensioners.
Consequence
IN THE Event OF A Crash, AIR Bags And/Or Seat Belt Pretensioners That DO NOT Deploy AS Intended CAN Increase THE Risk OF Injury.
Remedy
Ferrari Will Notify Owners, and Dealers Will Replace THE AIR BAG Ecu, Free OF Charge. THE Recall Began August 2, 2019. Owners MAY Contact Ferrari Customer Service AT 1-201-816-2668. Ferrari's Number FOR This Recall IS 70.
Notes
Owners MAY Also Contact THE National Highway Traffic Safety Administration Vehicle Safety Hotline AT 1-888-327-4236 (Tty 1-800-424-9153), or GO TO Www.safercar.gov.
Service Brakes, Hydraulic
Recall date
2021-10-23
Recall no.
21v833000
Source
NHTSA
Summary
Ferrari North America, Inc. (Ferrari) IS Recalling Certain 2010-2015 458 Italia, 2012-2015 458 Spider, 2014-2015 458 Speciale, 2015 458 Speciale Aperta, 2016-2019 488 Gtb, and 488 Spider Vehicles. THE Brake System MAY Leak Brake Fluid, Resulting IN A Loss OF Braking Ability.
Consequence
Loss OF Braking Ability Increases THE Risk OF A Crash.
Remedy
Dealers Will Replace THE Brake Fluid Reservoir CAP and Update THE Software, AT NO Charge. Owner Notification Letters Were Mailed ON March 4, 2022. Owners MAY Contact Ferrari Customer Service AT 1-201-816-2668. Ferrari's Number FOR This Recall IS 78.
Notes
Owners MAY Also Contact THE National Highway Traffic Safety Administration Vehicle Safety Hotline AT 1-888-327-4236 (Tty 1-800-424-9153), or GO TO Www.nhtsa.gov.
2016 Ferrari 488 GTB Warranty
Basic
Original warranty
0 months / No data
Estimated remaining
Expired
Powertrain
Original warranty
0 months / No data
Estimated remaining
Expired
Rust
Original warranty
0 months / No data
Estimated remaining
Expired
2016 Ferrari 488 GTB Insurance
Insurance for a 2016 Ferrari 488 GTB is moderately priced, reflecting its status as a Coupe with strong safety ratings and
reasonable repair costs.
reasonable repair costs.
How Does the 2016 Ferrari 488 GTB Compare to Other Coupe?
The 2016 Ferrari 488 GTB competes with the McLaren 650S/675LT, Lamborghini Huracan, and Porsche 911 Turbo S. In terms of performance, the 488 GTB offers similar acceleration and top speed to its rivals. The Lamborghini provides a more visceral, raw experience, while the Porsche offers greater everyday usability and (arguably) better reliability. The McLaren arguably offers a slightly more advanced technological experience.
Regarding features, the 488 GTB's infotainment is less advanced than the Porsche's. Reliability-wise, the Porsche generally scores higher. The 488 GTB's price point is similar to the Lamborghini and McLaren when new.
Alternatives depend on priorities. For ultimate usability and reliability, the Porsche 911 Turbo S is a strong contender. For a more dramatic driving experience, the Lamborghini Huracan is a compelling choice. The McLaren offers a unique blend of performance and technology. Ultimately, the Ferrari 488 GTB strikes a fine balance between performance, prestige, and driving pleasure, and whether it is a superior choice comes down to personal preference.
Regarding features, the 488 GTB's infotainment is less advanced than the Porsche's. Reliability-wise, the Porsche generally scores higher. The 488 GTB's price point is similar to the Lamborghini and McLaren when new.
Alternatives depend on priorities. For ultimate usability and reliability, the Porsche 911 Turbo S is a strong contender. For a more dramatic driving experience, the Lamborghini Huracan is a compelling choice. The McLaren offers a unique blend of performance and technology. Ultimately, the Ferrari 488 GTB strikes a fine balance between performance, prestige, and driving pleasure, and whether it is a superior choice comes down to personal preference.
Ranks #320 Coupe
| 1 | 2023 Toyota GR Supra | (0.0★) |
| 2 | 2023 Lexus RC F | (0.0★) |
| 3 | 2011 Honda CR-Z | (5.0★) |
| 4 | 2023 Subaru BRZ | (5.0★) |
| 5 | 2011 Mazda RX-8 | (4.0★) |
| 6 | 2024 BMW 4 Series | (0.0★) |
| 7 | 2022 Mercedes-Benz C-Class | (4.0★) |
| 8 | 2014 Ford Mustang | (5.0★) |
| 9 | 2023 Audi A5 Cabriolet | (0.0★) |
| 10 | 2023 Nissan GT-R | (0.0★) |
| 11 | 2015 Hyundai Veloster | (0.0★) |
| 12 | 2008 Chevrolet Corvette | (5.0★) |
| 320 | 2016 Ferrari 488 GTB | (0.0★) |
Final Verdict: Is the 2016 Ferrari 488 GTB a Good Coupe?
The 2016 Ferrari 488 GTB is ideal for driving enthusiasts who crave exhilarating performance, iconic styling, and the prestige of owning a Ferrari. It's worth buying if you can afford the high ownership costs and appreciate its unique driving experience. Buying used is often a sensible choice, allowing you to save significantly compared to the original MSRP. A pre-purchase inspection by a qualified Ferrari technician is essential. Look for examples with a clean service history and desirable options like carbon fiber trim. Consider the GTB trim; the Spider offers open-air thrills but at a premium.
Cathleen V
Cathleen is an exceptional freelance writer covering hot topics in the automotive world from a gearhead's perspective. Her articles delve into various aspects of automotive technology and history, offering readers detailed insights into engine performance, reliability, and maintenance. Through her engaging and informative writing, Cathleen provides valuable information to automotive enthusiasts and consumers alike, helping them make informed decisions about vehicle maintenance and purchases.