The 2023 Ferrari Portofino M is a grand touring convertible, evolving from the original Portofino. This two-door hardtop convertible offers Italian styling and performance. Key trims include the standard Portofino and the updated 'M' (Modificata) variant. The pricing range typically falls between $230,000 and $260,000 depending on options. Its retractable hardtop and everyday usability for a Ferrari make it a popular choice.
The Good
The Portofino M provides exhilarating performance with its turbocharged V8 engine. Its stunning Italian design and convertible top offer an emotional appeal. For practical buyers, it offers relatively comfortable grand touring and surprising reliability compared to some rivals, making it a compelling package despite a high initial cost.
The Bad
The Portofino M's rear seats are very small and best suited for children or luggage. Some owners have reported issues with electronic glitches and the infotainment system. Also, while relatively reliable for a Ferrari, maintenance and repairs can be expensive. Be mindful of depreciation, which can be significant.
2023 Ferrari Portofino: Quick Overview
- Engine Options: 3.9L Twin-Turbo V8
- Horsepower: 612 hp (Portofino M)
- Fuel Economy: EPA estimated 16 mpg city / 23 mpg highway (may vary)
- 0-60 mph: Approximately 3.4 seconds
- Towing Capacity: Not applicable (designed as a grand tourer, not for towing)
- Trim-Level Features:
- Portofino (Base): Leather interior, power-adjustable seats, dual-zone climate control, infotainment system with navigation, rearview camera, parking sensors.
- Portofino M (Modificata): Includes all base features plus:
- More aggressive styling
- Revised 8-speed dual-clutch transmission (improved over the standard Portofino)
- Increased horsepower (612 hp vs. previous 591 hp)
- Five-position Manettino dial (adds "Race" mode)
- Available options often include carbon fiber trim, upgraded audio systems (e.g., JBL), advanced driver-assistance systems (ADAS), and personalized interior/exterior colors.
The Portofino M offers a significant performance bump over the base model, with a quicker 0-60 time and a more engaging driving experience due to the upgraded transmission and Race mode. Both trims offer a luxurious and sporty experience but the "M" is the more performance focused option.
2023 Ferrari Portofino Specifications
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Vehicle History Report
What Problems Does the 2023 Ferrari Portofino Have?
While the 2023 Ferrari Portofino M is generally considered more reliable than some previous Ferrari models, there are still potential issues to be aware of. Some owners have reported occasional electronic glitches, particularly with the infotainment system and other onboard electronics. These can range from minor software bugs to more significant system failures requiring dealership attention. Ferrari's complex electronics are often a source of potential problems.
Another area of concern can be the retractable hardtop mechanism. Regular maintenance and careful operation are crucial to prevent issues with its smooth operation. Problems can arise from sensor failures or mechanical wear and tear, leading to costly repairs.
Regarding recalls, it's always advisable to check the National Highway Traffic Safety Administration (NHTSA) website for any outstanding recalls related to the 2023 Portofino M. Recalls can address safety-related defects that need to be rectified by the manufacturer free of charge.
Long-term reliability concerns primarily revolve around the high cost of maintenance and repairs. Ferrari parts and labor are expensive, and even routine maintenance can be a significant expense. Potential buyers should factor this into their ownership budget. The turbochargers are complex components and can be costly to repair or replace if they fail down the road. Older models, particularly pre-"M" versions, had reported issues with the DCT (dual-clutch transmission), which seems to be improved in the Portofino M, however still keep a close eye on it.
Another area of concern can be the retractable hardtop mechanism. Regular maintenance and careful operation are crucial to prevent issues with its smooth operation. Problems can arise from sensor failures or mechanical wear and tear, leading to costly repairs.
Regarding recalls, it's always advisable to check the National Highway Traffic Safety Administration (NHTSA) website for any outstanding recalls related to the 2023 Portofino M. Recalls can address safety-related defects that need to be rectified by the manufacturer free of charge.
Long-term reliability concerns primarily revolve around the high cost of maintenance and repairs. Ferrari parts and labor are expensive, and even routine maintenance can be a significant expense. Potential buyers should factor this into their ownership budget. The turbochargers are complex components and can be costly to repair or replace if they fail down the road. Older models, particularly pre-"M" versions, had reported issues with the DCT (dual-clutch transmission), which seems to be improved in the Portofino M, however still keep a close eye on it.
How long will the 2023 Ferrari Portofino last?
Ferraris, including the Portofino M, are often driven less than typical cars. Many owners use them as weekend or special occasion vehicles. Average annual mileage might be around 3,000-5,000 miles. With proper maintenance, the engine and transmission can last for many years. However, high repair costs and potential electronic issues can make long-term ownership expensive. Key to longevity is adhering to Ferrari's recommended maintenance schedule and addressing any problems promptly. The convertible top mechanism also requires regular attention to ensure smooth operation over time. The interior leather can show wear with time and requires appropriate care.
What Technology & Safety Features are Included?
The 2023 Ferrari Portofino M comes equipped with a central touchscreen infotainment system that controls navigation, audio, and vehicle settings. While the system's interface isn't the most modern, it provides essential functionality. Standard features include Apple CarPlay and Android Auto compatibility. The audio system is adequate but can be upgraded to a premium JBL system for enhanced sound quality.
Driver-assistance features are available as options and can include adaptive cruise control, blind-spot monitoring, lane departure warning, and automatic emergency braking. These features enhance safety and convenience but are not standard on all models. Rear parking sensors and a rearview camera are standard, aiding in maneuvering the vehicle in tight spaces.
Regarding safety, the Portofino M has not been crash-tested by the National Highway Traffic Safety Administration (NHTSA) or the Insurance Institute for Highway Safety (IIHS). This is common for low-volume exotic vehicles. However, it comes with standard safety features such as airbags, anti-lock brakes, and stability control.
Optional features can significantly enhance the Portofino M's tech and safety offerings. These include a front-lift system to avoid scraping the front bumper, carbon-fiber interior trim, and various exterior styling enhancements. The availability of these options depends on the specific model and configuration.
Driver-assistance features are available as options and can include adaptive cruise control, blind-spot monitoring, lane departure warning, and automatic emergency braking. These features enhance safety and convenience but are not standard on all models. Rear parking sensors and a rearview camera are standard, aiding in maneuvering the vehicle in tight spaces.
Regarding safety, the Portofino M has not been crash-tested by the National Highway Traffic Safety Administration (NHTSA) or the Insurance Institute for Highway Safety (IIHS). This is common for low-volume exotic vehicles. However, it comes with standard safety features such as airbags, anti-lock brakes, and stability control.
Optional features can significantly enhance the Portofino M's tech and safety offerings. These include a front-lift system to avoid scraping the front bumper, carbon-fiber interior trim, and various exterior styling enhancements. The availability of these options depends on the specific model and configuration.
What Colors Options are Available?
Exterior Colors
Rosso Corsa
Giallo Modena
Blu Abu Dhabi
Nero
Bianco Avus
Rosso Dino
Grigio Alloy
Argento Nrburgring
Blu Pozzi
Nero Daytona
Interior Colors
Beige Tradizione
Cuoio
Nero
Rosso Ferrari
Carta da Zucchero
Terra Bruciata
Blu Sterling
Iroko
Cioccolato
Bordeaux
2023 Ferrari Portofino Prices and Market Value
The 2023 Ferrari Portofino M had a starting MSRP of around $230,000, with prices easily exceeding $260,000 with options. Used market prices currently range from approximately $190,000 to $240,000 depending on mileage, condition, and options. Depreciation is a factor, as with most luxury vehicles, but the Portofino M tends to hold its value relatively well compared to some rivals. Factors affecting resale value include low mileage, a clean accident history, desirable options, and the presence of the balance of the factory warranty. Unique or rare color combinations may also command a premium.
2023 Ferrari Portofino Cost of Ownership
The 2023 Ferrari Portofino M is a costly vehicle to own. Insurance premiums are high due to the car's value and performance capabilities. Fuel costs are also significant, given its powerful engine and relatively low fuel economy. Maintenance and repair expenses are substantial, with Ferrari parts and labor being premium priced. Long-term ownership requires a considerable financial commitment. It is not an economical choice and owners should budget accordingly for these expenses.
2023 Ferrari Portofino Fuel Efficiency
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2023 Ferrari Portofino Insurance
Insurance for a 2023 Ferrari Portofino is moderately priced, reflecting its status as a Vehicle with strong safety ratings and
reasonable repair costs.
reasonable repair costs.
How Does the 2023 Ferrari Portofino Compare to Other Vehicle?
The 2023 Ferrari Portofino M competes with other high-end convertibles such as the Aston Martin Vantage Roadster, Porsche 911 Turbo S Cabriolet, and Mercedes-AMG SL. In terms of performance, the Portofino M offers comparable acceleration and handling to these rivals. The 911 Turbo S Cabriolet might edge it out in outright speed, while the Vantage offers a more raw driving experience. Feature-wise, these vehicles are all well-equipped, but the Ferrari's infotainment system can feel dated compared to the newer Mercedes-AMG SL.
Reliability is where the Portofino M can be a concern. Porsche 911s generally have a reputation for better reliability than Ferraris. The Aston Martin's reliability can also be questionable. Price-wise, the Portofino M sits in a similar range to the Vantage Roadster and 911 Turbo S Cabriolet. The AMG SL tends to be slightly more affordable.
Alternatives to consider include the McLaren GT, offering a unique blend of performance and comfort, or even a Bentley Continental GT Convertible if luxury is a higher priority. If ultimate performance and usability are paramount, the Porsche 911 Turbo S Cabriolet is a strong contender. The AMG SL offers a modern and tech-filled experience with slightly better value. The Portofino M excels in providing the classic Ferrari experience with a convertible top, but buyers should be prepared for potentially higher running costs.
Reliability is where the Portofino M can be a concern. Porsche 911s generally have a reputation for better reliability than Ferraris. The Aston Martin's reliability can also be questionable. Price-wise, the Portofino M sits in a similar range to the Vantage Roadster and 911 Turbo S Cabriolet. The AMG SL tends to be slightly more affordable.
Alternatives to consider include the McLaren GT, offering a unique blend of performance and comfort, or even a Bentley Continental GT Convertible if luxury is a higher priority. If ultimate performance and usability are paramount, the Porsche 911 Turbo S Cabriolet is a strong contender. The AMG SL offers a modern and tech-filled experience with slightly better value. The Portofino M excels in providing the classic Ferrari experience with a convertible top, but buyers should be prepared for potentially higher running costs.
Ranks #247 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★) |
| 247 | 2023 Ferrari Portofino | (0.0★) |
Final Verdict: Is the 2023 Ferrari Portofino a Good Vehicle?
The 2023 Ferrari Portofino M is ideal for those seeking a stylish and exhilarating grand touring convertible with the iconic Ferrari badge. It's worth buying if you prioritize the emotional appeal of a Ferrari, appreciate open-top driving, and are prepared for the associated running costs. A used Portofino M can offer a more accessible entry point, but a thorough inspection is crucial. The "M" variant is preferable due to its enhanced performance and updated transmission. New or slightly used certified pre-owned models offer the advantage of a warranty and potentially lower risk of early maintenance issues. Consider the Portofino M if you want a Ferrari that can be enjoyed daily and are ready to accept its inherent compromises.
Jovan
Jovan specializes in interpreting vehicle records and making sense of VIN data. With over 10 years of experience in the automotive data industry, his work ensures that every report is clear, accurate, and useful for car buyers.