Compact isn't a word usually used to describe a Ferrari, but that is the best word to describe this 1965 ASA 1000 GT. While this car was built by ASA, this car was commissioned by Ferrari and made extensive use of Ferrari technology. This beautiful example has been in storage for the past 15 years, but is now being offered here on eBay.
In the late '50s and early '60s compact cars were gaining in popularity, which influenced Enzo Ferrari to decide the company needed to build a small bore sports car to compete in the compact market. The job of production was outsourced to Autocostruzioni Società per Azioni, or ASA for short. The body was styled by Giorgetto Giugiaro, while he worked at Bertone. And Giotto Bizzarrini was brought in to assist with the development of the 1000 GT’s chassis.
The 1000 GT is powered by a 1.0 liter 4 cylinder that is literally one thirds of Ferrari Colombo V12. Two large Weber side draft carburetors were used to feed fuel and air, allowing this motor to produce 97 hp. The engine wasn't the only thing borrowed from Ferrari. The disc brakes are 250 GTE units and the chassis and suspension are said to be modeled after the 250 GTO.
The interior is well appointed and is very similar to the 250 GT, only smaller. This car was restored to its current condition about 20 years ago, but still looks fantastic inside and out. There were only about 75 of these 1000 GTs built and less than half were sent our way.
This beautifully designed car is nearly as rare as the Ferrari 250 GT, and while the seller is asking $119,000, is a fraction of the cost. The demand for the 1000 GT is on the rise, but we think the seller is a bit optimistic, as these car typically trade hands for less than $100,000.