The Mondial 3.2 model succeeded the Mondial Quattrovalvole, and was available in both coupe and cabriolet form, being announced concurrently with the 328 series of 2 seat models at the 1985 Frankfurt Salon. The 3.2 in the model title referred purely to the cubic capacity of the engine in litres. When necessary, the 3.2 could turn in the kind of dynamic performance expected of a thoroughbred Ferrari.
This model saw the first change in the body styling, with revised front and rear ends incorporating smooth body colour bumper assemblies, and a radiator grille with front light and radiator grille assemblies that mirrored those of the 328 cousin. These revisions had the effect of producing a more instantly recognisable homogeneous range of eight cylinder models in the Ferrari catalogue.
The main European market Mondial 3.2 coupé models had a tubular chassis with factory type reference F 108 CL 100, which featured a bolted rear sub-frame section, so that the complete engine, transmission and rear suspension assembly could be removed as a single unit, for ease of maintenance.