In 1968 Ferrari replaced the 330 GTS with the 365 GTS spider, a model with a very short life. In less than a year of existence Ferrari built only 20 units of the car, becoming one of the rarest Ferrari of the time.
On the exterior the 365 GTS looked almost identical to the 330 GTS; the exception was made by the omission of the exhaust air outlets on the front wing sides, which were replaced by a trapezoidal black plastic louvre panel close to each trailing corner of the bonnet. Also the "330" logo was replaced with only the "Ferrari" badge.
On the interior Ferrari also added two circular directional demister outlets in the centre of the dash top.
Like most of the Ferrari the 365 GTS was built at the Pininfarina works in Turin, then delivered fully trimmed to Ferrari for fitment of the mechanical components.