Wow. What are the chances? We got a hot tip on a Fauxrarri 308 clone (that uses a Pontiac Fiero chassis and some Ferrarieqse body work) powered by a Caddy V8 and then another tip came through...and I thought...wow, must be the same car. Nope. TWO DIFFERENT CADDY POWERED FIERRARIS AT THE SAME TIME. First up is this 1988 Ferrari 308 Clone offered for $15,450 in Virginia Beach, VA via craigslist. Tip from Rock On!
Another week, another Fiero...But wait, this is not your ordinary Fiero! This one has a lot going for it: 88 suspension redesign, 32v Northstar V8 engine swap and it is a real Mera conversion which was actually sold through Pontiac dealers. With the escalating prices of 308 Ferrari's this 300hp Mera presents a valid counterpoint for those with more modest means. In terms of body kitted Fiero's, the Mera is at the top of the food chain. Find this 1988 Pontiac Fiero for sale in Virginia Beach, VA for $13,840 via craigslist. Tip from Fuel Truck.
Most of the Fierrari out in the wild are obviously kit cars and painted red...but this next example is a shade of LOOK AT ME yellow and shockingly Ferrariesque. Find this 1980 Ferrari 308 GTBi Replica offered for $11,000 in Alhambra, CA via craigslist. Tip from Rock On!
According to the guys on Fiero.net (that is a real site) the MERA (ALL CAPS!) was born in 1987 and sold as a dealer installed (or standalone) kit to transform your plebeian Fiero into a Ferrari 308 lookalike. Today's Fiero doesn't appear to be an original Mera (haha...that sounds funny) but seems to be a good deal if it runs/drives well. Find this 1985 Pontiac Fiero Ferrari Kit offered for $7,000 in SF Bay Area, CA via craigslist. Tip from Rock On!
Take a look at this 1988 Pontiac Fiero Mera here on eBay bidding for $6,140 with auction ending Saturday at 4:38PM Pacific. 
The Holy Grail of Pontiac Fiero family has always been the 1987-88 Mera, a car so shamelessly derivative of the Ferrari 308 that it is almost always painted red with embarrassment. According to Fiero.net, a gentleman by the name of Bob Bracey from Corporate Concepts in Michigan engineered/built the Mera conversion for Pontiac. The total Mera production is 247 and they do show up for sale occasionally, but this appears to be one that has had its engine upgraded to a Northstar V8. Find this 1988 Pontiac Fiero Mera offered for $17,000 buy-it-now here on eBay
located in Orlando, FL.