| Author |
Message |
Willis Huang (Willis360)
| | Posted on Thursday, November 29, 2001 - 11:41 pm: | |
Hey, as long as they continue to build sexy, high-performance works of art, I don't care how many cars they crank out a year.
I never thought of my 360 as an investment when I ordered it last year. Sure, I could have sold the car for over $220k during the craziness and pocket a tidy profit. But I don't care about the money.
It's all about driving and enjoying the car. Even on a rainy day like today. |
Mark (Study)
| | Posted on Thursday, November 29, 2001 - 11:11 pm: | |
Will Ferrari continue to put out new models as fast as they did in the 90's or did we just see a growth spurt? TR,348,355,456,550,360,F50 seems like a lot of new models for a small company.
( I love it ) Will they do it again in the next 10 years?
I started this thread not to understand if Ferrari was an investment or a money winning or losing venture.
I was more interested in what you guys think of how the business has changed. We know quality is up, and size and comfort are better. And Production because of the size of the factory will always be small. But what else have we learned about Ferrari in the 90's and what will we see next?
But what about the rest? Any ideas. |
J. Grande (Jay)
| | Posted on Thursday, November 29, 2001 - 8:59 pm: | |
You only lose money if you sell. If you are buying as an investment, then you really don't "deserve" to own a Ferrari. If the price goes up...great! If it falls...so what? You've had the priviledge of driving one of the greatest and most sought after cars in the world, nothing can compare to that. |
Kenny Herman (Kennyh)
| | Posted on Thursday, November 29, 2001 - 8:25 am: | |
You must be talking about a c4, because they are really the only corvette that lost its value... Porsches retain there value incredibly- I think Ferraris will to... Ferraris aren't just cars- thats what people don't realize- they are art- thats why they will always be somewhat stable in price. |
Martin (Miami348ts)
| | Posted on Thursday, November 29, 2001 - 7:52 am: | |
I have been buying Ferrari 308s in 1990 for $ 39K. Today these are $25K-$30K. When new they were what $50K. So giving a 15 year old car is worth today still 1/2 of its value from when new, that is a good buy.
Taking a Corvette: Bought new $40K, 5 years later $15K, 10 years later $ 10K and less and 15 years later "how much you pay me to recycle that plastic sh*t.." becasue it is a mass product.
Take a Porsche 911. New $ 60K, 5 years later $ 35K, 10 years later $ 20K, 15 years later $ 15K
another mass product.
Take a Viper or NSX. New $60K, 5 years $ 40K, 10 years $ 25K-30K (NSX, Viper is not that old), not so mass produced vehicle. 15 years who knows-
These are just ball park figures. I find that Ferrari holds its value after about 6-7 years pretty much stable and just slightly decreases on the popular models.
F-40 owners have been hammered lately in price decrease as well. But they lost $100K in a few months.
Its all relative. |
Mark (Study)
| | Posted on Wednesday, November 28, 2001 - 11:20 pm: | |
Looking at the question I just posted... maybe it would make more sence to ask it this way???
Has Ferrari become a two tier car producer? Collectoables like the F40 F50 and F60.
And then expensive sports cars for the rest of us that fall into 8 price slots. Every time a new model comes out (7 years) the old inventory gets moved down one price position.
So maybe the price ranges are constant and the cars will move down each step as new one's replace the top postion?
$225k 390
$180k 380
$140k 370
$110k 360
$80k 355
$55k TR
$30k 348
$15k 308 |
Mark (Study)
| | Posted on Wednesday, November 28, 2001 - 10:59 pm: | |
I wonder if a new line of thinking is needed for how Ferrari's hold value.
Has the old ideas of Ferrari pricing become obsolete?
Until the 1980's Ferrari was a small production toy for the rich. That later went to collectors. Now with 10,000+ cars every ten years and many more exotics adding to this market segment (Viper, NSX, Corvette, P-Cars, BMW M's)
Is the Ferrari of the future a fee falling value like any car? Do I take the list below and just drop if by 25% every so many years?
308 $30k
348 $60k
TR $70k
355 $90k
360 $150k
Will only the F40's F50's and 550 Barchetta still hang on to the old rules of Ferrari increasing value over time like the pre 1970's cars?
I am looking for ideas. What do you all think?
In 10 years or so.. and after the 370 and a 390 come out... will it be normal to see a $30k 1991 TR? (seems odd just to type that). |
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