Too many Ferraris?

I know this is probably a re-post, but what does everyone make of Ferrari's supposed intent to ramp up production of Ferraris to 10,000 or more annually? If my facts are correct, this would approach HALF of the total Corvettes produced each year.

Seems like if this happens, the Ferrari mystique will be tarnished a good bit, which will hurt future resale.

Thoughts?

 

OH NO!!!! There goes all that mystique!!! Help!!!

Time to buy a Lotus -- they're still hand built in low numbers! lol

 

They're not building 328s or Lussos, what does it matter?

 

With the conclusion of the 2007 Corvette Model Year, the Bowling Green Assembly Plant has released the final production numbers for the year. Corvette production for 2007 totaled an astounding 40,561 Corvettes. This is the most Corvettes produced since the introduction of the C4 model in 1984 and only the sixth time in 54 years that Corvette production crossed the 40,000 unit threshold.

As with the last few years, Corvette owners still prefer Red Corvettes. The two shades of red, Victory and Monterey, combined for 28.9% of total production. However, the single most popular color for the third straight year was Black, accounting for 23.5% of Corvettes. Second place was Victory Red at 16.5% and Machine Silver third at 13.6%.

Atomic Orange, the new color for 2007 that replaced Daytona Sunset Orange Metallic finished at 3,790 Corvettes or 9.3% of production nd more than doubled DSOM's 1,729 units in 2006.

The percentages of Corvettes with orders for the 6-Speed Manual, Paddle Shift Automatic and Z51 6-Speed Manual are relatively unchanged from 2006. I expected to see a decrease in true manual 6-Speeds in favor of the Paddle Shift as it has the Automatic modes, but that was not the case. The MN0 Paddle Shift had an option penetration of 55.3% vs 2006's 56.1%.

Here are the final 2007 Corvette Production Numbers:

Corvettes Produced Amount Percent

Coupes 21,484 53%
Convertibles 10,918 27%
Z06 Hardtops 8,159 20%
_______ _______
Total 40,561 100%



http://www.corvetteblogger.com/index.cfm/2007/6/30/Final-2007-Corvette-Production-Numbers

 

Renaults are also rare, but they just don't do anything for me. If Fcars were more common, I wouldn't like them any less.

 

where did you get that info ?

I imagine they are ramping up to build more cars for China & India

I heard they designed a car specifically for the Chinese market

 

speak for yourself

to my thinking, since the start of montezemolo's reign, the marque stopped being niche and rare, now ferraris are a symbol of social status and performance. that's because it's more beneficial. now if you want something rare you'd choose pagani or koenigsegg, that's how they're masking their lack of quality

 

That's why I went to the Audi R8 -- only 145 imported this year, fewer than 200 slated for next year! Too many Ferraris and Lambos out here in SoCal!
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Do you guys think the smaller hand built stuff will get more popular? Spyker, Pagani, Fisker, etc.

 

Look at the classic American blunder known as Harley Davidson. They used to have a waiting list for all new bikes and a nice healthy aftermarket, then they got the idea to ramp up production, while maintaing the ridiculously high price, and now they have KILLED the entire re-sale market for older bikes, and yes even customs, and you can actually walk in a shop and it is FULL of brand new bikes and you can just about steal one to get it off of their floor-plan that they are paying on because they aren't moving... So Ferrari - Beware...

Oh and where I get the info, Family friends own a Harley dealership, I worked there for years on and off, and I have seen it first hand from 1982 until present, and I won't buy one of these bikes again...

 

I agree with this assessment.
Ferrari should not increase production at a rate any faster than the market population is growing.
Exclusivity is the hallmark of the brand.
What else could it be?
BT

 

Good comments. Your theory is true and it is slowly happening to Ferrari. Especially since they've had this boring 360/430 body style for 10 years now. The resale value of a 360/430 car in the year 2015 will be in the 60$ range at this pace.

 

Yes! Horacio's got a good thing going!

 

Do most of you buy new or pre-owned cars?

 

if you've ever seen a pagani up close, and w the deck lids up,

the quality is breathtaking

it is a work of art
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Stunning.

 

Nobody knows for sure but I think the increased production along with the big price increase plus the reqd. options plus the required one year buy back will slow things down. What do I know?? I just bought one with all those conditions.

 

Very nice!

 

some Fcars are just plain boring, 550,612,599... thru they are fast and full of technologie but they lack that supercar look and exotic design that put Ferrari here in the first place, sorry but when the 308/328 came out they was nothing out there that look like it...then came the boxer, testarossa and people started to dream...I thing the designs right now are too conservative...
They look like they are mass produced...same goes for Maserati...Nice cars, but again they are a lot a nice cars out there too.
I think that the design and look of Fcars has a lot to do with why we buy them.Sold my 512tr, looked at a 550...just couldn't do it and as fast as it was it didn't give me the feeling the 512tr did...bought a 456 and now I miss the 512tr even more.I guess I' ll just keep on blaming the kids...

 

Wait a minute. I saw this car going out the gate in Coto the other day; could it be the same one?

 

I think comparing Ferrari to Harley Davidson is like comparing apples and oranges. The great unwashed masses can afford a $25K new Harley. This is much different than a $300K new Ferrari.

 

No offense....but you can have it....saw one up close and wasn't that impressed!!...Not anywhere near the F car , even if they make 3 a year

 

True. I saw a 365 Boxer on the road yesterday. 20 years from now, maybe I'll see another one. And I've seen one 328 in the last year, other than at Concorso.

I think many would agree Ferrari's golden age is over, although we'd all differ as to the cutoff date (I'd say the F40 closed the door and turned off the lights...)

I agree with others that the Harley/Ferrari comparison isn't completely appropriate, but I am starting to think there are too many, starting with the 360/430. The market is already full of resale 360s, and if they crank out 10,000 cars a year secondhand prices for those 360/430s are going to go off a cliff.

You could argue that demand worldwide warrants more cars, but I'm starting to feel the proper business move would be to raise prices enough to bring them in line with market demand and keep production fairly steady. Ferrari has taken it for granted that all its past cars become valuable collectibles. I don't think a Ferrari badge automatically makes that true any more. If prices fall too far for older Ferraris, that tradition of going from new to classic is going to be in jeopardy.

 

The F40 was definitely the end of an era. It was a true pinnacle, the peak of the "exotic" car era, and "the closest thing to a race car for the road" that anyone could imagine.

It was followed by the 1990s, where owning a sports car meant a man was "insecure", the Japanese matched the performance of many recent exotic cars for a fraction of the price, a generation of young men and women came of age not knowing or caring how to check their oil, sedans began being called sports cars (WTF?!?), and automobile styling turned to nondescript jello-blobs.

As Al Pacino said in Scent of a Woman, ~"The 80s are over, you know; these things aren't exactly flying out the door!"

 

I think that Ferrari can increase their production only few hundred cars per year, if they use their actual plants.
In this case the market and the after-market will not be affected.
_Another way is IF Ferrari will use the Maserati plants - that seems to have capacity - in this case their
production can increase a lot....
But I think it will depends to which new CARS they will want to produce.
When will we see the new models ?
ciao
Alex