Number of Fcars on Market

With the housing and stock markets going down, it's not uncommon to see nice cars like Ferraris flood the market. There are definitely more on the market this year than last, but nothing to get too crazy about.

As for prices, the 355s are certainly the ones that will feel the softness of the market. Expect a larger than usual decrease in value this year, maybe 15%ish. 360s are also going to see some decrease, but not as much, since they are still a little less "outdated". 348s are holding, and 328s are actually increasing. V12s are holding very well. 456s are soft, but 550s seem to be holding pretty strong.

At least these are my observations. Others might have insight into some private sales that contradict.

 

We track all the cars on the market...and the one thing I can tell you for sure is there is waayyyy more cars listed for sale then dealers have, and thats why certain data`bases keep growing..we track the cars even after they have sold...See, about 2 years ago, it was tuff to discover the true market price on Lamborghini Murcielago's based on the sources that ware avabile to most dealers. Many just relayed on what there gut told them! So I being a numbers guy, decided to hire a full time employee to track the cars market price, and then based on the avg. diffrence between what Lambo's asking is and what they sold for. On avg. a murice had a diffrence between asking price and sold for amount around 2.43% or around $5,000. So the long of the short is we built a very nice database, with vin#'s of almost all the Murcielago's, Diablo's and recently in the last year 360's. And we now we have the asking price of every Murcie, Diablo's and 360 that have been advertised over the last 2 years. We track Dealership, color, and vin#, we pull Autocheck histories on all of them, and have a nice software product, called Car Catalog, that allows to see when a car that is the same, goes to a diffrent dealer, or is offered through some other source, huge miles increases, or miles being offered lower between sources! In the wholesale networks, the guys there always joke with me, because when they have a 360, Diablo, or Murcie pop up, they call me to offer the car, but I always know the car first! So it has became a great value to me as a dealer. Just to understand what is truly moving and for what price, based on industry standards.

We do what we call in house a "asking price index!" Simliar to that of the market letter, but we do year by year break downs, (which gets intresting with MY02's and MY03's) miles break downs, story cars, missing and autocheck alerts, colors, and options. Also we track tax and license information state by state, we can not get your adress but we can see how many have been registared and the tax paid.... Everyday we update new cars, and see if any cars have moved, and if a car like this coupe has been on the market longer then 60 days we call the dealer to see if the car is still there.

I looked at only the 360 Spiders for example and found there has been 54 cars offered on the market over the last 90 days, but basicaly the prices of fallen 2.87% over the last 90 days, take another 2.43% diffrence in asking and true selling number and have the current true market! If anyone would like to see the database for the MY01's only feel free to PM me..and I can fax you a copy....

 

i know there are 1,234,879 360's on the market. Don't know about the other models.

 

I disagree---the 355 is holding a tad steady right now after the last 8 months or so dropping quite a bit. The 360's are taking the biggest hit right now. There were many more made than 355's---probably 6-7K more of them on the street---I have seen 360's with a few problems here and there for as little as $88K...With talks of the replacement to the 430--the 360 will continue to drop... 550's are also dropping quite a bit right now...

 

Thats about right Ferrari makes around 13,000 360's with 40% to US and all 5200 of them are on the market for sale...

 

from what I have researched and seen, the 550 is taking a real dump and might be best bang for the buck. I am now looking for a 360, and think the market for them is also soft and will eventually reward me with a good buy.

Ulf