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f355 at manheim yesterday

Discussion in '348/355' started by RossoCorsaItaly, Oct 1, 2008.

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  1. RossoCorsaItaly

    RossoCorsaItaly F1 Rookie
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    #1 RossoCorsaItaly, Oct 1, 2008
    Last edited: Oct 1, 2008
    Since many people seem to think the sky is falling on F355's I was at Dallas Fort Worth Manheim auction. There was a super clean blk/tan 97 6spd with 18k miles that went for $65,900. That's not bad at all for a private dealer wholesale auction. I think that goes to show that the F355's under $60k usually have some story behind them. Clean ones will stil fetch top $ and I would not be surprised to see 360's fall below F355's like the 996's did with the 993's.

    On the other hand there was an 04 360 with 4k miles that struggled to even get bids at $108.

    I would say that retail for a recently serviced 99 F355 with less than 15k miles and no stories is still close to $80,000. Not bad at all for this economy.
     
  2. Keith Imbriglio

    Keith Imbriglio Karting

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    #2 Keith Imbriglio, Oct 1, 2008
    Nice to hear and thanx for the update.
     
  3. jetfixr

    jetfixr Formula 3

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    #3 jetfixr, Oct 1, 2008
    Right now everyone thinks the sky is falling...If they'd get there head out of their a** and not watch Fox / CNN everything would be better...

    Sorry, just stirred up a weasel rant :)
     
  4. bcwawright

    bcwawright F1 Veteran

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    #4 bcwawright, Oct 1, 2008

    Very very true....+1
     
  5. 285ferrari

    285ferrari Two Time F1 World Champ
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    #5 285ferrari, Oct 1, 2008
    Good news
     
  6. James-NZ

    James-NZ F1 Veteran

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    #6 James-NZ, Oct 2, 2008
    +2 Spot on!!!!
     
  7. TRScotty

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    #7 TRScotty, Oct 2, 2008
    Last edited: Oct 2, 2008
    I know the previous owner of that car and he paid closer to $70k for it just 6 weeks ago.

    I feel bad for him because he did get a super clean car with all the records, etc.

    He could not retail it for $72k, so whatever you say retail should be, it seems not to be the case.
     
  8. mwhitesell

    mwhitesell Formula 3

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    #8 mwhitesell, Oct 2, 2008
    So your friend is a dealer who did this? He might need to look for another line of work if he bought it, only tried to sell it for 6 weeks and then dumped it for whatever he could get.
     
  9. RossoCorsaItaly

    RossoCorsaItaly F1 Rookie
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    #9 RossoCorsaItaly, Oct 2, 2008

    Patience is the name of the game, you can't try to sell a speciality car like a Ferrari F355 for 6 weeks and then give up.

    If he had sat on it for 6+ months, tried multiple advertising sources (fchat ads, dupont, eBay, etc), and then gave up I would agree.

    But to give up after 6 weeks....... that doesn't say much about the market just your friends patience
     
  10. 355dreamer

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    #10 355dreamer, Oct 2, 2008
    Spider, GTS, GTB?
     
  11. TRScotty

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    #11 TRScotty, Oct 2, 2008
    It may have been closer to 8 weeks but, in general, I do agree that he did not wait long enough for a profitable sale.

    He thought it would fly out of his warehouse just by using eBay and his own website. I instructed him to get a complete car and advertise it through many avenues. The problem in his case was that he bought an enthusiast's car and not a playboy car (for his market).

    The fact remains, though that he did advertise on his site and eBay with no offers above $60k.

    Sad that such a complete car would go for so little.
     
  12. TRScotty

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    #12 TRScotty, Oct 2, 2008
    Spider
     
  13. TRScotty

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    #13 TRScotty, Oct 2, 2008
    His deal is volume, so it scared him for it to sit 8 weeks with no offers close to his cost.
     
  14. RossoCorsaItaly

    RossoCorsaItaly F1 Rookie
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    #14 RossoCorsaItaly, Oct 2, 2008
    Last edited: Oct 2, 2008
    He bought it on 7/30/08 for $69,000.

    eBay isn't really the best place to sell a Ferrari. You end up having to compete with cars that have stories and it taints the value of your car if you genuinely have a clean car.

    I wish he drove it more, he only put 200 miles on it. But as a dealer if I realize I'm going to take a loss on a car I make sure to at least get some enjoyment out of it before taking it to the auction.
     
  15. TRScotty

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    #15 TRScotty, Oct 2, 2008
    He genuinely had a good car, you should have bought it for $66k :D

    I wish I could have added another to the collection, especially at that price.

    My wife wants a DB9 Volante, so no F355 Spider for her.
     
  16. 285ferrari

    285ferrari Two Time F1 World Champ
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    #16 285ferrari, Oct 2, 2008
    You guys should no better than talk about a 355 w/o the VIN present!!! :D
     
  17. TRScotty

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    #17 TRScotty, Oct 2, 2008
    ZFFXR48A9V0108036
     
  18. RossoCorsaItaly

    RossoCorsaItaly F1 Rookie
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    #18 RossoCorsaItaly, Oct 2, 2008
    I bid $50k on it. Didn't know how desperate the seller was. I don't have the money for another Ferrari right now unless I steal it and can enjoy it for a couple months and flip for profit/break even
     
  19. targanero

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    #19 targanero, Oct 3, 2008
    Patience may be the name of the game, but six months from now this car will certainly be worth less than what it was just auctioned for. He's smart offloading it now considering the economic climate we've just entered. I don't think that 355s have reached bottom yet either.
     
  20. 285ferrari

    285ferrari Two Time F1 World Champ
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    #20 285ferrari, Oct 3, 2008
    Thank you good sir!
     
  21. RossoCorsaItaly

    RossoCorsaItaly F1 Rookie
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    #21 RossoCorsaItaly, Oct 3, 2008
    I think clean F355's will make a rebound next Spring.

    That's just my opinion though.

    The 360 and F430 are going to fall hard but I think the 308-F355 are going to go up in value.
     
  22. TRScotty

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    #22 TRScotty, Oct 3, 2008
    I sure hope you are right.

    Regardless, I love my 355!!!
     
  23. TRScotty

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    #23 TRScotty, Oct 3, 2008
    At least as far as production numbers are concerned, I feel good about my car. There were only 1042 F1 Berlinettas built for the entire world, so there has to be some upside for me down the road!!:)
     

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