Depreciation on V-12 vs V-8'S

There are more buyers for the lower price point V8's than the top shelf 599's. So more demand for V8's.

This is even more exacerbated by some pricing indifference for the 599 buyers of new vs slightly used. If one can afford a used 599 then more so than with the V8's you can buy a new one without pause. Of course to some degree that is the case for many V8's purchasers but I'd expect a decent number of used 430 Scuderia purchasers couldn't have comfortably afforded one at sticker. Even more so when you get to regular 430's.

I do think the broader market appeal of the California is helping its shallow decline as well.

My view so YMMV.

 

I remember seeing 599s for 450k and now you can find one for 190k. 430s were fetching 300k+ and now you can buy an 05 for 125k. These are the over MSRP figures. Both of those are about 42% of what they were once going for. I think that the rate of depreciation is pretty similar. Its closer than you might think. It may appear that the V12s drop more because they were more expensive to begin with.

If you want to keep the numbers clean, you can buy a 550 for about 85k. Im not sure what the sticker was but lets say 200k. Again, about 42 percent.

The 42% was completely coincidental btw.

 

The number of years matter (when does the car get to your %? 599 started in 07. 430 started in 05)!

I would disagree with using some "they used to go for" amount rather than their MSRP as the starting point. There is no factual/mathmatical debate that the recent v12's have depreciated more than the v8's at the same age.

As to "why" (which was the question here), its obviously anyone's guess. But, IMHO the v12's are simply too pricey on launch at $100k+ premiums to the v8s (non scud/16M) and have fewer buyers. I too suspect the California might be taking some "GT" demand away from the V12's since its much cheaper and a folding aardtop/spider.

 

Just saw this post (after I posted my lame guesses as to "why"). I think you nailed it.

 

I agree - this is exactly what I was thinking.

Even though depreciation is usually measured as a percentage, afford-ability and desirability are still measured in absolute values.

 

I've always thought the v12s depreciated a bit worse, but only a little bit.

 

Here in Australia.....................V12s depreciate A LOT worse than the V8s!!

 

These are all Dutch prices.

My 550 was €253k when new, in 2000. It is now worth around €65k.

A 360 Modena was €161k, now worth around €70k.

Do V12's depreciate more? All the evidence I've seen - yes they do. If older than 10 years they tend to be worth less than their V8 brethren. Why? I think it is pretty self evident.

People are willing to buy a sportscar of 10 years old but not a luxury GT. Every luxury GT on the planet drops like a brick. The Ferraris are more sporty than most but they are still not what most people have in their heads when they think "Ferrari". In the secondhand market a large percentage also buys the car at least as much for the neighbours as themselves. And the V12 just doesn't have the same "wow" impact on most people. It's a connaisseur's choice and that by definition means it less popular.


Onno