New 458 Scuderia is coming

This is a very well thought out post. If you run some basic financials on a Ferrari dealership (look at profits not list prices) you realize that they cannot possibly stay in business by simply "taking orders" due to limits on volume -- they must deal in used cars which has the secondary effect of controlling competition from previously sold cars.

 

The car was planned years ago already. A Powerpoint presentation had leaked and showed the Ferrari future models for the next few years and the 458 Scuderia was there.

 

I disagree. Dealers in Europe deal in used cars again, don't rip off new buyers and survive. With the Macca and the 458 the number of cars sold in the US in this segment has increased so much while I can't figure out why there should suddenly be so much more super sportscar buyers.

So my strong hypothesis is that eventually this whole "buy some used ones from me, I'll buy them back and sell them at a premium and then you might get an allocation" will collapse. It'll be no fun for the "what is the appropriate premium for a used spider" buyers and others. Much more cars sold, they'll all come back to the market eventually and drive prices down a lot.

 

If that post is so well thought out, it surely solely applies to the USA. In most parts of the world, main dealers (Ferrari and others) are not allowed to sell their new cars above list price. On top of that, as an example, in most parts of the Middle East, less than 25% of the used F-cars sales goes via the Ferrari dealerships, all others via independent retailers. And trust me though, they have no issue staying in business here!

BTW, what happened to the old fact (in the ROW, that is) that most dealers make their profit in after-sales services, repairs and maintenance? Sure, new F-cars have 7 years warranty now, yet the dealer will still be reimbursed for work done by Ferrari in some sort of way.

 

Your post rests on a false premise that in the US dealers "rip off" buyers while in the rest of the world they don't and faulty logic that "therefore the case of the non-US dealership proves that any dealer can survive selling cars at normal prices". Why in the world would you assume the economics of selling cars in the US are anything like the numbers in the US? On what do you base this assumption?

This actually supports my point that dealers can sell used cars at market prices (there is a willing buyer, this is a free market system right?) but doesn't address the issue of how they would stay in business if they did not...

 

That's Hilarious

 

There will always be a Scuderia..........you just heard some lame false rumor.

 

He's referring to when LdM made a speech that there will be no special light weight edition

 

I always knew that was BS. I am pretty sure LdM said that so people would buy more regular 458 and don't wait on the Scuderia.

 

right on bro

 

I don't see how that's going to happen. There's still more demand for new Ferraris than there are allocations for new Ferraris and the dealers control the allocations. Also there's nothing wrong with this system. Used cars are sold at fair market value. The dealers HAVE to sell the used cars at some sort of amount higher than they paid for them or they'll go out of business. The differences between Ferrari dealers and Mercedes dealers includes that Mercedes dealers don't have the same supply constraints so they don't have the luxury of choosing one customer over another based on whether they can get a trade-in or not. But Ferrari dealer have that as both a luxury and a curse. They have to keep a supply of used cars or they have nothing to sell. A Mercedes dealer could survive nicely of new car sales alone.

I hear a lot of people talking about service as a big business but I imagine most service business at high-end car dealers come from customers whom they've sold the car to. If the Ferrari dealer sell the car to anyone who walks up and that car leaves the area then they likely won't be servicing it.

 

IMO-The biggest threat to Ferrari's Allocation system will be the upcoming Porsche 960
Why ? Because they are hell bent on eclipsing the 458 or equivalents overall performance

 

Also 7 years free service now.

 

The 7 years free maintenance here is very valuable. Almost €35k = USD $46k.

 

I don't see that happening. The Porsche Turbo S already eclipses 458 performance, and costs less, but that isn't hurting Ferrari any. Porsche sells way more cars already.

I'd be happy to see them step up and challenge the 458. I'd also love to see the R8 get prettier, faster and have a retractable hard top as well. Porsche and Audi make great cars! I'm certain that whatever these companies do to compete with Ferrari will mean even better Ferraris as well! Same goes for AMG, McLaren, Lamborghini and all the others.

But Ferrari will continue to be Ferrari and provide a unique product feel while commanding a premium price and degree of exclusivity. That's their business and they're kicking ass at it.

 

Porsche offers different ownership experience than Ferrari. I love both marques, just don't think a mid-engined 458 fighter will do much harm to V8 mid-engine Ferrari sales, like McLaren, R8 V10, 997 Turbo, ZR1 etc... It is interesting that the Cayman is possibly Porsche's best sportscar but also the one with weakest sales...

Will be interesting to see how the new Porsche model will sound (I think that's a key part of a supercar experience that owners/buyers actually don't overlook).

 

Where is "Here"?

I once calculated less than $10k in the US based on what the paperwork says they will do...


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"Here": Europe – Portugal – Lisbon.
10k? I’ve paid almost that for my daughter’s car. It’s an Opel.

 

He's in Portugal

Yes, it's about $10 grand over 7 years in the US.

But it does help with holding up resale values. It makes the cars seem cheaper to own.

 

Do you really only pay 10k, over the 7 years, for a Ferrari car maintenance program?

If that's really true, I'm stupefied.

 

Porsche 911 turbo is apple and oranges.They are working on a 300,000 euro Ferrari fighter
If you think Ferrari are infallible then bless you brother.BTW I bought my first new Ferrari
a 355 for a discount ready to go out of dealer stock in 1996.Few years before that there
where cars sitting in inventory for over a year.It hasn't always been good for Ferrari as it is today

 

I don't think Ferrari are infallible. I think they're executing better than ever and I think they're in a good groove that will continue for a long time.

 

Cool

 

The last service I had was on the 599 in the UK - I seem to recall I paid around €1200 for it. Its not anywhere near $5k, more like $1500 per service.

 

And the 458 and Cali (to name the two I did the math on) are even less and the newer cars have much longer intervals and simply less is done in routine, required maint per the book now.



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