I read that potential buyers were concerned about exclusivity, that's why McLaren decided to set the production number to 375. Didn't they also plan originally to build 500 from the F1?
Maybe. But a contrarian view is that they felt it was time to kill the obsession with Ring times, and playing Porsche's game in their backyard.
And they decided this AFTER they ran and saw their times. And AFTER publicly stating they would be the fastest. So contrarian as to not pass even the slightest smell test.
The 'exclusivity' excuse is a nice way of saying they couldn't find 500 buyers. Picture this - McLaren finds 500 interested parties willing to pay a considerable deposit to ensure that they will be able to buy a P1. After talking with a few of their clients they decide that 500 isn't exclusive enough and 375 is a better number - does anyone actually believe that McLaren would turn away 125 mega-rich clients and lose out on ~$150,000,000? If you do then you are incredibly gullible and naive. The original production target for the F1 was 300 cars. This was later reduced to 100 (they must have been concerned about exclusivity? ). In any case, the final number of standard F1 road cars produced was 64, far less than their original target.
Ey modena, now you picture this - McLaren do some research and determine that 375 at almost 900K pound is a great combination to give customers confidence that they will have a more exclusive car than Ferrari's. It is great profit for them also but the investors think why not 500 then. Because winning the confidence of new customers who will pay more for exclusivity is good way to build your company. They feel protected and care for. Remind me again please what is buy/sell price of a F1 on market today? Also, please remind me how many FXX Ferrari sayed they were build and how many they actually build? Actually I think this is too high level of economics and sociologys for you to understand, so please donot try, it will hurt your brain.
Mclaren are an organization in the business of making money. $150M is $150M is $150M. All of the big three would take it if they could. Ferrari will build more than their allotted run for the LF, like every other supercar run they've done. And you can't say that the F40's "overproduction" has hurt its resale value. Sent from my iPhone using Tapatalk
If you think Ron Dennis was being nice to its customer by only building 100 or less F1, it's your brain that doesnt understand things. Also, how many F1 are still owned by their original owners..not many if any. So the F1 might have a very strong market value today but in the early 90s you could buy one for less than MSRP.
now now, lets not be too hard on Giacomo...mesmerizing and fantastically naïve circle talk...entertaining. keep the jabs coming.
We all know that there is more demand for the LF than the 499 Ferrari is building. So Ferrari is stupid to not want to sell say another 100 to 200 LF. Need i say more?
I think one of the primary reason of the decrease in production is to keep their brand/name valuable. For while they're taking a financial hit for not producing 500+ cars they will most likely make it all up by guaranteeing that people will want to spend the premium on their next hypercar.
They intended to make far less of the F40 than they actually did. Lets not assume Ferrari will stick to the 499 for LaFerrari.
That depends. $150M isn't going to make or break the company. They are trying to get revenue up to $700-800M annually. $150M over a year or two, and only once, is rather insignificant in the scope of things. They already have lots of people complaining about depreciation. Lots of companies turn away very well heeled customers. Ferrari turns away very wealthy customers who want an F70 or whatever the next halo car is. Porsche only made a limited number of GT3 RS 4.0s though demand has pushed those prices way way up from what I've seen. It could go either way. It might even be that they don't have time to build another 125 P1s and need to get started on the bigger pictures -- the P13.
first delivery was December '93. Late 90s there were several advertised less than MSRP by quite a bit. You could buy a GTO real cheap in the late 60s. So what? When did market approval become the driving force behind these vehicles? At $3.5 million for a LaFerrari (contract price in at least one market) there's not much upside unless things stay crazy.
Thats my point. The clown from rome mentionned the rise of the value of the F1 as if it was something mclaren had planned. I simply pointed that F1s were not en vogue as they are now for a while despite their very low prod numbers.
True. Bugatti are another good example of how exclusivity and long term residuals don't correlate. What's the target for total Veyron production? 250? And every single owner has taken a giant bath on depreciation...
While we should not assume that for Ferrari, can't we do the same for McLaren? Whatever the chat here on the qty, ring time etc. The P1 is sold out. For McLaren and the P1 owners that is that is a fact and has been announced. However i wont be surprise if someone here posts and say they don't believe that the P1 is sold out. For the record, i love all three brands of cars and if i could buy any of them at European prices and can drive it in Singapore, i will have the pleasure of cracking my head and deciding which one i should buy. Less likely to be a Ferrari as i am not their top customer in Spore. So the choice is between the 918 and the P1.
Probably because they are still producing different variants of it currently. Perhaps in 30 years things may be different.
Me a clown? Hehehe. Amenasce, 'as if'? Engage your brain before put your typing finger in the gear please. What is one reason Ferrari donot say they want to sell 700 LaFerrari? Think. Think hard. Feel better? Or still you are confused? Money is good no?
Do you even understand what I said? You mentionned the F1 value today as an exemple of the advantage of Mclaren's limited production. However the F1 limited prod number at 106 was due to a lack of buyers rather than Ron Dennis caring love for his customers. They wanted to sell 300 of them. They couldnt find 300 buyers so the production was cut short for lack of demand. That is not the same as Ferrari not fulfilling the demand for LaFerraris because they want to keep it exclusive. Hai capito?