oh well
This should be the "normal" strategy, to mainly avoid people to "reserve" one just to flip the price (have a look on the VIP who got one and are simply reselling them one month latter)! this is my 2 cents
I dont know if thats a good thing. Ferrari is stronger than ever.has top products. I'd like to see more uncompromised f cars. But i dont know if it can be possible.
Sad for flippers. Good for those who want to buy one. Great for Ferrari's bottom line. The amount of money Ferrari has lost over the years by not building to demand is staggering. The idea that increasing production to the productive capacity that Ferrari spent a fortune building 10K per year will make them less coveted is silly. Letting dealers "sell" to friends who use them for 2 months and "sell" them back to the dealer so the dealer can flip and split the profit with the friend instead of sending this money straight to Ferrari's bottom line is pathetic and it's great that Sergio is putting a stake through the heart of that bull ****.
Is it really confirmed that LF production will officially be unlimited? Sure they made more F50s and Enzos than officially stated, and we know they would likely build more than the 500 LFs promised, but last time they officially went unlimited they produced 1,311 cars. With today's market they could easily sell as many LFs, especially given the time. This would crush the value of these cars a-la F40.
IMHO a very worrying development for the brand and whilst I would love an LF, this new tack means I am very happy to wait for a used car and what will now be a depreciating asset.
Time is the only commodity. The time value of owning and enjoying is worth a lot more than what La's will likely depreciate to. This will be a slow reasoned change that will take place over a few years. If you want one I'd put in an order soon as my guess is there's demand for about 800 in total and that will take a while to build. Sergio is a smart guy and he'll manage additional production well. I don't see massive La depreciation although I agree massive La premiums will drop as fast as set of car keys falling from a Lear Jet. Anyone paying what some brokers were asking for a La before the regime change is an idiota.
You have got that right. Your remaining time on the planet is the most precious commodity. I'm almost four years into my Boxer restoration and I am ready to drive.
You may well be correct, and anyone who was dumb enough to buy a turned LF will be in tears, but his most worrying comment was "the waiting list will become too long, and people get tired". That, to me, suggests a complete misunderstanding of the brand. I see an Aston Martin residuals pattern and general approach.
Exactly. 1300+ F40's are doing fine trading for 1MMUSD so 8-900 La's shouldn't be an issue. Demand will be filled. Ferrari will make another 200+million euro profit. What's not to like?
While I am not fond of some aspects of LdM's custodianship of Ferrari, add this to your concerns about Ferrari's future: Do I think they [Ferrari] are essential to the configuration of FCA forever? The answer is no, Marchionne said today. But they represent the best of what a carmaker can be. To me this reads as though Marchione considers Ferrari - the Company - to be a commodity, to be dealt with in whatever manner produces the maximum return for him and FIAT. Kept, managed and milked for FIAT's benefit or sold like a slab of beef if the return is sufficiently attractive. He just doesn't get it. Bean counter. Not as crucial to the world as Putin, Russia and Ukraine, Israel, Hamas and Hezbollah, Iraq, Syria and ISIS. But to those of us who have loved and revered Ferrari, the Company, its cars and its racing heritage, a watershed time and the end of an era. I am not optimistic.
Y'all seem to forget when F40s were trading hands in the $300's. I would be pissed if I had to wait >20 years for my car to come back to its original value after the manufacturer promised a low number and decided to make 3x as many. edit to add: Many of the original buyers probably died before they ever could have realized the appreciation on these cars, if they were to keep them that long.
and with the greatest respect, Craig, you would be foolish. No one made a promise! Sounds like you believe a statement about a company's future intention is a warranty, able to be relied on by purchasers. uh-uh.
Sorry, but they clearly stated they would make only 499 cars. From Ferrari's own website: I am not suggesting or implying that they have warranted or made an enforceable guarantee. However, purchasers clearly rely on the statement that only 499 will be made when they decide to purchase, especially when they pay many hundreds of thousands of dollars over list. I believe you would feel differently if you had purchased a car. This is not legal advice; I am not your attorney; you should consult your own attorney.