alex I think you are right and: the chinese will copy also the TR and other cars to show what they have. the chinese are kings in copying
I think the door has closed on the Chinese markets potential. Thier economy is taking a dip and many there are land banking abroad as a hedge. I still think it will impact prices if restrictions were lifted but not as much as a few years back.
Sam, Im seeing it the other way. Here in America the stock market has been flat so investors are looking for alternative markets to park their money. Their economy going down would send investors to a secondary market like housing, art or ? Thats my theory at least as im in no way familiar with their economics.
I agree. I am one of those who is slowly weening myself away from the equity markets and into alternative investment opportunities.
Christian, I post often in the business section regarding China's economic stability and as of the past couple years, it's been on the downward trajectory (deflation). This is evident in their PMI and wage decline (don't just look at GDP-it's a big facade to encourage.....ahem.... trick more foreign investment into China). It is also reminiscent of Japans rise and fall during the go go 80's. The Japanese were buying real estate, both domestic and abroad, and they were buying up super cars especially new. All this unfortunately came to an end in the late 80's and has not recovered since. I see Japan 2.0 in the works for China and they are following the same trends. I'm not sure if it will end as bad for the Chinese since the dynamics as a little different. One example is that both wealthy and working class Chinese expatriate Renminbi into foreign markets and especially into real estate (US, Canada, Australia). This is the hedging through land banking I was referring to. It's also done for complicated immigration reasons which is irrelevant to the topic. Anyway, to me, it's a clear sign that the Chinese themselves are not all that confident in their own market especially China Real Estate which is not doing too well as of late. This leaves them with few options and vintage Ferraris are not one, at least not for the moment. So if the restrictions on Testarossas are delays any further, then these cars will be competing for less available money down the road. Again, this is my projection for China over the next decade or two. As for the US economy and Stock Markets, we are leading the world and I would not exactly describe it as flat. What I do see is just the natural migration of capital flow, that is, money moves through various investment instruments as a form of diversification. Cars are being pumped not because the market is perceived to be flattening but quite the opposite. Those in the market are simply cashing in gains and placing them into other hard assets as a hedge against a future market decline or inflation. IOW, maybe money is moving into cars because the market is too hot. Image Unavailable, Please Login
I will also add that perceiving new as only better is just not an Asian thing. Even here (USA) it's the same. I would go to a club and you'll always get some hater saying..."oh, that's just an old Lamborghini or Ferrari" They don't realize that my Roadster is worth more than a LP640 lol. It's only in the Ferrari world that we gaga for the older classics. I do speak of mainly younger people though. Is that "newer is better" perception across the age spectrum in Asian culture? Also agreed, it's profits off the table in our markets here. Shamile Freeze. ...Miami Vice!
You got that right. I see 308/328 closely chasing the same price targets as their younger siblings the 360's and possibly the 430's. They will soon enough surpass when the 430's are perceived as "old". On that note, not many 30+ yo F's in the sub $50k anymore. Maybe Mondial and 412's but that's about it.
No probs Christian but I'm an Engineer by profession who spends a lot of spare time trying to understand economies and capital flows. The two disciplines can be worlds apart which keeps me interested. Engineering is a solid science that's governed by physical laws. Economics on the other hand is fluid and more of an art than a science.
That's so funny. I own a manufacturing company that fabricates aluminum handicap ramps that requires a high degree of engineering. I can only watch the financial news as anything else drives me nuts. If it's not based on facts and numbers, I don't want to hear about it. Shamile Freeze. .Miami Vice!
totally - makes sense. economists are usually the worst traders and investors. they tend to get lost in the academic theory - the world as we all know works in ways that defy textbooks.
I read that once too but I think the rationality engineers must adhere to conflicts with the Wall Street style. I do believe psychologists make the best economist since markets tend to follow "herd" like patterns. Elliot Wave is a great approach to this.
...but of course gotta have some fun too... Right now! Super high energy EDM! Shamile Freeze. ..Miami Vice!
Maybe there is a reason they see new is better than old, when you look at their car history Autosoviet: CHINESE CARS Once these cars get spread even more thinly across the globe there will be another jump.
Just to reaffirm the point regarding China's financial health, or lack of it, here is an appropriate article. http://www.zerohedge.com/news/2015-04-05/facing-housing-hard-landing-chinas-propaganda-department-goes-all Now how many of us here in the US were purchasing Ferraris back in 2008/2009? In retrospect it would have been a great time to acquire but as we all remember, liquidity was tight. And this ones for Shamile http://www.zerohedge.com/news/2015-04-04/only-tv-news-report-economy-youll-ever-need Image Unavailable, Please Login
Nooo! The numbers never lie! lol Interesting info on the China dynamics. Looks like our Testarossas aren't going there anytime soon. Well, they sure are up in Europe Shamile Freeze. ..Miami Vice!
That's for sure, still trying to work out what made them go from zero to hero in just 12 months over here...
Chinese Culture: Young guys buy new cars for showing off ; old guys buy vintage car for investment .... many vintage exotic cars had been imported into China/HK from Europe and Japan or even from North America.
Hi Darius, I think that the Chris Harris 512 Youtube video on the /Drive channel , more or less coincided with the leap in prices of this model around the end of 2013..... certainly gave me a push to buy mine. Beautifully produced video with ,of course the obvious Miami vice nod, which always helps! ....almost 700k views so far. I seem to recall that this also came out around the same time as Wolf of Wall Street, which also must have given the 512tr, as well as the Countach a bit of a push. Just a very glamorous car at the end of the day ! BR, Jez
