488 Pistas selling for less than MSRP...

Crap, you are right on all those points. sorry guys.

 

Maybe his allowance won't cut it?

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Considering how much he has offended many of us, I think it fits well.

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I hope not but every day more signs point to it getting worse, now the Wall Street Journal is not saying "Coronavirus Projected to Trigger Worst Economic Downturn Since 1940s - Congressional Budget Office says federal budget deficit could reach $3.7 trillion by end of fiscal year'

https://www.wsj.com/articles/coronavirus-projected-to-trigger-worst-economic-downturn-since-1940s-11587765028

 

It’s going to get ugly and mostly from government over reaction and awful handling of situations.

 

The Pista is not following the Speciale curve.... for 5 years the Speciale was always above MSRP. Some still are asking above MSRP.
Pistas are already at or below MSRP.
Some Pistas are already at Speciale prices.
Speciales never sunk to Scud levels.


Sent from my 16M

 

Well, when you have the worst economic conditions likely in the history of the country, prices tend to go down.

 

SO FAR... in Germany the number of Pistas for sale is not increasing and prices are still slightly above MRP.

SO FAR... no value crash due to COVID-19, same prices as before but even the cheapest cars don't move.

 

£140k in the UK

 

I'm hopeful if not all the people at least most of them are hired back after lock down

 

Hopefully it's scare mongering, it always looks darkest before the light at the end of the tunnel, I'm sure we will have an idea in 6 to 8 weeks when Europe starts to reopen but, everything seems far from certain

 

Mclaren seems to have taken more wild hits in the UK than abroad

 

I think most of us know the government do not have all that gold reserve to back up all the money they just printed. I am worried about the aftermath of all these stimulus package that the government just printed from air.

 

that's sad because Ferrari definitely needs more competitors in the market to feel the urge to improve themselves. McL is a great competitor and I hope they do okay.

 

Tell me about it. Injection of light and disinfectant is absolutely flooring everyone, regardless of political party. Even Fox news tells people to stop trying.

 

I have not seen much movement from dealers--yet. Yes there are a few more Pista on the market here and there, but dealers are giving discounts in line with before Wuhan China-19 pandemic and acting as arrogant as ever. I still think the bottom side lies ahead for exotic market as whole--who knows.

 

Overblown like everything else with this virus.

 

Same here.

Cars aren’t selling, but prices aren’t budging. They’re staying at pre-pandemic levels, despite all the news and widespread financial downturn trends and predictions. That defies logic.

I attribute that to reality that hasn’t sinked in yet. Some economic agents still believe this is just a pause in everyday life, and once health restrictions are lifted, everything will go back to normal immediately as if by magic, as if this was just a health matter, with no ramifications/impacts to other areas of life.

Prices (asking prices that is!!!) aren’t budging now, but cars aren’t selling either. My guess is it’s ok for people who put their car for sale a couple of months ago. But come Q4 and the car is still sitting, owners won’t find it funny anymore to have that money sitting still without being able to move on, even if they don’t care about money, because it’s just not smart.

The way I see it, you either lower your asking price now and increase your odds of selling, or you lower it later just to try to sell it one day, period. Now or down the road, prices will come down. It’s a buyer’s market. It’s just a question of how fast and smart you’ll be able to be in order to sell and make your money rotate, because there’s zero chance any cars will sell for pre-pandemic prices in a post-pandemic world.

My two cents anyway. If I could predict everything, I’d be a zillionaire witch.

Kind regards,

Nuno.

 

There are plenty of people buying cars, maybe not at the pace of the last few years but that is expected. just look at all the threads of people who are still buying cars on Fchat. Everyone needs to calm down and stop predicting the demise of everything. The economy was pretty strong before this and will bounce back. Most people I know are busier than ever.

 

Yes sir, I agree wholeheartedly. Regardless of how we’ll come out of this, there’s a lot of money to be made right now. The proverbial and my personal favorite “buy & hold”.

Kind regards,

Nuno.

 

I would agree that people are buying. Plenty incoming on all forums as people are restless with China-19 BS. I honestly thought there would be more of a dip in pricing (across brands)--I was wrong. Dealers I know, even though many having to work remote, are selling plenty.

Still hunting for something for summer, but expectation a steal is quickly diminishing.

 

If you listen to Trump's full comment, he at no time suggested that disinfectant or Clorox be ingested or injected. He actually turned to his medical experts who had just commented on the efficacy of UV light, isopropyl alcohol and disinfectant in killing the virus, and asked if it was possible that an injection of disinfectant would be possible. Naturally, the MSM completely distorted his inquiry and reported it as him advising to inject or drink Clorox.

 

Skip to the 16 minute mark. .

 

The expected consequences of the pandemic have defied logic. Why has the stock market recovered when the ecnomy is virtually shut down? Why are high price luxury commodities remaining relatively stable? It appears to be adhering to the Constanza doctrine- follow the course opposite to that dictated by reason.

 

US and Europe may also be different - almost the whole Europe has been put on hold, in many countries it is virtually impossible to go and buy a car now ; so the asked prices are meaningless anyway. The big test will be early May when businesses will re-open in most countries, then we'll begin to see where the market is going.
Logically car prices should drop, because some incentive will be needed to convince people to buy cars - if one has cash, it's probably more sensible to buy stocks discounted by 40% than a car at the same price as before.