488 Pista Values

My dealer recently sold a striped Pista almost instantly at I forgot $60k or $80k over msrp. There are almost no inventory lately in the country.


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The reality is the Pista, being one of the most beautiful Ferraris ever made, coupled with its amazing drive and a pure racing engine placed in a consumer car (which won’t happen anymore) places it among the pedigree of automobiles that will certainly appreciate over time.

The inventory nationwide is extremely low and the 2020 models have risen into the 500 plus category. Ferrari nailed it with this car, time will tell how much higher from here.


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Pistas and other exotics will continue to fluctuate as they always have. No one knows to what extent and when. If you are buying to enjoy and keep you will be good in the long term, short term who knows.

 

Crystal ball for sale. $100000 USD. Will settle for $20 CAD.

 

Those who own a Pista predict values will escalate. Those contemplating a purchase expect to see prices stabilize or drop. Those in neither category could not care less.

 

I see people writing things like this in various places....but what happens if the government bans the sale of gasoline to private individuals or states refuse to continue registering them? I see both scenarios as possible.

Value would then be almost $0

 

Highly unlikely

 

Here's my opinion. The current market is unsustainable. Inflation will taper off and prices will return to normalcy for all things including watches, housing and cars. When this happens is unknown but if I was a betting man I'd say 18 months tops. You have to understand most people cannot buy everyday vehicles marked up on a percentage basis well beyond MSRP. Separately, the housing market which is seeing similar parallels to the luxury market is simply out of touch. When supply chain issues wane down and people become more accustomed to hybrid / EV we will see a big shift. I'm taking delivery of a near $500k spec F8 spider in a few months so believe me when I tell you I want it to hold value. But the reality is best case scenario for me years down the road the car will be worth what I paid for it.

 

I used to think that too....but no longer in this climate.

 

Future is too difficult to predict. Whats undeniable is that the current economic climate has pushed Pista prices higher. I own a Pista by the way. To what extent its the economic climate vs how great the car is debatable I guess. Im on the side that thinks prices will taper off as other luxury assets come back in pricing.

 

Revisit this in the year 2027 when it will be completely obvious to everyone that's not currently paying attention and when all of those persons realize what has happened and you simply cannot order a non-hybrid/non-EV Ferrari, the market will be really tight in terms of pre-hybrid cars for sale (since few are being offered due to there simply being no more) and prices will be increased to levels well beyond today's.

 

banning sales of gasoline will likely never occur as there are, just between the USA and Europe, about 600million actively used cars/light trucks. It will take a very long time to "replace" those and unless a suitable material replacement is found, battery production will be the "choke point" for EV production for decades to come which means current "bans" on sales of new gasoline-based cars will be necessarily pushed out and out and out (not to mention if some new stable and suitable battery chemistry does occur to alleviate the choke-point, then you need to look how many decades it will take to get electric grids ramped up to product sufficient amounts of power, etc)

of course, a meteor/asteriod could wipe us all out in 8 years, better enjoy them now!

https://www.esa.int/ESA_Multimedia/Videos/2019/04/Asteroid_impact_2028_Protecting_our_planet

 

That's a very good point. There will ALWAYS be a market for ICE. The market may become 50% ICE / 50% EV but I do not see at least in my lifetime a complete 100% shift to EV. Step outside of the cities we live in and a Tesla is as foreign as a UFO.

 

Values in the long term will go up. big time. I think all the talk of the F8 Pista have been for the most part put to bed. Its becoming more and more apparent that version is not going to happen. Next up we have an SUV, the 296 hybrid and who knows what else.

Pista will do well long term.

 

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Damn are they selling at these prices?

 

In South Florida the luxury car market is booming. Many foreigners particularly from crime ridden LATAM Countries consider it their playground. With travel opening up to more countries recently,the expectation is many will be replenishing their toys (which they keep here)The pain point plagues many who want to consider EVs…..high rise luxury condos are not equipped to handle multiple charging stations. As of last week all three dealers had sold their Pistas. All sold for above MSRP.

 

I hear ya… although I do not have a Pista…I’m in a 488GTB … I’ve put 6k miles on it, owned now for almost 2 years and have been offered from used exotic dealers here in Florida $10k more than I bought it for. It’s tempting me to sell it and see what happens in 18 or so months.

 

This is a very good point and I have often considered this thought.

However I think it could never happen as in years to come the exhausts emissions will be minuscule from enthusiasts driving on the off occasion compared to people commuting every day.

Also, there would be too many people rubbed the wrong way and I don’t think it will ever happen.




May the Horse be with you

 

The only way things will settle down will be if there is a significant jump in interest rates.

You can quite me on that.


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If that happened no problem, I would bring the Pista inside our massive living room and enjoy it as a piece of fine art. One that is not only beautiful but functional, Ferraris best design, arguably, of all time.


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There you go!

Well said!

Supply and demand…. Let’s see when people start keeping these cars locked away and you can’t buy them anymore…. The prices will be mental.


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At least in the U.S., not going to happen in our life times. The BigOil lobby is just too strong.

 

The larger issue is that investment capital is no longer chasing oil (and everything that supports it). In fact, quite the opposite. Due to the addition of ever-increasing draconian governmental regulation/push for "clean and green," the oil lobby struggles to be relevant.

 

Unsolicited advice for the day: I think you would be better off holding for 18 months or so.

 

Im really curious to see how this comment will age. I hope you are right but the forces at play that we have seen in the past 10 months are completely against it. And then you see the big 3 going heavy on EV with their virtue signaling advertisements, you see the IPO for electric cars going crazy and have a mkt cap 2x or 3x than the big 3..I would not be surprised if in 2030 driving ICE is relegated to outside of cities only or at the very least taxed just for the privilege of driving it intra muros.