there have been very few GTS deliveries that would now be past the 6 month hold window.....so difficult to assess where resell is going to be at. And good lord some of the MSRPs are huge on these, thanks to the bump in paint prices.
Id say the replacement will be all electric. If this F80 ‘s exterior design is anything to go by i wouldn’t be holding out any high hopes for any improvement moving forward. It’s likely to get worse unless someone in the Ferrari heirarchy calls it in and axes the current design team.
There are a lot of variables that go into battery degradation, but the good news is that most EVs seem to be lasting longer than expected. And with the chemistry and construction of batteries getting better and better there's good reason to believe that it will be a long time before they will need to be replaced. Possibly as long as 20 years. https://www.torquenews.com/17995/electric-car-battery-degradation-study-suggests-batteries-will-outlast-cars
Wouldn’t think all elec especially now that we see newly all manufacturers reversing course very quickly.
Just got a couple trade numbers for my 415K MSRP 2024 GTB car with 1700 miles on it. It depreciated faster than any Aston, Mclaren or Rover product I've ever had with several buy and trade numbers ranging 105-115K below MSRP in less than 6 months. Ferrari has lost their grip on the market IMO here in the US.
Best to just keep and enjoy, then! So there's a big factor here that will correct itself. Dealers over-allocated the car to flipper type clients in the thought that they'd share in the profits. When the market turned, those clients bailed, and dealers were left with cars. However, allocations are over. Production will cease in some time and the market will normalize. The GTB will stabilize and I think go back up. It's a car you'll lose $100k on in 6 months and I think $120K if kept for 3 years. Which makes more sense from a depreciation standpoint.
With that said, no doubt Ferrari has a big, big problem if I'm wrong and this type of depreciation becomes the norm. YIKES! I'm going to keep my car and sell against the VS when it comes out. I'm prepared to lose $100k or so. Not $200k. But, it is what it is.
In the interest of providing context, these figures I received were from Ferrari dealers. Scenarios where I snag another F-car (812SF, SF90 or low mile F8) or just sell it to a dealer outright. Ideally I would be able to trade the car towards another F-car product for both tax purposes and personal reasons. Right now none of these numbers make sense other than keeping the 296 and enjoying the car.
Agree, and it’s such a great car. I’m 5,000 miles in and love it. Can’t think of anything I would swap for apart from VS.
Yes, you bought at retail (MSRP) and can choose to sell at retail too, maybe $50k loss (not bad) instead of $100k wholesale loss (bad)? That said I don't see prices stabilizing anytime soon and I disagree they will ever go up from here unless major inflation related. Worse case for the 296 is it gets stuck with the Hybrid stigma like plaguing the SF90 right now.
Likely the most accurate perspective. I still couldn’t get one new from the dealer despite having purchased Speciale, 458’s, 488s, TDF and Lusso. Yet streamers got them, and early? F off.
The 296 is a wonderful car but the glitchy tech and the massive depreciation have me desiring something else. I have a Sterrato which I adore and the 296 just sits now days. I find myself grabbing the Lambo keys every single time.
They are hardly a comparison , one is a rebirthed V10 ICE , the other is the future of motoring. Each to their own . The large markets have a problem with depreciation. The value of the car is determined by the last person that has to dump the vehicle for whatever personal reason . Smaller markets do not seem to have the same issues and are not exposed to over supply .
Not a raw nerve at all. You posed a question. I answered and you responded like a 12 year old because you didn't like my answer. Browsing your posts you seem to have quite the habit of it.
There are currently169 296 GTB’s for sale on Cars.com. Yes, he can sell at retail, but only if he’s willing to either wait in line or mark it down.
If dealer is $100k off MSRP, you don't think $50k off retail is reasonable? I think he has a high MSRP too. I'm seeing a range of $340-540k asking.
The sheer number of 296 cars listed for sale is wild. Nashville has 4 Rosso Corsa nearly identical specimens right now. I've never seen that many of the same model at a mid-size dealer like that before. The fact they are all nearly the same spec is even more staggering.
Now now let’s not go there . That is taking things very personally when I simply made an observation. This is a forum of opinion. The fact is the Lamborghini V10 is mechanically identical to an Audi and thus hard to compare to the advanced nature of the 296 even when the 296 has some draw backs in creature comfort operations albeit the new steering wheel has begun to address these. As I said before each to their own
