Only the ask prices but not actual sale price. Better than the GTB but still way down from msrp. Also, very spec dependant.
Where will the bottom be for the SF90 https://bringatrailer.com/listing/2023-ferrari-sf90-stradale-6/ 660k MSRP 480k RNM. Image Unavailable, Please Login
I don't think I've seen a single SF90 do well on BAT. Just not the right avenue to sell one. Well specced cars still move at dealerships, some for more than you'd expect. Depreciation is real, but the sky is not falling.
Yes, they move but do you actually know the sell or transaction price. We all can see the ask, but no one really knows (except at best anecdotally) what the sell price is. At least on BAT we do (or know it did not meet reserve).
Although I suspect BAT shows more of what the cash buyer market is, as compared to dealer transactions that are easier to arrange financing.
CarGurus shows 102 SF90 Stradales with less than 1000 miles on them currently for sale, I'm a bit surprised. Were there that many people trying to buy and flip the car for a quick profit, or has the general malaise of the EV/hybrid marketplace convinced spec buyers and enthusiasts alike to get out now? If I had sprung for one and saw the market turn, I would mentally write off my loss, give in and drive the damn thing, it is easily the most exciting car I have ever driven.
Pretty typical for Ferrari. They are simply not driven to the same extent that Porsche, Lamborghini, McLaren, etc are. I have some working theories on why that is the case. Seems like Ferrari owners are more likely to own multiple high-end sports cars which affects individual seat time. Also, many owners are in the “buy everything” camp in order to qualify for special cars, and in that case, extra miles have a material impact on resale. Ultimately, it’s far more common to see an ultra low mile late model Ferrari than just about any other comparable car.
True. When we had one Ferrari, it was a special occasion car. With multiple cars, they all get lower mileage. For road trips, we generally need more room (dogs etc) which leads to other selections. Even the 911 has more room! So, try as I may, I can only muster 1,000-1,500 miles per year on them.
this and don't underestimate the amount of people who were buying cars just to increase their ranking within Ferrari - something that is on the decline now imo
My neighbor just bought a 2023 SF90 Spider (with less than 500 miles) for his wife. He is a McLaren guy and owns multiple exotics so he’s up to date with the resale market. He paid a little less than $20K over MSRP. I was surprised they are still getting over MSRP on the spiders.
When the salesman at the dealership calls and invites this lowly Portofino punter to test drive an SF90, they aren't selling.
The "Esperienza Ferrari" event I was invited to for the SF90 was openly directed at second hand buyers (the SF90 was already discontinued) - that's an evidence Ferrari was looking for ways to support the market.
yes, the recent similar event I was at had a large amount of resell buyers vs. the typical push towards only clients that buy one of everything new. If that was truly the plan, it’s actually quite smart to try and assist the secondary market to get moving a bit. Eventually those “only new” buyers will vanish if they can’t resell somewhat easily.
Interesting review by Top Gear today for the 12 Cindy vs the new Aston, where they prefer the Aston the first time. During review they noted the decision to soften the 812 successor because the SF90 is so accomplished and rapid is a miss in strategy for the GT car, noting SF90 not a hit given the second hand pricing dynamics. Assume they are referring just to the UK market? USA market isn’t so bad as to call the SF a miss.
You know many guys buy every car to get the special allocations - 599 612 FF Lusso 430 458 488 all went down 100 - 50k per year. Aston Lambo went down even more and almost never had a special track version that went up. SF90 - was going for near 1M - in 10 years let's see where it's at. You may be shocked!
If they prove to be reliable then they will do fine and also if there is a reasonable battery solution outside of warranty otherwise most will be scared of the uncertainty. I'm sure you know many of these cars have had serious issues and even though they might be in the minority it is still a concern.
Taycan sales are down 50%. The natives are getting restless. That may bode well for gas values as manufacturers are forced to continue embracing ICE if they want to make a profit. The EV numbers are killing them.
