296 Values and Used Market | Page 104 | FerrariChat

296 Values and Used Market

Discussion in '296' started by Mrwatchdawg, Aug 31, 2023.

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  1. Fortis

    Fortis Formula Junior

    Nov 2, 2019
    785
    Full Name:
    Fortis
    Exactly, zero issues, I will have to check but I think my Purosangue has the indents, I don't see much difference if it indeed has it.
     
    roma1280 likes this.
  2. sm1810

    sm1810 Karting

    May 21, 2009
    95
    Dallas, TX
    roma1280 and Fortis like this.
  3. Fortis

    Fortis Formula Junior

    Nov 2, 2019
    785
    Full Name:
    Fortis
  4. KL runner

    KL runner Formula Junior

    Jul 25, 2023
    730
    Not in US
    You are back . I thought you got banned for trolling and gaslighting. That’s what it said beside your name , banned .

    I had you on ignore but it must have dropped off when you were banned after trolling.

    I will have to hit ignore again , it seems that is the most effective method avoiding you .
     
  5. mkraft3003

    mkraft3003 Formula 3
    Silver Subscribed

    Aug 20, 2016
    2,387
    Tampa, Fl
    Why would you want to avoid them? Isn’t it logical that when you dislike something, that you buy the brand and constantly talk about it??

    I know if I dislike a restaurant, I absolutely will continue to eat there, as I like variety, and I will go on the message boards and constantly complain about it. That will definitely teach them a lesson!!!

    (in case that wasn’t clear that was 100% sarcasm. you are correct that they are just trolling with absolutely nothing to add).
     
    KL runner, LVP488 and sm1810 like this.
  6. Jo Sta7

    Jo Sta7 F1 Veteran
    Rossa Subscribed

    Oct 13, 2015
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    Jon
    I wonder, really, what happens to used Ferrari values and all European exotic values once Tariffs are placed on new cars. Seems inevitable at this point. I’d expect new sales to struggle and the used market to benefit.
     
  7. willcrook

    willcrook F1 Rookie
    Silver Subscribed

    Feb 3, 2009
    2,691
    UK
    presumably the price will be passed on to the customer so 25% increase on all new ferraris? could push a top spec puro for example to near $1m usd

    will absolutely strenghten used values
     
  8. Caeruleus11

    Caeruleus11 F1 World Champ
    Rossa Subscribed

    Jun 11, 2013
    11,606
    I think they are talking about 10% for cars from the EU. So that 500k 296 would now be 550k. My guess is it won’t impact new sales tremendously, but it will have an impact. Probably works out to buyers skipping some carbon fiber options to keep the price down a bit. Pre-owned will continue to be what it is with a gap between the very recent pre owned inventory and the prior generations which feature physical rev counters because its all about what the secondary market prizes. I’d change this analysis if the tariffs were larger.
     
  9. mkraft3003

    mkraft3003 Formula 3
    Silver Subscribed

    Aug 20, 2016
    2,387
    Tampa, Fl
    Don’t think that is the case at all. I think most manufacturers are planning to absorb most of that with lower profits or by buying parts that are cheaper. I doubt anyone will raise prices by 25%. They will probably raise pricing but by maybe 10% which is what we see with most yearly increases.
     
  10. roma1280

    roma1280 F1 Rookie
    Rossa Subscribed

    May 2, 2010
    4,831
    Palm Beach, Roma
    Totally agree with this, new sales will slow and specs will be lighter. I don’t think used cars will benefit at all as people will just assume it is somewhat temporary.

    If tarrifs come in on cars that have already been built but not yet delivered, I’m pretty sure, Ferrari will add 100% of the tariffs to the final tab.
     
  11. Jo Sta7

    Jo Sta7 F1 Veteran
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    Certainly be interesting to see what happens. It already is!
     
  12. willcrook

    willcrook F1 Rookie
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    Feb 3, 2009
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    I agree that there's zero chance Ferrari will absorb the cost themselves
     
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  13. x z8

    x z8 Formula 3

    Nov 22, 2009
    1,200
    Florida
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    Jeffrey
    Eco101 Raising prices reduces demand. Less cars will be sold- all other things being equal (which they rarely are).
     
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  14. Gh21631

    Gh21631 F1 Veteran
    Silver Subscribed

    Feb 24, 2011
    9,145
    East
    I believe new sales will slow. Prices are too high already, another 10%+ becomes a huge uplift to already inflated prices.
     
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  15. 09Scuderia

    09Scuderia F1 Rookie

    Nov 20, 2011
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    Max
    luxury products don't behave by normal rules. And of course this will have a positive effect on pre-owned prices.
     
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  16. rxbg

    rxbg Formula Junior

    Apr 11, 2010
    404
    USA
  17. stevdug

    stevdug Karting
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    Feb 4, 2019
    239
    Tulsa
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    Steve
    The sub 300k GTB in Seattle is gone, unless it resurfaces at another dealer it seems to have sold. 9 GTBs remain on my original list of over 50 cars.
     
  18. KL runner

    KL runner Formula Junior

    Jul 25, 2023
    730
    Not in US
    When did you start the list?
     
  19. stevdug

    stevdug Karting
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    Feb 4, 2019
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    It was June.
     
  20. KL runner

    KL runner Formula Junior

    Jul 25, 2023
    730
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    So it seems like they have found new homes
     
  21. ScottS

    ScottS F1 Rookie
    Owner Rossa Subscribed

    Mar 2, 2004
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    Scott S
    Anymore recent info? Rumor is FNA has a program to support the 296 sales with a lower FFS rate for first time 296 buyers, used only. Anyone else have confirmation?

    Those who have bought or sold, what is the market? I think for a near new 23/24 its like 20% off MSRP
     
  22. Cocoloco

    Cocoloco Formula 3

    Nov 26, 2013
    1,477
    S. how many Ferraris have you bought - have you ever heard of Ferrari EVER doing this.
    Rumor like this alone would be catastrophic when introducing VS.
    My guess is Ferrar reads this forum - jus sayin
    Ferrari is sold out until 2026 - it's a public company.
     
  23. KL runner

    KL runner Formula Junior

    Jul 25, 2023
    730
    Not in US
    Yes 100% correct their recent market update stated they have full order books to end 2026

    read it all here

    https://cdn.ferrari.com/cms/network/media/pdf/2025_02_04%20-%20Ferrari%20-%20FY%202024%20Results%20Presentation.pdf?_gl=1*1693onp*_ga*MTQzODI3NTE3Mi4xNzM5MzE1NDgy*_ga_JM1HT9B412*MTczOTMxNTQ4Mi4xLjEuMTczOTMxNTQ5NS4wLjAuMjA4ODkzMTg3Ng..
     
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  24. roma1280

    roma1280 F1 Rookie
    Rossa Subscribed

    May 2, 2010
    4,831
    Palm Beach, Roma
    Zero miles 2024s GTSs are 25% off msrp wholesale, GTBs worse I think.
     
  25. tontondavid

    tontondavid Karting

    Sep 19, 2022
    101
    Full Name:
    David Leng
    Lol. Where did you get these numbers? Out of a hat?
     

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