Would you decline delivery of your Ferrari if there is a tariff (US buyers)?

Will used car prices raise then?

 

Trump just announced reciprocal tariffs start April 2 for every country/all goods. EU currently charges 10% automobile tariff, if that remains, then US Import Tariff will go from 2.5% to 10%, so, does not look like 25% will occur on EU car imports...but definitely 10% unless EU modifies.

 

And in situations where our tariffs are higher, like imported trucks where we charge 25%? Reciprocity sounds good in theory, but behind the curtains you find out most of these situations are very complicated and a lot of horse trading went on to arrive at these rates to protect favored industries in both countries. The assumption in his proposal is that the US is always the lowest tariff, which it most certainly is not.

 

What about UK? They are not EU.

 

i'll believe it when I see it with the EU - his battle vs them as only just started

 

Of course UK closely follows EU (so I imagine its tariff levels are identical though did not review), so imports to USA will be changed to follow same UK tariff levels for its imports from USA, at least that appears to be the plan with reciprocal tariffs

 

Indeed, time will tell all....stay tuned

 

A 10-25% more Valhalla and Valkyrie isn’t going to fly. That’s for sure.

 

This tariff is not so great for buying F80s retail in the US, but delivery on the car is far out enough that it is likely to be settled by then.

 

Japan has 0% import tax on cars. I doubt the US will drop to 0% from 2.5% for Japan. They'll probably point at Japan's sales tax (consumption tax) of 10% and ignore individual US state sales taxes that are equivalent and use that. At this point I rather buy a Speciale in Tokyo and keep it stored and maintained there indefinitely than support this fake US economy.

 

Fake economy, they are all fake now-a-days...Japan in the extreme, but if you enjoy travelling back and forth through 12+ timezones just to a drive a car you have way more dedication than most

 

Actually they will honor the price because they are not responsible for paying the import duty.

 

I'm sure it's been said but this will be good for used Ferrari market. Good for current owners anyway.

 

The sporadic nature of the tariffs is what’s not going to fly. Some of these markets would absorb the burden if there was an expectation that tariff would remain baked into the price of a car here. When it’s on again off again it’s just robbing the consumer and impossible to trust. This isn’t dissimilar from the covid supply chain disruption coupled with demand changes and spike in prices. The guys who paid surge pricing for cars and didn’t retrade before values reset are totally buried now. That’s what’ll happen if you pay a tariff now too since it’s so likely to randomly go away sooner than later. It’s a total chaotic mess, that’s for sure.

 

I just bought an 812 GTS and am now buying a 296 to preempt any tariffs. If they hit- I’m done buying cars for a while. Great for the world economy.

 

I can't imagine being in the import biz. Zig or zag. Whatcha gonna do?

 

A lot of our clients on both in as well as outbound products are searching for alternative routing as a solution. Reassembly domestically or in a friendly abroad is another solution for some. Others still are looking at reinsurance options to deal with the tariff uncertainty. Part of the issue is that nobody in charge is clear on what’s effected and what constitutes “made in” or “assembled in” versus “product of”. It’s a **** show no matter how you cut it.

 

I wish I knew what the game plan is, or if there is a game plan.

 

For everyone else who would decline delivery if a 25% tariff charge is added, what would you do?

Would you simply decline to take delivery?

Would you purchase a used Ferrari from the dealer?

Would you place a deposit on a new car and hope the tariff situation is gone in 2 years?

 

I have three on order now. One coming in a month or so. That would be declined regardless of the deposit (which is currently refundable). The others, I would wait but I suspect my dealer would not give me the free option to wait to decline later when there is more visibility and will want to sizable non refundable deposits. So I suspect all three would go. I would not buy a used one as those prices would adjust and when tariff issue is resolved they would adjust again as there would likely be a ton on new cars on the market. I would be happy with what I have and wait until we have some certainty. And besides, I have lost so much money in the last three weeks I would not want to sell and realize those losses.

 

I just spec a 12 cilindri spider a week ago but dealer would not email me buyer's order and final price because of ongoing tariff war and possible price hikes. I would be willing to pay 10% (actual 7.5%) increase but 25 % will most likely walk away

 

If you decline though, it doesn’t seem like they would let you order new ever again. At least, that’s the threat.
I won’t accept my pending order at +25%. It would be the end of my new car ordering days. Classics and collectibles from here on out, I guess.

 

According to Vigna, Ferrari is studying "scenarios planning" (whatever it means) to react to tariffs.

 

Could they ship to Canada and then let a US buyer drive it home?

 

Could they start building in America and we get no tariffs AND competent no orange peel paint stickies for the first time?