Pista Prices and Tariffs

Following

 

Since the Pista is long out of production, why would tariff prices have any impact prices of pre-owned Pistas??

 

Exactly.

 

Pista is not new Ferrari, it's a used one.

PS - Was your response written by AI?

 

Really doubt it. Besides, Pista most certainly is NOT a limited model.

 

Did you consider the fact that Ferrari has already greatly increased the base price (and option pricing) of every new model, has it had any downstream affect on pre-owned out of production cars?

Not from what I can tell..812 prices didn't jump, F12 didn't jump, etc when 12c pricing was announced, and ditto for everything else, but everything else is a hybrid (outside Roma) So why would import duties matter? They do not matter one iota.

For instance, if you imported a 1994 F512M from EU, currently paying 2.5% import duty + gas guzzler tax ($7000 more or so), would that make it more 'valuable' than an F512M originally made for the USA (given everything else being same, mileage, condition, etc)? It would not...no one would care at all...

 

@Bkclients

Let's say you are looking for a pre-owned SF90, would it have any impact on the price you would be willing to pay if the car was imported via ship or imported via Air? Ferrari charges $30,000+ for air delivery, would you then be willing to pay more for such a car (presuming the other car is identical in every way except it was shipped via boat) ?

I would think not because that is not a consideration for anyone buying a pre-owned car of any brand, and, for Ferrari, it is not mentioned on the build plate nor is it part of search criteria you can choose from on their pre-owned website.

 

Customers looking for a new Ferrari are not the same customers looking for used Ferraris, I don't think it will have an impact the markets don't really correlate as they traditionally would with low end cars.

 

TL;DR a rising tide lifts all boats

 

True enough…but could the massive price increase of the 12C helped to stabilize pricing for 812?

 

812 prices have held remarkably well to-date.... (for nice examples, of course)

 

That was the case when Ferrari was selling cars at below market value, so new car buyers could flip them for a profit after a year. I'm not so sure that is still the case. 25% of a big number is a still a big number for all but the wealthiest.

 

All cars will get revalued. UP

 

Maybe, prices seem lower than 2 years ago, but, what it seems to have done in the interim is drain 812SF inventory to its lowest levels since production ended...somewhere around 30 currently listed autotrader/cars; now is that due to needing V12 to order a 12C or because prefer the 812 to 12C...

 

I think so.

 

Don't forget at the end of the day... Demand will be linked to price. If the cars get too expensive... The cars will stop selling. Especially when there was nothing to justify it's price increase... Owners won't
Hold out for the 25% if the cars don't sell. They will sell fit maybe 5% more. Because it's all pure profit at that point.

The quickest money to disappear is the false rise . money...

 

Won’t speak for anyone else, but with a $1.3M SF90 XX currently in production, I won’t take the car with a 25% tariff imposed. I know others with orders who feel exactly the same way. While a limited series car, it’s also a hybrid and if current trends with SF90 and 296 values are any indication, the market may not love the XX as much as other recent mid engine VS cars from Maranello.

My 12C spider order has also been called, and I’ll cancel that in favor of keeping my end of the run 812 GTS. At already more than $100K higher than my recently delivered 812, it’s impossible to justify a 12C spider at $925K.

I will likely add a Speciale Aperta instead of the XX, to go along with the Pista spider I just bought.

 

Will Ferrari allow you to cancel the order ?

Think of those that have ordered a F80 an extra 3/4 million

 

Ferrari will lose A LOT of customers and face a myriad of force majeure related suits if they hold people’s money. My dealer has said they’re getting calls constantly about this issue and they acknowledge holding client money will poison the well.

 

With recent proclamations of ending Federal Income Tax, the tariffs may be here to stay, a little bit of cart before the horse but if that occurs, tariffs will not go away.

 

Never let a good crisis go to waste. McLaren Charlotte raised the price 81K last night.

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