296 Values and Used Market

Will be delivered next Saturday. It’s getting front ppf on Monday. Looking very forward to it.

 

Mine shipped yesterday. Will be a long 3 month wait.

 

Congrats man.

Excited for you.

 

Is this another 'Rosso' paint color or something different for this one?

 

lol. Blu Corsa.

 

Blu Corsa was a launch color for the 296 GTS. GREAT choice in that paint color!

 

Yes! For the price…worth it for sure

 

For the 488 also I believe.

 

2 questions if you will -

Which feels more nimble, 296 or Speciale?

Does the Speciale steering have any more feel than the 296 (chassis/tire/road feedback coming through)?

Thanks

 

To me, 296 feels more nimble. Especially at lower speeds and this nimble feeling translates to a bit of perceived instability at 130+.

Speciale is more raw and transmits more feeling.

 

Has anyone done an analysis recently of how many 296s are on the market and how that has changed?

 

Ban this man lol

 

Pretty much agree with the other comment. Going to have to say the 296 has more of that "quick twitch" feel. Speciale makes you feel more connected to the road, stripped out interior contributes to that a lot.

 

just look at preowned.ferrari.com

 

GTB
Prices are dropping around ~3-4% per quarter (USA market). Number of cars on the market has stabilized and is down slightly (unclear how much shadow inventory is unlisted but "available for sale"). 2024 cars seem to be coming to market with more realistic pricing.

In the UK, 296GTB prices have converged on F8 prices. It's plausible something similar will happen in the USA over time. (USA F8 prices are also down over the last quarter though).

GTS
Prices are dropping faster (~6%) and inventory has increased significantly. Price action was lagging the GTB market but seems to be moving faster now that there is more inventory.

 

Iirc looking last week I saw F8 prices parity and above 296 GTB

 

did everything just go up 35%?

New EU reciprocal takes the tariff to 10% + 25% just announced = 35% bump. Effective 4/2

 

Stupid is as stupid does, someone said once.

 

i know i'm freaking out

 

Has anyone read the small print of the tariffs?

If your car is on a boat arriving in April are your “taxes” now 25% more?

What does this do to all the overhang of 296s? I suppose if people back out of new orders and decide to buy used out of the inventory, that could support or maybe even increase current prices.

Can’t imagine a medium spec 296gts selling for $650k - $700k new with all taxes.

 

I have not read the fine print, nor have I stayed in a Holiday Inn Express (or otherwise)

But- if these things are going to go into effect as stated, then Id expect them to be enforced on products arriving at the port from day 1.

 

The Tariff will presumably be assessed on the manufacturer who will then have to either pay it or make arrangements to have their property either returned or housed at a facility until they decide what to do. All of this will cost even more money on top of the tariff. Cluster Fook incoming!

 

Has to have a positive impact on used inventory. I can’t see how it doesn’t. It’s going to bloat the price of buying new beyond all reason.

 

I suspect some of the same car flipping players may emerge once again to soak up current tariff proof inventory for future profit making.

 

Its going to be chaotic