Ferrari prices definitely dropping....

I'm not big on Nietzsche, Strauss or Kubrick but I believe just like Hal predicted failure, Gary nailed it in regards to combustion motors.

"Also sprach Gary Robinson"

-Peter Oh

 

Mudita or schadenfreude?

I know which is more appealing when its publicly displayed.

 

there are so many threads about prices dropping here, who cares? things have slowed and overleveraged people will have fire sales on there junk they could never afford in the firts place, some here would like you to believe F car owners will soon be paying someone to take our cars off our hands as we cant afford to maintain them

 

+1 well said

 

Your analogy doesn't work, HAL predicted failure when there was nothing wrong, HAL itself failed!

 

Bert, your car looks AWESOME!

 

My car isn't frivolous!

I drive it to work! LOL!
Image Unavailable, Please Login

 

in general prices will go down if suply exceeds demand.
I'm pretty sure that the supply is not really growing.
As most owners simply will not sell their car, recession or not

 

Interesting article? http://www.cnbc.com/id/27836875
Erik

 

Supply is rising sharply. Ferrari now has the capacity to build 10K cars a year up from 6K. (California). There are many used Ferraris for sale right now.

As for owners not selling that is simply not true as the yesterday's 250K 599 and 160K F430 Spyder auction sales very clearly show.

It's indisputable fact that prices of 599's and 430 Spyders have fallen 50% from the high tick. Supply has clearly exceeded demand.

 

Not at the moment: http://ferrarichat.com/forum/showthread.php?t=208114

 

Auto Show PR bull****.

http://ferrarichat.com/forum/showthread.php?p=138213828#post138213828

 

I read today that Rolls-Royce is going to cut 2,000 jobs, but cannot find the link. This might be aerospace though, I can't imagine the car side even has 2,000 employees total.

 

Ya think?
How many 08 sales are from cars ordered before the current unpleasantness?

 

I don't think the Tifosi with the 308's have much to worry about because most own them outright and are not upside down in them. Its the newer car guys with the worries. I'm not woried anyway!

Cheers!

 

I may have not been clear in my previous post but i was indeed referring to this group. I'm never looking at the new models as i enjoy my two older ladies just to much

 

Totally agree 308's aren't going down much from here.

 

good post, but one (major?) flaw: you assume that every group stays the same but what if we take into account that people are going to loose their jobs, or close their businesses? Wouldn't they be forced to sell their car toys?

 

That particular 599 is hardly the representative of the 599 market,certainly not with it's "salvage" title and significant miles (comparing to most GTBs offered for sale).

 

Incorrect. It was HAL's human programming that was in error, contradicting mission objectives.

But for all of you praying for 599 values, a quick look at ClassicDriver.com shows a couple of wrong-hand-drive 599s for $229K and $236K. Then there is a nice, black LHD car with 16K miles at Lambo Porrentruy, en Suisse, for $225K. These are the pragmatic dealers. The rest of them are still praying with you.

I regret 599s are not classics yet. They are just really nice, expensive used cars. And like all wonderful cars in this category their values will crash in a serious recession / depression; like Bugattis in the 1930s.

 

Aerospace division affected by delayed commercial aircraft deliveries.

 

I didn't intend to imply that people were in fixed groups, people at the margins will always move around between groups. This categorization was mostly an attempt to identify different behaviors in each segment, whereas many people seemed to be discussing it on a grand scale of the market is up/down. In any case, someone who is forced to sell is arguably in the Leveraged/Not-really wealthy group.

 

Bentley, Ferrari Shun Discounts, See `Deflated' Sales (Update1)

By Greg Bensinger

Nov. 21 (Bloomberg) -- The target customers for the world's priciest luxury cars probably still have $330,000 to plunk down for an Azure sedan from Volkswagen AG's Bentley. Because of the global economic slump, they may not feel like it.

``There's hesitation among buyers because you don't want to appear to have something more than everyone else,'' said Marti Eulberg, chief executive officer of Maserati North America. ``There's no doubt sales are deflated this year.''

Bentley and Lamborghini SpA are among the so-called super- luxury carmakers promoting $100,000-plus models at this week's Los Angeles Auto Show as they work to reverse dwindling U.S. sales. Lamborghini's 15 percent slide matches the industrywide drop; Bentley's 30 percent plunge is twice as large.

Unlike mass-market brands that rely on discounts when showroom traffic flags, these companies say adding cash or financing incentives damages the residual values that are pivotal in winning buyers. Sales won't likely rebound until an improving economy bolsters consumer confidence, they say.

``People who can afford these vehicles can afford them despite the economic climate,'' said Robyn Eckard, a spokeswoman for Kelley Blue Book, which evaluates vehicle pricing. ``It's more a matter of the psychology, their feeling of relative wealth.''

Industry Niche

Companies such as Lamborghini, which unveiled its $221,000 Gallardo LP 560-4 Spyder in Los Angeles, are a niche within a U.S. auto market that averaged 16.8 million annual sales this decade before 2008. Lamborghini sold 657 cars through October.

Now they're mired in the worst U.S. sales year since 1991, with the industrywide total possibly falling to fewer than 14 million vehicles, according to George Pipas, Ford Motor Co.'s sales analyst. Only Fiat SpA's Maserati, up 9.9 percent through October, has added U.S. deliveries.

``Every market has been influenced by the global financial situation,'' Aston Martin CEO Ulrich Bez said in an interview. Global sales for the Gaydon, England-based company's $119,000 V-8 Vantage sports car have declined about 20 percent this year.

Bez said he would encourage his dealers to actively pursue buyers, rather than lure them to showrooms with incentives. U.S. sales are about 30 percent of the total of fewer than 6,000 at closely held Aston Martin.

For Crewe, England-based Bentley, 2009 will be a ``getting- worse kind of year,'' said Stuart McCullough, board member for sales and marketing. ``The market hasn't stabilized yet and we can't predict when it will.''

U.S. sales for Bentley tumbled to 2,333 through October, according to industry-sales tracker Autodata Corp. of Woodcliff Lake, New Jersey.

No Incentive Fix

``This problem was not made in the industry, it's an economic one, and adding incentives won't fix it,'' McCullough said.

Lamborghini, based in Sant'Agata Bolognese, Italy, and Germany's Porsche SE are among automakers betting that new models will help stabilize sales in 2009.

``We have a lot in our pipeline, and we are not changing our strategy because of the global crisis,'' Lamborghini CEO Stephan Winkelmann said in an interview.

Next year, ``the first half will be pretty much the same as we've seen the past few months, but in the second half a recovery should start,'' said Mark Templin, U.S. chief of Toyota Motor Corp.'s Lexus unit. ``And not just Lexus, but the whole luxury market will grow in the second half.''

Lexus remains profitable even as sales fall below last year's U.S. record of 329,177, Templin said.

Staying Profitable

``We were profitable when we were at 200,000 units and we're profitable if we're at 250,000 units. We don't need to sell 300,000 vehicles to make a profit,'' he said. ``We're not going to chase volume with lots of incentives.''

Special offers are more common at the low end of the luxury scale. Automakers such as Bayerische Motoren Werke AG, which makes the $35,600 135i coupe, regularly offers financing incentives on its vehicles in the U.S.

``We don't believe in the long term that incentives, discounts will help you,'' said Klaus Berning, Porsche board member for sales, said in an interview in Los Angeles. ``We will adjust our production to what the demand is and with that we do not create a stock problem with our dealers.''

Maserati's Eulberg said the luxury market would rebound on new products and on renewed confidence among buyers of its vehicles, which cost an average of $125,000. ``2009 is still going to be a tough year,'' she said. ``You just can't will your way to a better market.''

Ferrari dealers are still reporting strong interest in the brand, North American CEO Maurizio Parlato said.

``Our clientele is at the top of the market and so far we aren't hugely affected by the meltdown,'' he said in an interview in Los Angeles. The new $200,000 California sports car should help the Modena, Italy-based company boost 2009 U.S. sales after this year's 2.6 percent decline, he said.

``We sell special cars like they are jewelry,'' Parlato said. ``We have never done incentives.''

To contact the reporter on this story: Greg Bensinger in Los Angeles at [email protected]

 

A perfect F430 blk/blk spyder w/ all the options , a trade in to Bentley BH sold with 5k sold for 160k ,
Manheim Riverside - Post-Sale Results
Year Make Model Subseries Color Drs Cyl Fuel Trans 4x4 EW Radio Top Int Odometer Price
2005 FERRARI F430 BLACK 2 8 Gas A Y D CV L 5,269 $160,000
2000 FERRARI 360 MODENA GREY 2 8 Gas A Y Tape HT L 23,157 $61,000
2002 FERRARI 360 SPIDER YELLOW 2 8 Gas A Y CD CV L 6,978 $94,000
2001 FERRARI 360 SPYDER BLUE 2 8 Gas 6 2 Y CD CV L 10,077 $80,000
2007 FERRARI 599 GTB RED 2 12 Gas T 2 Y CD HT L 6,112 $250,000

Do you seriously think 6,112 miles is significant miles?

 

Hardly broken in!

Darn it, FoH pulled the red/black 456GT off the lot..it was a consgnment the guy gave up....I would have looked good in that!

Mid $50's would have done it....