599/430 Prices Crashing

Or less.

 

I was just at the dealer, and they told me that Ferrari had shut down production until after the new year, at least. In any event, they don't think they are getting any new Ferraris until spring.

 

Corresponds to my friends data at Mahle in Stuttgart. No pistons required

 

Not happening.
Not yet....

 

Better article.

http://www.bloomberg.com/apps/news?pid=20601093&sid=aIWPCrIsMxkw&refer=spend

But the F clan is smoking something and not sharing...

 

"Better article."


Interesting. Random thoughts:

Bentley built way too many Continental GTs.

Lacking Ferrari's deep base, Lamborghini may truly suffer in the US. I wonder if inventory is accumulating.

Ferrari seems to have managed the 612 production well; it's a fantastic car for the right owner, but there are few "right owners" and it would be easy to over produce (I have one).

Maserati is so underappreciated. The QP and Gran Turismo S are great cars; I put a lot of miles on a prior generation QP and loved it. Sold from Mercedes dealerships, I think they would do much better volume.

I remember seeing newspaper ads touting lease terms for the F40. Brave words don't change the fact that deals will have to be cut.

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

 

Here's another fan favorite from a long time back --

Dale

PS The "B" side of this top 40 hit was "Bang a Gong."

 

Dale

 

What do you all think the long term situation will be on prices? I have a 06 430 Spider, a Stradale, and a 2005 Maserati Spider. I would never sell now because of the huge loss - plus I track them and really enjoy them. I was thinking of selling tem 6 months ago as I saw the prices slipping but just could not bring myself to do it - I enjoy them too much - i just don't talk about the price fall a lot around my wife - it would not enlicit great responses. Anyway, do you all think the prices will come back in the long run?

 

m

 

I saw somewhere on this thread about a Scuderia for about list price. Does nayone have more information on a Scuderia for sale? Please let me know

 

I doubt irrational exuberance will return. May never return, at least not for cars.

 

I remember when 456s and F355s were sitting brand new on showroom floors and selling for less than MSRP...

 

Oh well - you are probably right on prices never returning - in the mean time I'll just drive the wheels off - insurance will be cheaper also

 

get real. those cars will never be worth more than they are today. if you enjoy them, don't worry about it!

what is likely to happen is that the depreciation starts to level out, so averaged over time, you'll lose less per mile. but from a financial standpoint that's probably not a smart way to justify keeping them.

 

No.

But if you're using them and enjoying them, you have the right attitude, IMO.

 

That's the way to go!

On the new cars, I think you're seeing normal depreciation, just accelerated. Thus they aren't likely to back up. However, Ferrari is cutting 430 production in an effort to boost the used market, so maybe I'll be wrong.

 

Holy sh*t.

Edit: Is it only exotics that are going to loose value heavily or other lesser sports cars as well.....?

 

Jim, do you really think the Stradale's will fall that much? So far they have held well in comparison to the 430 Market.

 

I've been watching prices on Pbugs, chili peppers and boxsters are taking it in the shorts. The more they made, the harder they will fall.

 

That's not that much further for them to fall...

http://www.cars.com/go/search/detail.jsp;?tracktype=usedcc&searchType=21&pageNumber=1&numResultsPerPage=50&largeNumResultsPerPage=0&sortorder=descending&sortfield=PRICE+descending&certifiedOnly=false&criteria=K-|E-|M-_72_|B-40000|N-N|R-10000|I-1%2c7|P-PRICE+descending|Q-descending|Z-10110&aff=national&paId=295569286&recnum=63&leadExists=true

 

The fundamental for ALL markets (commodities, consumer goods, services, anything.......) over the next few years:

YOU DON'T WANT TO BE TRYING TO SELL ANYTHING PEOPLE DON"T NEED!!!

For markets to function, you need buyers and sellers to agree on a price and to have a transaction occur. Transactions for non-necessities are increasingly rare with price levels falling. Factory shut-downs are accelerating as inventories are backing-up around the globe. This will impact everything.

Take a look:
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Tony, I think the 360CS will always be a six-figure car.

 

J,

What percentage of NEW F-Cars & L-cars do you think are financed?
I would say over 80% are financed and leased.

In other words under water...

B