Thanks.. so if we are in the 4th inning of the meltdown.. where does everyone think the price point will drop to for an '01.. my bet is 65-70K. 3600 cars is quite a large production run. Out of interest does it compare to the TR's Standing by.....
I'm betting on a bit less, but you are very close to the numbers I'm guessing. I'm using this logic. - Mondial T/Mondials ran with less production numbers and get less in value to their 2-seater siblings: Desire that two seater, sexy thing baby - thinking other four/2+2, same as above. - 456's GTs and then the M's were less in number, and YES have issues, especially with the GTs BUT, the 550/575 will always be more in value/price due to the above two reasons: four seaters just seem to not be part of someone's Enzo wet dream. So....in this market, ya' time to pickup a 550/575 or even [I like them] SA....when/if they get to the range you are saying, I'll just bet it'll be near the end of this downturn... However, being no bargains, truly in Ferraris, I'll also bet they come with issues...People selling at fire-side sales, do so because of $$$$$ so, don't expect greatly serviced cars....probably have to sink in a few thou, like major and suspension, motor mounts, and possibly fixin' some pesky tranny or radiator left sitting....geesch, some owners will just put it off and off and off. PS: Don't be surprised that some will come with possible burned out exhaust manifolds...seems to be the new symptom of these guys as they reach their age or engine hour usage. just be lucky they are not older 348/355/Mondial-Ts which require an engine out, and being older would have tons of possible issues, albeit, good engines.
This cycle will shrink Ferrari's TAM (Total Available Market) The % of folks that were buying new cars on "funny" money were not necessarily gear heads and enthusiasts, but bought new Fcars because they could. Ferrari like many just built more cars and thought the good times would never end - they will have to reinvent themselves and/or open up new markets ie, the California (let your wife take the car to get her hair done sort of car). In the mean time the used market won't appeal to the crowd now pushed out and they'll never be quite affordable (referring to all - cost) to the majority of auto enthusiasts. My other humble prediction is the used market will never quite rebound - - again due to the lack of liquidity and major reset to sources of capital. So their will be this great purgatory for high end, tempermental sports cars that will drift downward and sideways for quite some time to come. That said the super Fcars (F40, F50....) and unique/antique versions will always find a market but the high volume generic models will have a hard time.
+1 couldn't have said it better myself.... CA has some nice technical issues, but mix of animals in the looks department: that rear )
I think 3,600 is an estimate. I have 3,715 produced for the 550 including WSR but I nothing to back it up with - it comes from the FL Buyer's Guide. Personally, I don't think it is such a large production run at all - it equates to 675 cars a year. But for a Ferrari V12 it was a succesful model, that's certainly true. Onno
All good replies here. The only thing I'll add that no one has brought up in this thread is how so many finance and leasing companies are going out of business, or at least severely pulling back from the exotic/Ferrari market (Don L., etc) given the global credit crunch. Many of these players had a big role in the run-up in that they financed a lot of people that would not ordinarily be able to get into an F-car. With leasing and financing becoming less available for Ferrari ownership, that is bound to take a good chunk of potential Ferrari buyers out of the market. If things become effectively cash-only in the years ahead, this can only depress values further because there will be fewer sales, more cars will sit for longer, etc etc. Anyhow, that's what I'm seeing and hearing. Happy to get a contrasting view. ketel
I guess you have me on ignore: http://ferrarichat.com/forum/showpost.php?p=138258361&postcount=4 I count 4,109 + as the one year for the converted street cars has no numbers.
I was actually commenting on your post. I was talking about 3,715 for 550 Maranello ONLY - not counting prodrive, GTS and Barchetta. You reported 3,600 + 33 WSR cars from Cavallino. I believe that is derived from a generic "3,600" number where someone then said "wait a minute, were there not 33 WSR cars too?". I just find it a bit difficult to believe the standard 550 production run was exactly 3,600. But as mentioned, I have no records or anything so your guess is as good as mine. What is quite well known, though, is that there are more than 448 Barchettas. There are apparently 3 or 4 cars with #1. Mike Sheehan has reported on this issue. Onno
I guess that is a good point. They do mention conversions so, the number many just be off.... and obviously not on ignore......
Maranello Concessionaires says that 3,083 550 Maranellos were made, 33 World Speed Record Maranellos were made, and that 448 550 Barchettas were made. That brings the grand total to 3,564 - which, when rounded up, comes to 3,600. I'm also very interested in Cavallino's claim of 99928 being a 550. That serial number falls into the 1994 range. Now we've certainly seen Enzos with some out-of-whack serial numbers, but why would a "production" car be given such an odd figure?
The mystery deepens.... Good points. I certainly have never come across any Maranello with a serial number even close to that, I think it is quite unlikely that that number is correct. Onno
Note that the Prodrive cars etc. were converted from standard road cars and are therefore already included in the total for 550 Maranello road cars. Regarding the 550 Barchetta: There were a dozen or so prototypes in addition to the 448 numbered cars and some of these have no doubt ended up sold on to private hands. Jonathan
See this thread: http://www.ferrarichat.com/forum/showthread.php?t=196388 In particular, post #44. Jonathan
Well, not to mention that number 99928 = even, which is a racer, not standard numbering for a typical road car. do you think they did a renumber
Several years ago Ferrari started using both Odd and Even (IIRC, after around #75000). Still might be a wrong #, but not because of being Even.
That's correct. A mate of mine has #120142, and mine is #120139. Could very well have the same manufacturing date... Onno
As Onno has already pointed out, after serial number 74999, Ferrari decided to use all of the following numbers for their road cars. So 75000 (a white Testarossa) was the first Ferrari road car to bear an even serial number (unless you count Dinos). These days, even Challenge and GT3 cars bear full 17-digit VINs. Separate serial number runs are reserved for F1 cars, N-GTs, GT1s, GT2s and GTCs. Onno, can you tell us anything about 120142...? Exterior/interior colors, mileage, etc...? You always have to make it difficult, don't you, John...? Here's what I have (22 worldwide, 13 in the US) - but I only have roughly half of the total 550 production, so I think it would be safe to double this: 115138, 115170 (natural), 115511, 115512, 116064 (Europe), 116094, 116101, 116397 (Europe), 116405, 116682, 116686 (Europe), 116690 (Europe), 116692 (AUS RHD), 116991, 117106, 117112 (Europe), 117423, 117486, 118466 (Europe), 119244, 119545 (Europe), 119564 (Europe). I'm not doing anything this weekend. If you aren't either, let's meet for a drink at the same place we went to the last time. My treat (unless you order Louis XIV).