Is the buy this and get this Carrot disappearing ??

As long as there are buyers. I don't mean that in a pissy way.

Your question is how long will buyers play this game.

With more and more wealth being generated there are more and more buyers. Whether they weather this kind of BS is going to be a cultural trend. But humans do stupid things all the time. For example pay for high end art and diamonds

 

I agree but I think the ones that are really going to feel it is Porsche. Unless there game is electric from here forward. Porsche really screwed their clients the most.

I will also put this into perspective... Rolex makes about a million watches a year and 2ndary market that's a giant multiple. Yet they are worth twice over list

 

disclaimer: dont know anything about collectable watch market.
why would anyone buy a watch, rolex or otherwise, for 2x price when (s)he can walk into any watch store and buy the same&newer watch for 1x price - with a warranty?

 

Because you cant. There are some watches, just like Ferrari, that are only allocated to very good clients or have a wait list. They are limited edition, unique etc..So unless you have a relationship with your watch dealer, or you are a A list celeb, the chances of you walking into a watch store in NY or Singapore or London etc, and walking out with one of these limited edition watches are 0.

 

Because right now you can't.

 

Some aren't even limited edition. It's j

some aren't even limited edition. All Rolex sports watches and stainless steel are selling for over MSRP. They're incredibly difficult to get. I wouldn't call a Rolex Daytona limited edition model. They are produced in limited quantities but it's not like there's a special version of a Daytona that's hard to get every single Daytona is hard to get

 

People buying the regular Ferraris to get a special edition are starting to get bored with the game bc the $ do not add up anymore. Unless we are talking about the really rare and limited stuff (i,e LaFerrari and Monza..), buying a Lusso or Portofino to get an 812 VS or GTS will most likely not be worth it, esp if you do plan on keeping the car for a couple of years. If you do plan on immediately reselling it, you might still make some money. But then Ferrari is supposed to nuke you off their VIP list.

They are simply making way too many special editions cars who are not that special compared to the regular production car for them to be worth 3x or even 2x the msrp,
The regular stuff is now so expensive that the loss you will face the first year will be significant in absolut terms.
There are so many other cars to buy that a lot of people dont even consider Ferrari anymore for their $500k.

 

So what car are they considering at 500k?

 

Singers, Lambos, Mclarens, Ford GT.
Obviously Ferrari is still the #1 in that market, but there are many owners who have stopped caring - either bc the new stuff is just not that exciting or bc they got wronged by Ferrari's VIP list too many times.

 

I’m shocked that you were able to purchase a 355 new and it being in stock at the time. My understanding is that in that era and that model represented the peak of Ferrari exclusivity and the expanse of qualified buyers.

Interesting

 

Singers are so low of production that I don't think they are going to take even one one hundredth of market share.

McLaren is even worse than Ferrari for the way they trewst their customers and they get absolutely destroyed in value with virtually nothing to even pretend to offer in return. And they really don't sell half a million dollar cars. I have had a few 720s and the biggest sticker they had was about 372 for a coupe and 424 for a convertible. Ford GT is also so limited that many people just went out and bought something else. Personally I don't even think Ford is going to build the entire run of Ford GTs as they are too far behind but that's another story all together

 

Ferrari didn't help themselves by allowing dealers to screw those of us actually wanting the cars we were buying (rather than just playing some carrot game that never even entered our minds) with their "list bumping". Many of us left the game right then, without realizing that it was now a Policy Of Gaming The Customer.

One of our locals had two or three successive McLarens before realizing that despite the advancement of each model, his newest became "last years' model" and took the resultant HUGE depreciation hit within just a few months, every time. No more McLarens for him, just on principle - the $$$ was just a small part his play money.

 

thanks.

 

well.. the 348 had the brand new (and some say better) NSX as a competitor.

 

Exotics are like boats in that you never buy new. You let the first guy take the depreciation hit and get the bugs out before you come along.

 

Ferrari only holds value to us old guys. To others they are just another car. The new gen will not put up with the past nonsense. To many others to choose from.

The "exotic" car market is saturated.
.

 

I disagree. Exotic car(s) the term has been over used. Porsche is not exotic. Entry level Ferraris are not going exotic. I.E. all Ferraris that have v8s... Except the 288 gto and the f40. So yes. 458s are not exotics.

Also... Is Ferrari is one of they most recognized brands in the world. Seriously it's top 3. Ferrari has tremendous value.

It's just not the game that everyone loved that you bought and made money. It's a luxury item that depreciates. And now that only leaves wealthy buyers. Not speculators. It has changed the equation and the buying pool.

But Ferrari is still selling more cars than ever before. It isn't dying. It is very very well recognized and valued.

 

I left Porsche after 3 cars because they wouldn’t let me get a GT3 Touring new. I’m taking already a huge financial hit on my 488 Spider and realizing I will need to part with over £100k to get my F8 Spider sometime in the next century for just an incremental upgrade and more power I absolutely don’t need. I decided to stop playing the game. I am dumping the 488 and buying a 458 Spider. The normally aspirated engine is eargasm and can’t be beat. Here’s to us all getting off the mouse wheel.

 

for real..... heck I bought my gold Daytona for well under list and it was new.. from an authorized dealer I think I got 20% off list in the USA....this was about 5 years ago I guess..

 

interesting I got really over Ferrari when they said no to me for a PISTA unless I bought a lusso
even though I have bought many Ferraris new and used .. I will just buy them used if I want one I think I will buy a 458 also.... like the NA engine... On the other hand with Porsche I was easily able to get a GT3Touring the only one my dealer got was offered a gt2RS or GT3RS but I took the GT3 touring slot .... I have many Porsches but only ones I wanted none were bought to qualify for a car etc....nor will I ever do that .... There are to many choices of cars...

 

Ya if anyone has an all stainless steel Rolex Daytona I will give you what you paid for it. Lol.

 

Yes, but why does ANYONE wear a watch today when the phone in your pocket is kept within microseconds of the correct MBS time anywhere on earth.