In the US, the black car will sell for over USD400k (£320k) very quickly.
I think that prob a £270-280k list car. No exterior carbon. You can see a photo of the spec plate.I guess dealer would let it go for £230-240k … lots of GTBs around so buyers market really. I think some dealers told buyers they should buy the GTB first and then roll into a GTS. Also my dealer (London) tells me that 60% of cars are financed and Ferrari finance rates are +10%! (Apparently Used to be 80% financed (!) when rate were lower which I was still amazed given these are Ferraris not Teslas).
https://www.lodgemotor.co.uk/stock/used-vehicles-in-hampshire?sortOrder=&term=60&deposit=&annualmileage=8000&make=fd25bc2d-96d3-49a6-b839-a09b00e6b7d9&model=2d04eb51-5be4-4116-8c37-b07000c3053f&pricerange=0%2C241000&budgetrange=false&version=&odometerrange=&enginesizerange=&fueltype=&Transmission=&bodytype=&seats=&color= another one here at £239k, 400 miles on the clock options attached Image Unavailable, Please Login
The options come to just over £30k so that Nero DS car at Romans is just under £21k behind list. There are cars out there with better spec's and larger discounts than this one.
Because the Russian oligarchs, which are a very large part of the UK market, are no longer allowed and the Arab spring hasn’t started yet.
In Europe, from December 15th on, all sales will stop, the Roma is until then the only car you can order. 2024 will be a production year for Ferrari with apparently only 1 new car, successor of the 812 to be presented beginning of the 2024 GP season.
Which fantasy news channel are you watching that is telling you Russian oligarchs are a large part of the market for Ferraris in the UK?? That is just nonsense. The Arabs fly their cars over to London for the summer so they aren't prime customers here either. The reason for the fall in values is far less exciting I'm afraid. With the vast majority of these cars purchased both new and used with a high percentage of finance, the market tends to react when lenders' rates are hitting 12%. Used buyers are simply staying away from dealerships as these toys are too expensive for many of them now that normal levels of depreciation have returned and there is no longer the opportunity to run them for 6-12 months and get all of your money back. There are a higher than normal number of 296 GTB's on the market at present as the majority of the first owners had to take these cars to get an early 296 GTS allocation. Now that the GTS deliveries have started in reasonable numbers they have traded their coupes back and dealers have put them into the market. There are also some examples that are cancelled orders due to the buyer experiencing a change in circumstances due to the economy. You can then add in cars where the owner is getting cold feet after seeing the price dips and are trying to get out as they fear a crash in values. It's just a normal down swing that will sort itself out over time. Porsche are potentially facing a much larger problem here.
Just one data point. https://bringatrailer.com/listing/2023-ferrari-296gtb/ MSRP 373k RNM 311k *Caveat -- Canadian car.
Another 296 GTB was subsequently posted for auction located in the U.S; might prove a better gauge of prevailing prices. Let’s see. Image Unavailable, Please Login
Totally right.... it's a very difficult market....although we could say it is now a normalised market following years of abnormally low interest rates. I have delayed my GTS delivery due to this. Ferrari need to make sure they control the market, and the only way they can do this at the moment is with production numbers - so I would imagine these will be slowed down next year. The other issue is the lower the price of the 296 goes on the secondary market, the knock on to the F8 used price is huge which is not great for the dealers either.
https://www.austinowen.com/used-ferrari-296-london-essex-5662343 £228k, cheapest car we've seen idk what list would be with this options Image Unavailable, Please Login
Can’t speak to the UK market, but there are 22 2023 296 GTB’s for sale on Cars.com…and most of the listings are from Ferrari Dealers. I’m assuming these are customers who are trading them in as their GTS’ become available, but that strikes me as a lot for sale.
for reference: 2019 our then new Pista was $424k. We sold the car the same year through the dealer for $550k. At the time, that was the market. Next, it sells on BAT for $485k. Pistas have seem to have found their floor in that range on up. I have seen many sell for around $550k. Point being, interest rates are falling, worry of a recession is mostly over, Ferrari is completely sold out of most of their cars for the entire run. Even if prices for new 296 GTBs aren't 100-150k over list now don't assume they won't be in the spring. And yes, the GTBs for sale are mostly owners moving up to GTS's. Oh, its also the winter which isn't a great time to sell a Ferrari. Lastly, Ferrari is moving up market with their pricing.
It;s done 7000 miles which is pretty high. Mileage always really impacts price, especially when there are a few for sale,,,,,
Similar, my Pista was 495 MSRP, sold for 600s, sold for mid 500s and recently sold for 520 again. Dealers are paying mid 400s high 300s on the same car. I was offered from 390 to high 400s. Can't wait for my GTB. These new cars are amazing
just hard to imagine (at least in the UK) 296's ever selling for 150k usd over list as the demand just doesn't seem to be there esp as a 7k mile car is for sale at the moment at $108,000 under list price inc options - that would be a jump of $258,000!
