A nice F12 is in the low to mid 2s, has great styling a screaming v12, and a twitchy and involving driving experience. If I had to keep a car for the next 20 years I’d take the F12 personally, so my guess is that as long as there are no major battery issues, the regular SF90s will bottom out around there too. Will probably take a couple of years at least to get there.
Welcome to the internet. The one thing you learn here is that predictions are tough especially if they have to do with the future.
Ah yes the internet , a global forum yet we have a thread that is not global as most of the discussion is from US . . summary Large markets , US in particular , suffering yet when you look through the specs there are so many variables due to the desirability of option combinations comparisons are often fruitless and thus the market analysis the same . Europe patchy , smaller markets doing well
That's my strategy for now. GTB they took back title last Wednesday. Keeping the F12 as primary, the TR and adding another appreciating, classic childhood dream car...
Seriously? I'm in Europe, and what I can tell you is that the SF 90 doesn't sell and that there are 350 296 cars for sale on mobile.de. A friend has just bought a 296 of 3000 kms with 100 k less than the ex-factory price. Hybrids are just consumable cars, and whether you admit it or not won't change anything, the market talks...
I buy/sell in Europe and Asia and I can tell you its "stuffed" in both locations. Seem Ferrari is especially bad with SF90's being the worst "boat anchors" followed by 296's. Ferrari seem to be the ones most affected and its possibly due to bad timing i.e. cheap money during covid and over producing. Doesn't mean the other brands are not affected. Just picked up an STO at a VERY good price but not even close to SF90/296GTB "implosion". A good time to have a few spare $ or Euro's to pick up something interesting IMO.
For the moment there is still money circulating, so no crisis... On the other hand, for hybrids, people have understood that it is just an artificial consumer product with which you play for 5 minutes, and whose maintenance costs in the long term will be stratospheric, without any future in collection, one chasing the other, ever more digital... Ferrari adopted the wrong strategy in the long term, it had to electrify to 100% all models moving like SUVs, Portofino and Roma league...and keep the front and rear center in NA,Lighter, with less power.
Average MSRP for a 296 GTB has to be almost $400k--your dealer would not allow you (and you would not want) to buy one for $336k. Basic options, wheels, sound system, cameras. seats and interiors are going to add $60- $70K.
IMHO this depreciation shall soften or pass based on 1) continued inflation and price increases from Ferrari, 2) market perceived superiority of the 296 v other mid engine cars including Ferraris, and 3) the package being pinnacle of Ferrari's engineering and innovation, and 4) the unquantifiable YOLO experience of us old farts.
Sounds like an awful experience. Please tell us if and how the situation t was resolved. Do you still have theca. Did FNA do a buyback willingly or by litigation? Thanks.
I never accepted it back after the engine was completed last month. No litigation has been needed yet, FNA accepted my buyback demand, the dealer took title to the 296 and closed out my FFS account for the car last Wednesday. I still don’t have the refund payment yet, but they gave me a clarification letter that my claims are still pending. I haven’t signed a release of my Magnusson-Moss and Nevada lemon law claims. But my understanding is they will have a check for me next week. Yeah, it has been a real gut punch. My wife was right: “they’re a big, multibillion dollar company and you don’t mean anything to them. Other than taking our money.” They’re a luxury goods company that is set on creating a social hierarchy of customers in a plan to maximize the amount of money they extract from us with toys we want and don’t need. I was under the spell, like a buffoon who thinks a flirting waitress or bartender really likes him.
As a STO owner for over 3 years, I’ve yet to figure out why everyone says ‘an STO’ as opposed to ‘a STO’. Am I missing something here? Great car and I also lurk on the Lambo site but too shy to ask there. Sorry to derail the 296 thread…..saw a dark green one at The Motor Enclave today, looked pretty awesome.
Its a grammar thing Here's my green one (Verde Lares) - absolutely LOVE the car!!!! - Image Unavailable, Please Login
Looks great! Congratulations. If only the 296 sounded as good im sure there would be more selling and less talk of them sitting. The sound of a sportscar should never be underestimated!
to be fair, they are a bit more than a traditional luxury goods company. The cars have been (and continue to be in most cases) really, really good. It's the general disdain that the Italian mothership seems to exhibit towards owners that is the main issue in my opinion. And hey, that goes back to Enzo himself who famously hated his clients. They have gotten away with it for a long time, but we may be witnessing a bit of a market correction towards a needed improvement in that attitude. The competition has never been better, and it's clear that buyer reaction to their latest products is off. The engine downsizing/hybrid switch is being forced on them by regulators, but the haptic controls, stuffing in unpolished tech, unsustainable MSRP and option price increases, reliability concerns etc. are all unforced errors being made by leadership.
I've seen a couple of 296s listed with pretty high specs that were canceled customer orders that are pretty... unique. The dealers are still asking MSRP for these cars. Anyone know if they are actually selling for anywhere near that? On the one hand, if thats what the market is and people are willing to pay it so be it. However it irritates me that they want me to pay the same as someone who got to custom configure their car. If its a low spec, generic configuration, sure but for unusual color configs with stripes and stuff....
