296 Values and Used Market

really like this spec that seems to be priced fairly - just came up today. Would probably get rid of those window tints.

https://www.autotrader.com/cars-for-sale/vehicle/752362129?allListingType=all-cars&city=Atlanta&makeCode=FER&modelCode=FER296GTB&searchRadius=0&sortBy=datelistedDESC&state=GA&zip=30301&clickType=listing

 

Nice spec indeed, and dealing with an official dealer is a plus IMHO.

 

Beautiful!

 

Like it or not, if the July 9th tariff stand from the US government indicates a long term 25%-45% tariff that appears to be long term, there will probably be a price rise across many used recent models that are already in the US. Such as the 296 and the SF90. Auto import tariffs could move from 25% to 40%-50%. Also, state governments love tariffs and are not making any negative noise about this. It's an automatic state sales tax boost for them.

 

It likely tracks the # of wealthy families (>$50M) that have been enriched by the wealth creation via equity markets since 2019. Quantitative easing (money printing) and M2 money supply growth has driven those with equity portfolios to make large auto (and art) purchases.

On July 10, 2019, the S&P 500 passed 3,000. Today, five years later it is at 6,000+. Thats a CAGR of almost 15%. Also, today, personalization (options,etc) are 19% of MSRP..so 25% of the price, pre-MSRP. Ferrari is not building a LOT more cars. They are getting a lot more revenue and profit per car.