Pre-Owned Market Softness

I track the UK Ferrari Approved markets for 812 SF, 296 GTS, 296 GTB and SF90 Stradale. Those are the cars I'm interested in. I thought I'd share some recent trends:

812 SF: 9 of 14 cars for sales have seen price cuts in the last five weeks. Median price cut -£10k. End of summer price rises have now completely reversed.

296 GTS: a few price cuts. Median asking prices are -3% in the last five weeks.

296 GTB: more recently picked up tracking, so too soon to comment. A few price cuts of -£5-10k in the last three weeks.

SF90 Strad: this market is very slow. Cars have been listed for several months, some now with multiple price cuts. One Ferrari dealer is playing games taking the car off the web and then re-listing it to restart its time stamp. Early September half of the ten listed cars saw median price cuts -£10k. Last five weeks, a couple of more price cuts. Median asking price -3% in the last five weeks.

As we head into the final quarter of the year and new models like the SF90 XX and 296 Speciale arrive, it could set up for a nice buying opportunity for those interested.