296 Values and Used Market

almost

 

Dang, thats a massive loss in value. Sorry for the owner.

This has to impact the replacement for the 296, no? How many people got burned and wont be back?

 

absolutely no one‘s paying those crazy prices anymore on the replacement of the 296. I have no idea what’s gonna happen….. It might be an amazing car it is but who the heck wants to lose $250,000 in a bit over a year

 

430k is a pretty low MSRP for a GTS. You wouldn’t be too far back of sticker…maybe 375k the next day?

high msrp cars are much easier to get killed on of course.

 

Are you selling it still? I thought you were keeping it? Sorry if you already clarified previously.

 

Hummer EV owners?

 

Did a recent track day with my cars which I’m keeping but it was fun to see the 296 capability on the track. Either way these prices once gtb are in the mid 200s I might buy one just for a track car.

 

yes, I have to sell. I tried again to try to keep it, but I just can’t so I’m going against what I want but I gotta do it.

 

we made very well see 250

 

so you say…… and around we go.

 

That floor will or is about to collapse as more car prices pile on that price.

 

I agree here. I feel like the price is 275-300 for a GTB.
But there is definetly a floor... I can't see anyone in their right mind taking an older 488 GTB with 15k+ miles on it over a 2023/24 296...

 

I can

 

I can’t.

 

There are idiots paying more for 485 compared to the 488. I won’t be surprised by anything

 

We’re already way below $275k in the UK. I was offered $225k last week for my GTB

 

Agree.
296 is lightyears ahead of the 488 in all categories.
Acquired another 458s, market has spoken where that is valued also.

 

one sold recently for £160k (215kusd)

 

Uk market is so depressed. Crazy.

I’m better off buying and storing at my house in uk than USA! (Except where to drive it)

 

It feels like there’s a general trend emerging here in the UK for people eschewing the brand new stuff, in favour of older stuff, pre GPF filters and nanny interference. Maybe people just also fed up of 6 digit depreciation.

 

….i agree.

 

…..thats disheartening….

 

Good job it’s such a good car! I’d be really upset if it wasn’t!!

 

for sure, traffic here is so bad that there's no real benefit in 900+hp etc also
currently having a think about this:

https://www.tomhartley.com/used-car-details/used-ferrari-550-maranello-delivery-mileage-unregistered-coupe-argento-nrburgring-manual-petrol/id-9709/

 

I do see the UK market has softened, but that’s not really a 296-specific thing — it seems like it is happening across the board over there for other car brands as well. And if we’re going to compare global markets, we could just as easily point to Dubai or China where prices are still sky-high. Different regions, different economics.