296 Values and Used Market | FerrariChat

296 Values and Used Market

Discussion in '296' started by Mrwatchdawg, Aug 31, 2023.

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  1. Mrwatchdawg

    Mrwatchdawg Rookie

    Mar 12, 2018
    23
    Haven’t really seen any pop up anywhere in the market except Chicago but I am certain they are trading in the secondary market.

    any idea what the values look like? And long term predictions?
     
  2. JohnCorpus

    JohnCorpus Rookie

    Aug 3, 2022
    5
    Full Name:
    John Corpus
    There has been only one BaT auction and that was withdrawn so interesting to see what they will go for. In europe there is a lot of them at sale. In mobile.de there is currently 126 listings. In my country Finland there is five currently in sale and some of them have been for a while now. They start at 420k euros.
     
    of2worlds likes this.
  3. SJU

    SJU Formula Junior
    Silver Subscribed

    Oct 22, 2020
    282
    Austin, TX
    Full Name:
    Sal J
    Buddy purchased a non AF ‘23 for $110K over 3 weeks ago.
     
    ryalex and of2worlds like this.
  4. Mrwatchdawg

    Mrwatchdawg Rookie

    Mar 12, 2018
    23
    Ya the bat Auction one was unique.
    Long term I think these will hold value but then again who knows.

    just curious where these sit verses the rest since it is a v6
     
  5. 296 will not hold value, it will depreciate just like any other mid engine Ferrari that is not a special or VS edition.

    I say that having one on order.

    Just drive the damn thing if you are lucky enough to own one.

    At this point, unless it's a numbered car or a one-off, Ferraris are basically commodity items.
     
  6. Mrwatchdawg

    Mrwatchdawg Rookie

    Mar 12, 2018
    23
    Agreed for sure. That’s how I am. Just drive don’t care but with the prices so much higher over an f8. I was thinking the same and with just options they are crossing so high.
     
  7. pninja005

    pninja005 Formula Junior

    Nov 10, 2010
    491
    Europe
    Totally agree..

    Buy it new, drive it for 2 years and trade in for the next one.
     
  8. Jo Sta7

    Jo Sta7 F1 Veteran
    Rossa Subscribed

    Oct 13, 2015
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    I do think it will hold value better than previous mid engines. My logic is that Ferrari are producing so many different cars now but they aren't producing many more total cars. So each model is a shorter run and more limited. The demand is through the roof. The supply can't catch up.

    But I'm wrong a lot.
     
  9. greyboxer

    greyboxer F1 World Champ

    Dec 8, 2004
    12,376
    South East
    Full Name:
    Jimmie
    Didn't CEO last month refuse to rule out 20 000 cars per year (= +50%) ?
     
  10. Jo Sta7

    Jo Sta7 F1 Veteran
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    I didn’t read the investor presentation. Last I looked at their 10k (or whatever equivalent) annual production wasn’t up much versus model differentiation which is through the roof.
     
  11. jordanfsl

    jordanfsl Formula Junior

    Dec 11, 2010
    567
    Los Angeles
    Pretty sure they are up to about 13k/yr. in total production, spread across a pretty wide range of models now. Obviously that is well below demand given the closed order books on nearly every model. A bit of research shows that 458/488's (in nice condition and reasonable miles of course) are not far off original sticker in some cases for a 3-10 year old model, so I'd call the depreciation pretty darn low. Let alone the F8's continuing to hold their value well above MSRP.....

    Obviously a big factor behind this is inflation, as the replacement 296 is a substantially more expensive car - so it makes resale values better on the older cars. The shift to hybrid/electric also is a factor as we all know, the F8 is most likely the last mid-engined V8 without extra electric power.

    I think the 296 will safely resell for sticker or higher for quite a while, assuming the world economy doesn't suffer a major recession. Not the worst buy if you can get a factory order.
     
  12. ferrariguyf12

    ferrariguyf12 Karting

    Aug 20, 2021
    53
    Full Name:
    ferrariguyf12
    Hearing about $150K over sticker
     
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  13. Mrwatchdawg

    Mrwatchdawg Rookie

    Mar 12, 2018
    23
    Insanity. Interesting that Europe has so many that are on the secondary make let but here in the US not as many
     
  14. LVP488

    LVP488 F1 Veteran

    Jan 21, 2017
    5,036
    France
    With increased production the supply more or less covers the demand; close to the model introduction (still the case for the 296) the issue is the lead time for impatient customers, so they are ready to pay more to get a car immediately. After 2-3 years many cars will go to the market as they get replaced; combined with the decreased interest for a car that will not anymore be the latest, it will most probably lead to dropping prices.
     
    LorenzoOO likes this.
  15. F2003-GA

    F2003-GA F1 World Champ
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    Nov 2, 2003
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    Bro
    No way - that would make them on par with SF90 coupe which are now trading at MSRP
     
  16. 09Scuderia

    09Scuderia Formula 3

    Nov 20, 2011
    2,453
    USA
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    Max
    We offered $150k over for our GTS....this happened 3 weeks ago in Monterey.
     
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  17. A348W

    A348W Formula 3

    Jun 28, 2017
    1,769
    North Wiltshire, UK
    GTBs now very near F8s over here, well sub £300k. View is they will keep going south, as will most models this year.

    as with all cars, drive it and enjoy ir!
     
    F2003-GA, MacNugget and Dino_Argento like this.
  18. SJU

    SJU Formula Junior
    Silver Subscribed

    Oct 22, 2020
    282
    Austin, TX
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    Sal J
    My buddy bought a $420K MSRP GTB car for $530K, not really SF90 money...
     
  19. TheBigEasy

    TheBigEasy F1 World Champ
    Consultant

    Jun 21, 2005
    17,195
    California
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    Ethan Hunt
    Ya I’ve seen SF90’s all $600k-$800k

    My question for value is more how will the 458 / 488 / F8 market hold once lots of 296’s out there
     
  20. 09Scuderia

    09Scuderia Formula 3

    Nov 20, 2011
    2,453
    USA
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    Max
    will take years for there to be many for sale. Add to this the effects of inflation and everything becoming more $$.
     
    TheBigEasy likes this.
  21. F2003-GA

    F2003-GA F1 World Champ
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    Nov 2, 2003
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    2022 used SF90 ran in Dallas Auction $544k But if the 296 is doing big money thats cool with me
     
  22. Jo Sta7

    Jo Sta7 F1 Veteran
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    Oct 13, 2015
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    US market has stayed inflated for all Ferraris
     
  23. A348W

    A348W Formula 3

    Jun 28, 2017
    1,769
    North Wiltshire, UK
    It’s interesting the difference! 355 went nuts your side last year but we didnt see any of that!

    But suspect more glibally down turn will start to bite everywhere with interest rates where they are! Time will tell though!
     
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  24. Mrwatchdawg

    Mrwatchdawg Rookie

    Mar 12, 2018
    23
    Ya seems like there is a huge gap on the sf90 between wholesale and retail.

    regardless will take it! I still want to add a sf90
     
  25. Jo Sta7

    Jo Sta7 F1 Veteran
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    Oct 13, 2015
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    where do you get this data?
     

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