296 Values and Used Market

Except that Ferrari increased production by attracting customers on the promise they won't lose money on their purchase (people loving cars enough to be ready to pay the price were not a market large enough) - if the promise is broken, the business model may be at risk.
Overpricing does exit, it is when customers are not willing to pay anymore.

 

I think having RACE in the portfolio as well as actual Ferrari cars is probably a smart move. I did open a small short position today for a trade. But will probably be long at a good entry point. If folks are complaining about the company making too much profit at the expense of end consumers, why not own a piece of the pie?

 

So what are tying to tell me? There will be some boycott of buing new cars? How many customers will do that? Ferrari have lot's of new customers, first time buyers. Ferrari EV will bring a lot of this eco fancy people, Ferrari will sell easly 10k cars per year, Ferrari don't care much about few dissapointed clients, brand is to strong

 

The problem is the market isn't firming, its continuing to drop. 296 GTBs are being listed for 20% under MSRP today. Three months ago they were being listed for 12% below MSRP. Then of course they are selling for another 13% below that.

I'm not sure they overpriced the 296, its only a couple percent above what the inflation adjusted historic price was for 458/488. They may have significantly overproduced it though. They may just be doing what lots of other public companies seem to do, trading there reputation for stable prices for short term stock gains.

 

Overproduced.

and I’d be curious what Ferrari dealer or HQ exec “promised” you won’t lose money on the car as was noted above. Buyer would be a fool to put any faith in that statement if it existed.

 

Time will tell, I only say that no business model is bullet proof and some cautious approach is sometimes needed. We've seen many great companies eventually fail because they did not understand how the market dynamics were evolving; in the case of Ferrari, a weak second hand market could be an issue - by the way, they acknowledge it, since they arranged "Esperienza Ferrari" events for the already discontinued SF90 in an attempt to support the second hand market (it was a first, previously "Esperienza Ferrari" events were only made to promote cars available as new).

 

The models or next version haven't been announced yet otherwise they probably would have had them out.

 

I'm not good in women fashion but how much is worth one year old Louis Vuitton bag? 50%? did Hermes, Chanel or Louis Vuitton bankrupt? How much is worth 10 years old Cayenne or 7 series compared to new one? I know there is inflation but did Porsche or BMW bancrupt? Flippers/Traders will lose but Ferrari as bussines is clearlly a winner, with record sales and record profits and acording to this who like 296 it's brilliant car so capitalism work at it's finest because you have grate product and greate profit

 

I have no problem adjusting anything including my ventilated seats while driving , took me a couple of hundred Km’s to get there

 

No, looks are subjective. I have owned both, I kept the F8 and sold the 296, as I felt the F8 was far better looking and has much more presence. Also the Analog functions and ease to drive it without the PHEV makes life easier. Saying that, the 296 would absolutely smoke the F8 in performance.

 

Make that 3 guys

 

Sold for almost $100k below MSRP, nice spec, a bit DK though.

 

I’m that fool, but I know it, so I can’t complain. In the end, I simply counted the loss as the experience-cost of having owned on 800+ HP Ferrari for a quick minute.

 

black with white interior is not a great spec. Obviously, look at the sales price. That car in more desirable colors is easily mid $400s.

 

Honest take: good to wrap though. I've already posted here that I should have done that with mine, no charge black, and just used color PPF again like my F12.

 

“admittedly stupid and complex and unneeded hybrid” Uh… no. The performance is unmatched along with the drivability. It’s no wonder these systems were introduced in the hyper cars ten years ago and are finally making it into regular production cars.

 

that is so ridiculous … to sell a car because one cannot learn the haptic touch … the epitomy of laziness and lack of appreciation …. stay in the dinosaur era….

 

The correctly spec Cars will always bring in the most money now and in the future… And by correctly spec I’m talking about unique specs

 

If I sold and only lost 20% I’d be very happy. But not selling so oh well.

 

This is a perverted AMERICAN JOKE or just plain SARCASM???!

 

when people say they think the Speciale is going to firm up prices of base models, I am not so sure - surely the market is going to be flooded with people selling their cars upon delivery of the Spec?

 

This is an EU issue and not for cars in the USA.
Chet

 

numerically that it perhaps a stretch. Market forces, dramatically increasing prices will not just firm up prices, but prices will increase on used cars. That is baked in.
Guys, a new Speciale is $650k all-in. Does it make sense that a 296gtb is $350k? A new Speciale Aperta will be in the $700-800-900k range...and you are telling me that a GTS is only worth basically half? Clearly there will be new price discovery over the next 12 months....don't forget, tariffs will cause all prices to rise.
Japan just agreed to 15%. That tells you the floor is, 15%. Do you really think Ferrari will pay that or pass it along? (Luxury producers will increase prices and their customers will pay the new price. Normal priced producers will need to figure out ways to eat the cost making their cars in the US etc. This is already happening....like it or not tariffs are here to stay)
The new Ferraris have a 'surcharge' of 8.5%, expect that to be 15% within the next 12-18 months. If this is correct, that means MSRP will be increasing from today's prices fairly dramatically. Todays $650k Speciale will be $700k. Thus making the current crop of cars look like an absolute bargain.
PS Is there a supercar/ hypercar bubble? Market forces will perhaps make it so Ferrari (and others) have to produce a new type of car...aka less $$$ and more of a true sports car vs a tech tour de force.

 

Ok what is considered top unique specs? Honestly curious on the thoughts here. Thanks!

 

All this means is that many people will not get the Speciale because the differences will be negligible for this type of price gap. It may also mean that the Speciales take a sizeable hit within a years time as there are many being offered.