488 GTB Market | FerrariChat

488 GTB Market

Discussion in '458 Italia/488/F8' started by VconLifestyle, Aug 16, 2016.

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  1. VconLifestyle

    VconLifestyle Rookie
    BANNED

    Jun 2, 2016
    9
    I can't tell if the market for 488 GTB will soon be MSRP or not.

    I see conflicting comments on Fchat saying there is a two year waiting list for the car (also what my dealer said) but people are getting called all the time to get cars at sticker. I am not one of the lucky people to get a call at sticker but I keep getting calls for MSRP plus 10-20k.
     
  2. saraojo

    saraojo Formula 3

    Mar 9, 2015
    1,275
    Northeast
    No 488s for sticker that I encountered. Best is 19k over with under 2,000 miles. But if you have bought numerous ferraris from one dealership you can get a coupe allocation in 6-8 months in certain areas
     
  3. 997usa

    997usa Formula Junior

    Dec 10, 2014
    556
    Chapel Hill, NC
    Full Name:
    Robert J.
    I echo that - i bought a 458 first to get an 488 allocation - then the wait was still a relatively long 1 year.
     
  4. Scraggy

    Scraggy Formula 3

    Apr 2, 2012
    2,064
    England
    Full Name:
    Scraggy
    Pricing soft in the UK
     
  5. Scraggy

    Scraggy Formula 3

    Apr 2, 2012
    2,064
    England
    Full Name:
    Scraggy
    Spider won't help
     
  6. woody byrd

    woody byrd Formula Junior
    Silver Subscribed

    Feb 15, 2006
    688
    cary, nc
    Full Name:
    woody byrd
    I don't know if people saying they were offered one at MSRP were cars in inventory or not, BUT the dealers will call their good customers and offer to sell them a car. Come in to the dealership, order up the car the way you want it, they will put it in the Ferrari Computer, AND THEN wait to get an allocation. This usually takes many months and the dealer does not know what he is getting until the next month. He may only get 5-6 cars mixed of all models each month depending on his size. It can take a long time.
     
  7. Robert P

    Robert P Formula Junior

    Feb 10, 2014
    358
    London
    I am in the UK and have been offered a 488 for delivery in 10 months. Almost new models currently being advertised for a £25k premium, and 458 prices have also firmed in the last few months.
     
  8. The B

    The B Karting

    May 30, 2016
    65
    West side of sandbar
    I was quoted 18-24 mos when I gave a deposit in early summer. They had one 488 GTB on the floor for 30k over MSRP.
     
  9. Bundy

    Bundy Formula 3

    May 18, 2011
    2,380
    Arizona & Kentucky
    Full Name:
    Anir
    I have yet to see a 488 GTB available for immediate purchase at MSRP in the US. And, more importantly, every 488 I've seen for sale in the secondary market has a uninspired spec, to put it in the kindest of terms. I have no problem waiting for my 2017 allocation to get a spec I can feel excited about.
     
    MANDALAY likes this.
  10. GRahal09

    GRahal09 Rookie

    Nov 28, 2011
    47
    I have been offered a few, and new are basically at sticker now. I would anticipate below sticker on used cars wholesale soon. Retail may take a couple months, but i would bet if you find the right seller you could even get it for sticker used now.
     
  11. saraojo

    saraojo Formula 3

    Mar 9, 2015
    1,275
    Northeast
    Are coupes with 3 - 5,000 miles trading in for sticker still?
     
  12. PhilNotHill

    PhilNotHill Two Time F1 World Champ
    Owner

    Jul 3, 2006
    27,855
    Aspen CO 81611
    Full Name:
    FelipeNotMassa
    Where are you?
     
  13. mik458spider

    mik458spider Formula 3

    Jan 13, 2013
    1,386
    It's easy to find out, if you have a 488, try to talk to some dealers (not only F dealer), tell them you are thinking about the spider or F12, and how much this one worths.
     
  14. Lesia44

    Lesia44 F1 World Champ
    Silver Subscribed

    Aug 5, 2009
    17,335
    The cheapest RHD on Pistonheads with 800 miles and nothing particularly special in the spec is going for £225K, so not that 'soft'.
     
  15. cpiguy

    cpiguy Formula 3
    Silver Subscribed

    Oct 3, 2007
    2,107
    Westlake Village, CA
    Full Name:
    Arnie Friedman
    In California, if you do not have a purchase history with a dealer, the wait for a new 488 is at least a year. Probably closer to 2.
     
  16. MfiveM

    MfiveM Rookie

    Dec 26, 2008
    27
    Full Name:
    Michael
    I think anyone that might have been offered a 488 at sticker from a u.s. dealer is failing to mention they would have to buy a California t or ff along with it. I highly doubt they have extra ones sitting at msrp without strings attached.
     
  17. IMPEX4

    IMPEX4 Karting

    Feb 5, 2006
    138
    Full Name:
    Eric
    are you referring to the wholesale market ?
    maybe a professional race car driver / auto dealer has better access ;-)
     
  18. carcommander

    carcommander Formula 3

    Sep 28, 2006
    1,705
    Southeast
    Full Name:
    Jim
    Most people can't buy a 488 at wholesale.
     
  19. howydo

    howydo Formula Junior

    Jan 31, 2009
    588
    Coupes still 20-30k over msrp and spyders 50k
     
  20. yangstein

    yangstein Formula Junior

    Mar 23, 2015
    571
    Orange County, CA
    Full Name:
    Brian
    +1
    Someone recently put a comment getting a new 488 at the dealer few weeks ago. He had to purchase a Cali then sell it right away with less amount in order to get the 488.
     
  21. WM458

    WM458 Formula Junior

    Aug 25, 2014
    446
    Germany
    Still 12-15 months for GTB, 18-21 for new Spiders in Germany.
    Even Ferrari are surprised about the demand, were somehow afraid of the Turbo launch.
     
  22. Ferrari 308 GTB

    Ferrari 308 GTB F1 Veteran

    Feb 21, 2015
    7,729
    Tropical
    Fast forward to 2018.With the upcoming 488 Pista ,how are things looking?
     
  23. Napoli

    Napoli Formula Junior

    Nov 18, 2017
    958
    Full Name:
    NOYB, Ray!
    #23 Napoli, Feb 21, 2018
    Last edited: Feb 21, 2018
    Not in my case. With no hope or expectation of getting a 488 GTB allocation, I walked in the door in December and walked out that day with a March build. No dealer history. At sticker. No strings. Just sayin’.

    FWIW, I wouldn’t buy a California or FF to get any car. Love Ferrari, but there are so many great options out there..... What a wonderful time it is.

    PS: Thank you, Algar!
     
  24. LVP488

    LVP488 F1 Rookie

    Jan 21, 2017
    4,867
    France
    Thing is, there are now 488 GTB more than 2 years old - and there is no more initial production backlog, so one could get a new car within about 6 months.
    When the expected waiting time is much more than one year, some people are ready to overpay for immediate availability - but with reasonable waiting times, that does not happen.
    So used cars sell for less than new ones, which is a normal situation.
    Depreciation is still relatively limited, because even a limited percentage is significant money.
    The 488 Pista will arrive end of 2018 / start of 2019, in - so we are told - rather limited numbers, so I'm not sure what impact they will have; my guess is that the 488 replacement (end of 2019?) will have more impact.
    The 458 is still praised as a fantastic car, but today a latest 458 Italia is much cheaper than an early 488 GTB, whereas when the 488 GTB was introduced there was not much price difference - so the 458 Italia has been significantly hit on resale. The same will happen for the 488 when its successor will be released.
     

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