hi all Odd thing happened the other day. I have a deposit down on an 812, although the dealer said originally I would not get one until at least 2020, maybe 2021. Got a call requesting I come in and upload my spec as those with specs uploaded will get the earlier cars as they are allocated to dealers. Dealer has take delivery of 3 so far since launch. Bit surprised given what I was told when I paid my deposit. Are people pulling out (Brexit) etc or are they not selling. Dealer did say they were sold out of their 812 allocation as have other dealers. I bought a 458 last year from another dealer and they could not get me an 812. Views?
I think Ferrari is cagey, well managed and is prioritizing (now publicly traded company) revenue and reputation for guidance. Making their numbers quarterly is key. When you have an exclusive brand it's obviously important to maintain the exclusivity element. But, that can be, as we all can imagine, difficult to maintain in light of improving financials every quarter. Where it will really get hard, where rubber will meet the road so to speak, is in a down economic cycle. Maybe you're right, buyers are not seeing the discretionary cash a year or two out and so are pulling out. Perhaps Ferrari deposits are a leading indicator on the the stock markets? I'd be interested to hear what your dealer says about number of cars in front of you and a build/delivery schedule now.
Well, let's put this together, first, how many others are ahead of you? Since first (worldwide) deliveries started about a year ago, it would seem your dealer is receiving an allocation every 3 or 4 months. And the actual build time once allocation is assigned is about 4 months and then there is the delivery time from the factory/etc which can be up to another 2 months (probably a lot less for UK since it can be delivered by truck instead of ship). Given all that I would presume your dealer is receiving a car every 3-4 months, averaging it out, it would seem there are at least 6 orders ahead of yours, so, if your dealer starts receiving more frequent allocations (mid-volume US dealers seem to average 1 allocation per month) then your car would show up far sooner. But, your dealer did not seem to indicate they would actually receive more (frequent) allocations anytime soon, so, it looks like Ferrari is simply wanting to get dealers to submit bonafide orders so they can better judge their allocation distributions. In the US it is typical for dealer to request a deposit when ordered and the deposits are taken before there is an allocation. For instance, I know a dealer with about 18 orders in place which is about a year and half backlog vis-a-vis allocations so if they took an order now it would likely be allocated and go to production early 2020 and be received about 2 years from now.
Well said. having a car spec’d in the system and having an actual allocation are two very different things. Having a healthy pipeline is very good thing for a publicly traded company.
Getting cars specced is one way to thin speculators - in the UK we were also told the Portofino run is sold out - a regular was just asked when he would like one - pretty soon (next summer ?) there'll be Pista slots for walk-ins from dealers As to OP's slot it sounds like you might get it for summer 19 which I imagine would be very acceptable
The post above you is more in tune with the situation we are dealing with in US, it could be 19 in UK but not here.
I doubt it is ‘19 in the UK. My car will arrive Q1 2019, ordered at factory customer pre-launch event in Feb 2017, TM March 2018. There is still quite a backlog because the car has been so well received and supply to the UK is always quite a way behind the US.
I was told last week that over half of the v12 line is being used to build the Portofino as its running late. my dealer was told he was getting 5 cars this year but has now been told it will be 3. If they don't ramp up Uk production it will be a rare car !
I was fortunate to get my US 812 a few months ago. My dealer has told me allocations are just dribbling in and production has been slow. They only received 5 812's this year. I think most are going to Asia where the markup and profit for Ferrari is much greater. Just look at the quarterly release
It feels like F12 slots were harder to come by than 599 - though 599 was at first very difficult and then the recession probably made it easier. So far it strikes me the 812 is even a little tougher to get than the F12. I wonder if some of this is Ferrari being smart about managing demand and helping residuals. Or it could be shifting allocation to other markets. Or both/ something else?
I got the final call yesterday to finalize my order for production. I'm told the car will be build in February. This is along the lines of the most optimistic of schedules I was told when I put my deposit down in January 2018. TDF Blue btw, car is going to look killer.
Congrats No call for me even though that was my deposit month too. My schedule was pushed to 2H. I'd guess it's different for different dealers. Fingers crossed anyway, maybe they're catching up.
Congrats....my guess is people pull out....it's easy to "put your name on the list".....It's also easier for dealers to tell customers worse case time frames and then cut them down.....
The list is complicated I don't know all the rules of how they decide who gets an allocation. I do know that I have a great relationship with my dealer though. I also drive my cars a lot.
Similar timescale - I ordered mine in April 2017, and it is due to arrive Q2 2019. I have tried to switch my allocation to a Pista, but no joy as yet.
I believe that orders are now being requested to be placed onto the systems, where in the past they would stay in the dealers "draw" until allocations became available, this would be, I guess, to establish what true demand is, hence why some being asked to put orders together for a car they may not see for some time. My 812 TM went into production these last days, so am going to get an early Christmas present . Similar situation to others, order placed last year . Did think it had slipped into Q1 2019.
I put a deposit down for one last week and was told I could expect an allocation and spec lock down about this time next year and then up to 6 months after that to get it.
