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California Prices

Discussion in 'California(Portofino)/Roma(Amalfi)' started by bmeans, Aug 19, 2022.

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  1. bmeans

    bmeans Rookie

    Oct 15, 2016
    4
    #1 bmeans, Aug 19, 2022
    Hello everyone,

    Starting to look for a Cal30, but just realizing that it may take a while to find one that checks all the boxes. I know prices increased over the past year, but any ideas on the trend for the next 6-12 months? Are prices still rising? Leveling off? Falling? Maybe the prices for exotic cars overall provides a clue.

    Thanks.
     
  2. FrancisK

    FrancisK Formula 3
    Rossa Subscribed

    Oct 22, 2021
    1,466
    Midwest
    #2 FrancisK, Aug 20, 2022

    I think they'll stay stagnant, I know everyone is anticipating a crash but it really doesn't make any sense, a correction sure as things went way too high but prices will never come back to what they were simply because of extreme inflation and all the cash dumped into the economy. The situation is not like before, people have money it's not debt, the people suffering were never going to be in the Ferrari market anyway.
     
  3. bmeans

    bmeans Rookie

    Oct 15, 2016
    4
    #3 bmeans, Aug 20, 2022
    I think your point about inflation is a good one. I think we may be looking at a new baseline (unless, perhaps, the economy suffers a "hard landing" which, of course, is impossible to predict).
     
  4. KS_California

    KS_California Karting

    Jan 24, 2022
    156
    Eastern KS - Just west of KC
    Full Name:
    Werner Bartels
    #4 KS_California, Aug 20, 2022
    Hard to say - perhaps some appraisal experts will weigh in. I feel the Cali - all models - have bottomed out and are-on-the-rise given the price of new Ferraris & other exotics.
     
  5. FrancisK

    FrancisK Formula 3
    Rossa Subscribed

    Oct 22, 2021
    1,466
    Midwest
    #5 FrancisK, Aug 20, 2022

    If you're asking me, and this is what I'm thinking as I'm looking for a 458, I think prices will be lowest during this winter because there will be a lot of doom and gloom in the news and then they will begin to rise again.....or at the least this winter will be the bottom.

    But again who knows....
     
  6. usmc_0311

    usmc_0311 Karting

    Aug 20, 2022
    63
    Coral Gables FL
    #6 usmc_0311, Aug 20, 2022
    Just started looking too, seems there is a wide range of prices right now. We are sticking to certified Cal30's and those prices seem to have a tight price grouping (with the expected higher than the smaller dealer and private sales markup). Good luck with your search.
     
  7. bmeans

    bmeans Rookie

    Oct 15, 2016
    4
    #7 bmeans, Aug 20, 2022
    I have noticed plenty of Californias sitting on dealer lots unsold. It seems the ones that are actually selling are those that are more realistically priced. For example, one non-Ferrari dealer has a 2013 California with 19,000 miles and essentially no options priced at $130,000. It has been sitting for months.
     
  8. usmc_0311

    usmc_0311 Karting

    Aug 20, 2022
    63
    Coral Gables FL
    #8 usmc_0311, Aug 20, 2022
    Yup, probably has sticky buttons too, that's gonna be there for awhile, sounds like an $80k car on BaT.
     
  9. fws357

    fws357 Karting

    Mar 27, 2022
    97
    #9 fws357, Aug 22, 2022
    Nobody knows the answer. If you have the means, pick one you like, buy and enjoy it. give you an example, back in 2018, everyone was saying the watch market has gone mad and it did, but it just kept going and going. And yes, the watch market eventually crashed, but the price is still much much higher than 2018.
     

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