Covid 19 price drops.

Haven’t seen any dealers dropping yet on FF/GTC4 Lusso but I’ve noticed quite a big drop on one private seller FF but I’m not keen on the interior.


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On a slightly different note this is an article in Forbes about Ferrari’s stock price and how demand is not slipping and orders are not being cancelled. Not quite sure what to make of it.

https://apple.news/A9nzw95IRSlSBIhAtnWD0xA

Thoughts?

 

At least there will be no "supply chain issues" in April since Maranello and Modena facilities are shut down until May 3rd...

 

I don’t think Ferrari has been impacted yet. The secondary market is getting hammered with resale prices dropping fast. Ferrari may be impacted when the guy that upgraded from his 488 to a F8 finds out how little his car is worth. At that point Ferrari may have to adjust pricing to continue selling the cars from their increased production.

 

Where? I haven't.

 

458s have been in the 150-170K range long before covid-19...

 

Sounds like a PR move to try to restore confidence in the market that has taken a big hit, go over to the Pista & F8 thread, now people are canceling their orders in numbers like never before.

It reminds me of a hedge fund investor on CNBC who hypes a stock then sells it.

 

****, where? Been watching C7 Corvettes and haven't seen a dollar wiggle in the market.

 

Hmm, is that so. I should start looking at 458s...

 

I'm not looking at models that new, so it may be a different story, but for the 3X8 models it appears as though prices were softening throughout 2019 anyways, and the covid lockdown is just amplifying the trend a little.

 

I haven't seen anything really drop. My thought is that most sellers hope/think this is going to be a short term thing. If we're going to be in a recession (or already are) then prices will come down significantly in the next 1-2 months.