Do you guys read EVO...........? | FerrariChat

Do you guys read EVO...........?

Discussion in 'Ferrari Discussion (not model specific)' started by Ingenere, Jun 16, 2005.

This site may earn a commission from merchant affiliate links, including eBay, Amazon, Skimlinks, and others.

  1. Ingenere

    Ingenere F1 Veteran
    Owner Silver Subscribed

    Dec 11, 2001
    6,453
    On the Limit
    Full Name:
    Dino
    My favorite Brit car magazine(EVO #81) arrived yesterday and while I was browsing through the letters over morning coffee I ran accross one about the state of Ferrari's marketing. I found myself agreeing with this chap....until I realized that I had written it!!! Sure enough, my name was at the bottom...AND I got letter of the 'letter of the month!!! A little excitement for a Wed morning!
     
  2. ghost

    ghost F1 World Champ
    Lifetime Rossa

    Dec 10, 2003
    10,046
    Singapore
    Funny stuff Dino. And congratulations. Scan the letter. Or at least share with us the pearls of wisdom that won you the LoM.
     
  3. SrfCity

    SrfCity F1 World Champ

    "Hey, I couldn't have said it better myself." Wait a minute, think I know this guy ;) Yea, post it if you can.
     
  4. Koby

    Koby Formula 3

    Dec 14, 2003
    2,307
    The Borough, NJ
    Full Name:
    Jason Kobies
    Nice work!! Evo is IMO the best car mag by a mile, and the letter of the month is always excellent, so I'm sure yours was great too. Please scan or retype it if you don't mind, I'd like to read what you had to say.
     
  5. Ingenere

    Ingenere F1 Veteran
    Owner Silver Subscribed

    Dec 11, 2001
    6,453
    On the Limit
    Full Name:
    Dino
    OK Here it is..........

    "I couldn't agree more with Richard Porter (Petrolhead, evo 79) about the degradation of the Ferrari brand. I have owned Ferraris since the 80's and the recent prostitution of the logo by the current money grubbing management is sickening. Ferrari used to be something you knew of, but rarely saw. Now, with inflated production numbers and merchandising, every punter with a few bucks and a good credit rating can have Ferrari emblazoned on their chest.

    A simple visit to Martanello (or any shopping mall) shows you just how much the money men at Ferrari have sold out. Maranello has become the Disneyland of car logo junk, what with the factory store and factory hotel everything that will fit a pracncing horse on it.

    All this merchandising is diluting the marque. Next they'll exhume Enzo and offer pics with the 'Old Man' for a few bucks. I guess someone has to pay for the bonuses for Mssrs. Montezemola, Todt, and Schumacher."
     
  6. SrfCity

    SrfCity F1 World Champ

    Ouch! I understand what you're saying but I'd challenge you to name one highly recognizable brand that hasn't tried to do this in some way? Fact is, very few brands can get away with it, even though many have tried.

    Even under this current Ferrari "marketing bonanza" there is no shortage of people willing to go to great lengths to be a part of it. The mystique continues with no apparent end in sight. Just wait till they go public ;)
     
  7. Ingenere

    Ingenere F1 Veteran
    Owner Silver Subscribed

    Dec 11, 2001
    6,453
    On the Limit
    Full Name:
    Dino
    I guess I've just been around Ferrari since I was a kid...and back then it was something VERY special. Now, its just a brand. Its just corporate. Its all about the bottom line. Not very much mystique in that! And Maranello has turned into a huge marketing venue, not a sleepy little town that makes the best racing and sports cars in the world, which I find quite sad.

    The fact that Enzo never did that, when I'm sure the temptation was there, made it even more special. I remember when advertising first came to F1 he stated that he would never get involved as his cars were not cigarette boxes! From the viewpoint of building the mystique of his company....I think he got it right.

    But I guess if my company had that much brand identity, I'd be hard pressed NOT to do the same thing, unless it tarnished the image. I guess the EVO boys are in agreement.......
     
  8. SrfCity

    SrfCity F1 World Champ

    Yes, but wasn't the main reason that Enzo made road cars, to fund his racing habit? Also, when they brought the cars to the US they made sure that they got into the hands of the affluent to build desirability etc. The way I see it this was "F-marketing brilliance" in its infancy and what you see today is an extention of it. Granted today's branding does seem rather over the top. Anyway it's cool to see your letter in EVO!!!
     
  9. Alex_V

    Alex_V F1 Rookie
    BANNED

    Apr 8, 2004
    3,611
    Boulder, CO
    Full Name:
    Alex
    Awsome that your letter was in EVO, I love that mag, the first one I got was the 288 GT0 V F40 V F50 V Enzo....been hooked since
     
  10. Koby

    Koby Formula 3

    Dec 14, 2003
    2,307
    The Borough, NJ
    Full Name:
    Jason Kobies
    I agree with you and Porter's column in Evo79 but I try to filter out all the cheap crap. For me it is about the cars, and I think today's offerings are as good as they have ever been. Everything else I just ignore.
     
  11. LouB

    LouB Formula 3

    Apr 15, 2001
    1,811
    FL, OR
    FCA's Prancing Horse Magazine reports 200m euros (approx $225 m US) in sales from accessories, clothing and stuff like that versus 1300m (1.3B) euros in sales from cars and spare parts! Its not pocket change and presumably helps Ferrari develop new cars and technology.

    I would expect very very high margins from the 200m in these types of sales compared to cars and parts so they probably contribute a lot higher % of the total profit than the 13% of sales would suggest.
     
  12. Ingenere

    Ingenere F1 Veteran
    Owner Silver Subscribed

    Dec 11, 2001
    6,453
    On the Limit
    Full Name:
    Dino
    With those kinds of volumes and profit, it would be hard to resist....but I still think that it cheapens the whole deal. I remember in the 70's when Gloria Vanderbuilt made designer jeans, the standing joke was...."That she put her family's good name on every ass in America"! I don't want to see our beloved marque go the way of Vanderbuilt...
     
  13. Lemke

    Lemke F1 Rookie

    Oct 27, 2004
    4,644
    Vancouver, WA
    Full Name:
    Daniel
    When I can part with 10 bucks I get it, but otherwise I skip it. I think I might ask for a substriction to it for my birthday. But anyways it is the greatest car mag out there by a long shot. Except they favor Porsches in just about every road test they do.
     
  14. LittleBro

    LittleBro Formula 3

    Jul 7, 2004
    1,790
    Herts, UK
    Full Name:
    Woody
    A couple of the guys that write for Evo are FChatters - Simon355 runs the long-term Murcie and Godzilla is David Yu (not sure what he has now, but used to run a TDF 355 Spider).

    Jamie
     
  15. zjpj

    zjpj F1 Veteran

    Nov 4, 2003
    6,124
    USA
    The 50s and 60s were a LONG time ago.
    Norman Rockwell towns are now few are far between. Neighborhood doctors? Mom and pop stores? A lot has changed. I know it's easy to yearn for the past - I sure do - but those days are over.

    I understand what you are saying, but it is unrealistic to expect that today. It wasn't long ago when you had small towns, you knew the name of your local grocer and the names of his kids, small stores, you left your house unlocked, it was safe for kids to walk to school by themselves...

    Times are a changing. That's not Ferraris fault.
     
  16. ryalex

    ryalex Two Time F1 World Champ
    Consultant Owner

    Aug 6, 2003
    26,003
    Las Vegas, NV
    Full Name:
    Ryan Alexander
    I mentioned in another thread I fear Ferrari as a brand image might hit oversaturation like Lacoste and Adidas did in the early-mid 80's - and then become uncool.

    On the other hand, it's hard to leave $225mm sitting on the table when any MBA would tell you to milk the brand for everything it's worth.
     
  17. coolestkidever

    coolestkidever F1 Veteran

    Feb 28, 2004
    5,538
    NJ
    Full Name:
    Patrick
    ok i dont know what you guys are talking about, I never see Ferrari stuff other than on the internet. Its not in the shopping malls or other stores. I can understand the complaint in the increased production numbers, i dont necisslary agree with it but Ferrari is a company that wants to make money. Who can blame them.
     
  18. Cavallini

    Cavallini Formula 3

    Nov 2, 2003
    1,835
    I must differ with your letter.

    Who cares if people are willing to buy a piece of Ferrari, any piece they can get? They are a competitive sports team, just like Manchester, the NY Yankees and the Oakland Raiders. It just happens that they also make a product that very, very few people can afford. I don't see any tarnishing of the brand from that perspective. The cars are just as rare, just as arousing and just as desired as they were forty years ago. The name still rings special to people across the globe. People are fans, and unlike the Raiders or the Yankees, you can't buy a part of those franchises the way you can buy a Ferrari.

    If anything, the proliferation of affordable branding products makes the cars even more special, the way McDonalds makes Le Cirque so very special. They both sell food, but after that the similarities end.

    Moreover, the owners of the cars are still the focus and in many ways the envy of everyone who can only afford a tee-shirt.

    Besides, would you rather see Ferrari sell part of its soul to GM to make money? Or would you rather see a Ferrari SUV, or perhaps 50,000 Ferrari's produced every year?

    It is a business, gentlemen, and LDM's improvements to Ferrari and Maserati were very costly. We love the new cars but perhaps we don't like what it took to make them. I, for one, have no problem with Ferrari laptops, tee shirts and even coffe mugs. Someone must pay. Better the fans pay in the millions than lose the exclusivity of the cars. You can't have it both ways, not these days.


    Forza,



    Cavallini
     
  19. Ingenere

    Ingenere F1 Veteran
    Owner Silver Subscribed

    Dec 11, 2001
    6,453
    On the Limit
    Full Name:
    Dino

    I think that you are making my point. Part of Ferrari's specialness was its elusiveness, it's invisibility. That is gone, period. Production numbers are inflated. Just drive along PCH or South Beach or the North Shore of Chicago. There are more 360's than Accords. Ferrari has become more of a statement...a gold chain. I think that while the enthusiasts are there, they are fading. Take a look in the Ferrari Market Letter....while there may be only a few offerings of all the Ferrari models since day 1......there are 3-4 pages of 360's for sale...and that's not just because of the 430...its always been like that since its intro.

    I think the LDM got a 20million Euro bonus, as did Todt (17), the last time I bothered to take a look. Ferrari is HUGELY profitable. They could make winning cars, lower production numbers and not whore out the brand and cheapen the whole thing.......and restore the vanished exclusivity and mystique. Maybe they could even pay the workers a bit better and cut their bonuses.

    That's my story and I'm stickin' to it!! :))
     
  20. Cavallini

    Cavallini Formula 3

    Nov 2, 2003
    1,835

    Ingenere, I agree with you, truly I do. It would be wonderful to see fewer Ferraris, or perhaps a less commodified and poseur-fied Ferrari brand, but it was in fact Enzo's desire for the rich and famous celebrities to drive them. He's as responsible as LDM, in a way, for what has happened. This emphasis began with him. He did not emphasize the enthusiasts, to my knowledge. Isn't that why we have Lambo? This status-symbol emphasis started with il Commendatore himself and it just grew, ballooned is perhaps a better word. ;)

    I have to disagree though, about the exclusivity and mystique. They still produce rare, limited edition models in proportionally the same numbers as they did in the 50s, 60s, and 70s. And aside from Monaco, Beverly Hills, South Beach, and evidently some areas of Chi-town, the mystique is alive as ever. That's why we have F-chat and that's why F-chat has grown so much. I don't see a Lotus chat anywhere, and they make superb cars (Please correct me if I'm wrong about Lotus Chat).

    It would be interesting to see if the percentage of Ferraris relative to other cars on the road has risen in the last forty years.

    As far as LDM's and Todt's bonuses are concerned, they're unbecoming, simply because the company's business is not finished. I think bonuses of this type could only be appropriate along with company-wide bonuses and more comprehensive successes, i.e. Maserati, Alfa and Fiat. With Fiat still under-fire and underfinanced I could never accept a bonus of that size. I would defer it until the entire ship is sailing smoothly.

    But, of all the CEOs in the world only the gent at Nissan has transformed a company as thoroughly as LDM. By today's corporate scorecard he's worth even more than what he received.

    Again, I agree with you but Enzo set this train in motion, for better or worse. By the mid-90s, the sports car scene was very, very different than it was even in the late 1980s. How would he have adjusted? To gauge by his other decisions on the road and the track, he may have insisted that nothing could touch a Ferrari just because it was a Ferrari, and that the driver should make all the difference, whether the machine could compete or not. With that philosophy, what would we have today? Lotus, maybe?

    There is perhaps a less Times Squarish way for LDM et al to conduct business but the game, on the road and the track, is so, so different than it was when Enzo was alive. I can't say that I would do to many things differently- only the bonus. ;)

    But I always like a man who sticks by his story. ;)


    Forza,


    Cavallini
     
  21. jaturon

    jaturon Formula 3

    Oct 25, 2004
    1,599
    Bangkok Thailand
    Full Name:
    Zane
    Love reading the mag as it also covers a lot on ferrari in each issue.
     
  22. Carlo_Costache ancora

    BANNED

    Jun 20, 2005
    182
    SanRemoIT/CannesFR
    Full Name:
    Gaincarlo
    CAR is abit of a better read.
     
  23. ryalex

    ryalex Two Time F1 World Champ
    Consultant Owner

    Aug 6, 2003
    26,003
    Las Vegas, NV
    Full Name:
    Ryan Alexander
    Their writing with its witty allegories and metaphors is the most entertaining of any magazine. All others really just provide information, and lack obscure literary and historical references. It's like Dennis Miller hosting Monday Night Football referring to the Sword of Damocles.

    Plus at 1,387 pages per issue, it takes a good while to get through. I usually buy one when I fly to kill a lot of time.
     
  24. Carlo_Costache ancora

    BANNED

    Jun 20, 2005
    182
    SanRemoIT/CannesFR
    Full Name:
    Gaincarlo
    exactly
     
  25. riverflyer

    riverflyer F1 Rookie

    Nov 26, 2003
    3,583
    Mendocino, Ca
    Full Name:
    John
    Interesting thread. I can see your point Ingenere but do not agree fully. I think as much as Ferrari may have moved into the realm of ridiculous commercialism purposefully, the opportunity is accelerated geometrically by the "world village" that we all live in and Fchat so clearly illustrates. What used to be, as you say, a more intimate situation, has now become in instantaneous world event. Its hard to fault any business for not taking full advantage and as Cavallini pointed out, the old man himself set the rudder years ago.
    Personally, I am grateful there is a car that stirs so much driving pleasure and is produced in sufficient numbers so that I can afford one. For example, I would love a Zonda, but that may never come to pass. I can, however, afford a higher volume edition 360 and while it does not afford the exclusivity the Zonda would, its still an extremely engaging and wonderful car to own and everytime I step into the garage, it captures my attention completely. There is a current thread on 6speedonline in the TT section about how their cars can walk all over 360's. You know the drill and its true that the tt is faster than a 360. Yet I bet 95% of those guys would trade car keys with me in a heartbeat. Why? Because of the intagibles of sound and style that Ferrari, even as a modernized and very commercial business, brings so clearly to the table.
    So yes, Ferrari has gone over the top commercially, but thankfully has not lost sight, imo, of the heritage. And though the numbers have increased, the driving experience has remained unique, and still very very special.
     

Share This Page