ferrari ads & ebay

Whats with our section of F cars that are for sale. Every time i check there seems to be one or two cars added, however there are none that are falling off. Are there no buyers out there right now? Is the economy taking its tole on Ferrari buyers as well? Whats this going to do to the pricing structure of F cars? I have looked into what is selling on ebay and it seems to be just the cheater type cars(cars with higher miles and very good bargains). If you look at ebays completed listings it seems scary to see that there are only about 3 cars over the last 3 months that have actually been sold thru ebay itself. Now im sure that some there were some that sold outside the auctions, but what the hell is happening here? It seems as though sellers are going to have to reduce pricing alot in order to sell some of these cars. SUPPLY AND DEMAND!!!!!!!!!

 

But what about ebay. I look and see the same cars running over and over and over.

 

it does serve as a great marketing tool, however if you watch week after week there has been the same cars running,and the ones that are getting any action at all are recieving rediculously low offers and bids. ive been watching for awile and the same cars are getting to the same money (as far as bids go) every time they run and they are not selling. These same cars are being advertised on different websites as well. How cheap do they have to get to sell these cars? It seems to me that alot of people have taken a hit with the economy and are trying to unload their cars for full retail plus. On the other hand the few buyers that are out there right now are really trying to steal these cars. Whats this going to do with pricing? I know that Ferraris on the used market lose less percentage of depriciation than say a Cadillac or any other "regular" car. Is the used Ferrari market pricing slipping into the tank with the rest of the economy? It just seems that there are alot of cars and not alot of buyers.

 

I think you are right on this one. Alot of dealers are in a bad place with alot of their inventory not just F-cars. I was in Marshall Goldman on Tuesday of this week just kicking around and they have a huge inventory of F430s and 360s on the showroom floor. They look really cool sitting there, however I would not want to be responsible for floorplan interest that they are accruing while these cars just sit. take a look at a dupont registry from 4 months ago and you will see that dealers have basically the same cars at the same prices and they are just sitting going down in value with the rest of the economy.

 

My personal feelings on your situation is like this. I dont believe that cars such as the 308 and the 328 will go down in value much more than maybe $5k-$8k, however the cars that are flooding the market are the 01 02 03 04 360s, there are a ton of spyders, these cars have to come down because there are so many of them its crazy. Just about all of them are priced as though it is still 2001 and the economy is alive and well. Think about this, look at 308s for an example. A 1979 model is usually very closely priced with a 1985 model, it really doesnt make a difference what you want to buy except for the basics, whether you want carborated or fuel injected they are all in the same price range. This being said, at some point in time 360s will be priced about the same whether you are looking for a 1999 or a 2004. There is still such a spread there that it doesnt make any sense to me why someone would buy an 04 360 spider for $40 or $50k more than a 1999 or 2000. If you are able to pull the trigger now on the 328 that youve found I would say go for it. But for anyone in the market for a 360 I think that there is no point in paying the extra money for a newer car that looks and drives the same as the earlier years.