Ferrari dealers no longer taking orders

Yes, it's too bad that they let too many "speculators" buy these cars. And when they get them, all that they do is flip the car immediately for a huge profit. To anybody that has enough dough to pay that much over price, and doesn't care, just to be the "First guy on the Block, (or country club) to have one".

Gee, I though that Ferrari was a little more "picky" about who (or whom.... ) they sold their cars to.....I Guess that after Enzo died, that train of thought went down the toilet.... It's all about the weak, but almighty Dollar! Who cares about the car! right?....

I mean, wouldn't you think that Ferrari wouldn't want to sell their cars to some guy that doesn't really care about the car at all.....All he wants to do is get that thing here as quick as possible, then turn a very tidy profit....Courtesy of Ferrari!

Lamborghini does Not do that.

You CAN get these Ferrari cars, RIGHT NOW. But....be prepared to pay $50-$80-$100K, or more...OVER Sticker.

 

What are you saying; Lamborghini only sells cars to people that care about Lamborghinis??

 

Actually, some of this is due to the weak dollar (as compared to the Euro).
It is down over 20%, which means they are getting, what, 30-40K (US) less for the same car. I bet the middle east is having NO trouble getting orders in (awash in oil money!). Maybe those looking for a new 430 or 599 should take a trip to Ferrariland in Dubai (is that where it will be). With the $$$$ you save from not buying it from a flipper, your trip would be paid for!

 

Joe,

LFSC is sold out for the 430 and is already taking orders for that car's replacement. Despite certain dealers being allocated so many cars, that is amazing to me. Last time I talked to them a few months ago they said that for some people with a history with the dealer and Ferrari, some 599s may be made availible. I guess this means if current orders are backed out of, those on a list might get bumped. But can only speculate on this 599 deal.

RocketBoy

 

No. I suppose that I should have phrased that differently. Thanks for pointing that out.

When the new Ferrari's come out. The word is "You can't get one." Or "They're all already Sold". (Like David said.)

Then, it's "Well, maybe you can get one, if you are a Regular Customer at a Dealership".

Then, it goes to "Well, maybe I can get you one, but it's going to cost you $75+K over sticker".

Then, it goes to "I'm on the 3 year waiting list for one".

I am not sure how much of this is actually Ferrari's fault. Or caused by these "Speculators" that get them, and flip them immediately for a huge profit.

Lamborghini simply just sell their cars at Sticker price.

No dickin' around.

No , or very few "speculators" buying them, then trying to flip them immediately.

No "$75K over sticker".

No "3 year waiting list".

None of that B.S.

 

Exactly!!!

 

That makes more sense.

Ya had me confused!

 

No. From what I've read about the "Old" Ferrari. Enzo would NEVER sell one of "His" cars to just anybody. Regardless of how much money they had. Who they "were". (Or who they " 'Thought' they were"... ) No, they Had To Be a True, Real, Passionate Ferrari LOVER. And, IMHO, these "dot.com and portfolio speculators" who are "In" with the Ferrari Dealers so that they can get an early car, SOLELY for the purpose of "Flipping it" immediately, are not meeting those qualifications. They don't care about the car as much as they care about the $50-$100K they're going to make off of it. And, it's too bad. And I think that's what screws it up, IMO. I guess that I'm old fashioned....

 

Yeah, thanks. No, I get alot of Monthly Automobile publications. And that's where I see it. IMO, these cars should go to someone who is going to love it and use it and have it for what it is. Not for the extra money that it can make. But, hey, I guess that's what it's all about....the weak, but almighty Dollar! Too bad....

 

From what I understand, it's the dealers/resellers that tack on the premium; not the factory.

I believe the factory frowns on the dealers doing this.

 

Yes, I definitely agree with you. But, maybe the factory should keep an eyeball out on these practices......

 

Tell me any business that does not give preferential treatment to longstanding customers. If the cars were produced in higher numbers, this would not happen. The market sets prices, not dealers. If you could sell a product for X amount to someone, or 2X to someone else, would you care about how they intended to use it?

NONE of it is Ferrari's fault. Again, market forces rule the day.

That is because they would lose money immediately.

I believe the Gallardo Spyder is being sold at a premium. And if the market could sustain 75K over sticker or a 3 year waiting list, these things would exist. I had a Lambo, and loved it, but these cars just do not hold the residual value a Ferrari does.

 

Doc, you are right on regarding each point. Gallardo Spyders are going for over sticker right now, just as the early coupes were in late 2003. (BTW, just saw an orange spyder on County Line Rd. in Burr Ridge) The whole "over sticker" thing is a simple case of supply and demand.

 

Oh yeah, I agree with that point....It wasn't the point that I was making....but I do agree with it. I was referring to the guys that buy them solely to Flip 'em. Somehow, they squirmed their way onto these dealer preference lists.

No, I really don't care about the intended use of the car by the buyer....Unless, it's screwing around the system for the dedicated buyer that really do WANT one. Which is why I used that Enzo reference. As to how (why?) he would only sell "his cars" to true Ferrari enthusiasts. Regardless as to whether the buyer had the money to buy it. It did not matter to him. Kind of like a "speculator" of today..... (which was the whole point of my post.........) I bet that if Enzo was alive today, you wouldn't see this much of the "Speculator flipping" going on.

Again, I agree. I did not mean "Ferrari S.p.A." I meant Ferrari Dealers as a whole here in the U.S. (It was just easier to say "Ferrari"....)

Who cares! If they're just speculatiors out to make a quick buck, courtesy of Ferrari. Who cares if they make any money off of the deal....except for them, maybe....

Yes, the first few of any Brand New Model most likely are. The first few Gallardo's sure did. But it did not take very long for them to be readily had at sticker, or less. Same with the new Ford GT. Exhuberhant prices for the first few. Now, they sit in the Dealer Showroom going for just about sticker price. Except for maybe a few buyers that don't know any better. Or who may buy a new Car from some Car Dealer other than the Manufacturers Dealer. It was just the guys that "wanted to be the first on the block" to have one at any cost. It's like that with ANY new model car coming out. Geez! Even P.T. Cruisers were selling way over sticker when they first came out! But it died down very quickly. But because Ferrari makes so few Cars, it takes longer for a real Ferrari enthusiast to get one. And, I believe alot of that has to do with these "speculators".......

And absolutely! Once they get more in, it won't be like that. I couldn't agree with that more...., it's simple High School Business 101...."The supply and demand principle", which, I believe is being manipulated by ...."Speculators". Just like I said!!!... Look at E bay Motors. Then, look at the Ferrari section. You'll probably see many 430's on there already, trying to fetch way above the sticker price. It was like that with the 360's. And, look at how many 360's are flooded on there now. Or, ferraribuy.com Look under the 360 models, and 430 models. You'll see what I'm talking about. Zillions) ) of 360's out there now at much lower prices. Probably, many of them were bought for a huge price over sticker. Then look at what people are asking for 430's. Oh sure, somebody will pay it....Probably the same guys that paid tens of thousands over sticker for a 360....

But with Ferrari, it goes on and on and on and....And, IMO, alot of it has to do with these "speculators" that are simply out to make a quick buck....Which was THE whole Point of what I was saying!

As far as residual value on Lamborghini's go. Have you seen what they are selling Miura's for lately? I saw an late '60's SV model going for $410K! And, I don't know how much the Countach's were when they were New. But, you can't touch one now for much less than $75K! But they are usually more in the high $80's to Low $90's. And "Nice Ones" are over $100K now. Seems like a Very good residual value to me, seeing as what 80's TR's are fetching lately, compared to their original cost....