How low will they go? | Page 2 | FerrariChat

How low will they go?

Discussion in 'Porsche' started by defros, Nov 1, 2008.

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  1. defros

    defros Karting

    Aug 25, 2004
    135
    Beverly Hills
    Full Name:
    Dima
    the SLR would meet a even more rough fate.[/QUOTE]


    I am not about doom and gloom. I am just looking at what is happening all around me , throughout the entire world. The prices on all cars are relative and yes, the SLR would meet an even more rough fate. There is no doubting the fact that the Carrera GT is a great car, but it is not that limited in production to make it immune to world events. Most cars, with few exception will see dramatic reductions in value. Time will tell very shortly if the statement is true, but everything points to this being very accurate. The sale price of the Ferrari F50 at the RM auction is a great indicator to were the market prices are heading. I purchase my cars for enjoyment, not investment. I will not need to sell any of my cars, but I have many friends who are not as fortunate. When people will need to sell there cars, we will see prices dipping into the prices Joe is talking about.
     
  2. Mrpbody44

    Mrpbody44 F1 Veteran

    Jul 5, 2007
    7,899
    St Augustine Florida
    Full Name:
    Steve Metz
    With 1270 cars built and probability of 10%-15% of the cars for sale at one time that would be a lot of metal to move.
     
  3. James_Woods

    James_Woods F1 World Champ

    May 17, 2006
    12,755
    Dallas, Tx.
    Full Name:
    James K. Woods
    Or a lot of carbon fiber? Hate to say it, but the attrition rate on these seems to be pretty high - so maybe someday they may be a lot more rare than seems possible now.
     
  4. LightGuy

    LightGuy Four Time F1 World Champ

    Oct 4, 2004
    46,160
    Texas
    Full Name:
    David
    This is what KILLS the value of the XJ220. Now with no factory parts support. $40k for a major IF the parts can be found.
    The Porsche factory will not let this happen to the CGT as it still is their flagship and with today's economy it will be for awhile.
    I hear people talking about hoping the cars come down to 200. I'd rather the economy picks up to where I can buy one at 450.
     
  5. defros

    defros Karting

    Aug 25, 2004
    135
    Beverly Hills
    Full Name:
    Dima
    Never say never. Ebay has a buy it now of $279,000 on a clean car, being sold by Ferrari of Houston. Item #290278161829. What will this car be selling for in a few more months?
     
  6. The Ape

    The Ape Formula 3

    Feb 28, 2007
    1,793
    Los Angeles
    Full Name:
    Ape
    Less
     

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