458 Is the 458 market crashing?

“Is the S&P 500 crashing ?” Come on now.

These YouTube videos are tiresome. These people are just trying to do anything for views.

 

No

 

The 458 prices are up >30% since pre-Covid. As most cars ultimately depreciate unlike the S&P500, it is inevitable prices will return to prev-Covid levels over the next 1-2 years.

 

No, not likely if previous inflationary periods are any indication of what will happen in the future. There will be a bottom at some point, but it will not return to the previous lows.

 

In response to the OP's question in the thread title ..... NO.

 

I hope the market is crashing. Would love to have lower insurance premiums and cheaper parts.

 

some softening, primarily on the 2010 and 2011 MY, but not what I would call a crash. Time will tell.

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I’m so glad to hear I’m not the only person that feels that way!

 

As an active shopper the past 7 months, I've found the videos made by that specific guy very informative and well done. He didn't at all say the 458 market is "crashing", he is saying that the on-fire value increases of the past year may be finally showing "cracks" as in some softening, which is accurate.

But, since I finally bought my car yesterday, I can now be like the rest of you guys and not care about "market" stories!

I'll get some pics and intro to my new Italian up in a few days.

 

I think the 458 will hold strong like the Porsche 993. Lots made, but last of an engine type. So demand and price stays high.

 

This, exactly. His data driven analyses are really well-done, incorporating a statistical component to help viewers assess confidence intervals. Useful breakdowns on key variants, and I like the way he tracks market inventory. That said, the video titles are often exaggerated and clickbait-ish.

 

There really isn’t enough data to determine long term trends in a short period of time. If there were 100’s of monthly sales to plot you may be able to come to quicker trend prediction. With the few numbers of selling units a few low ball, I need the money, sells will mess up the true current market value on a chart.

 

FWIW, I check DuPont Registry every week. There seem to be fewer at least Spiders on the market and the local dealer, finally, has some on its website. All at very strong prices!

 

Agreed.

 

In a (repeated) word - NO. The "market" for all exotic/sports cars has been insane for a while now - That will return to a normal level - which is not a "crash" - You could call it bubble decrease but not a bubble "pop" or a value "crash". 458s specifically will continue to hold strong due to the well-known factors of last NA and last PF - not to mention they are fantastic, well-built and well-rounded exotic cars that sound like nothing else.

Most people did not buy normal 458 Italia's or Spiders as investments - if they did they bought for the wrong reasons. The lucky owners who bought before the craziness can see/enjoy a spike in value - but that value is only tangibly realized if they sell the car - some do and pocket the profit - most don't.

If you bought the car on the lower end and keep it then you will see a spike and a normalization and at the end of the day you own a car that worst case is flat or most realistic case still appreciated enough to cover maintenance costs. If you bought during the spike then perhaps you "over paid" and from a value standpoint you will take a loss - but you still have a fantastic car that even with the normalization you still did not lose anywhere near the money of buying a new F350 for example so who cares. If you paid $270K for a 458 you will "lose" money / if you paid $210K for a 458 you will "make" money - but who cares. If someone paid $210 or $270 for a 458 thinking that was an investment then I hope they are not an investment banker

Cheers

 

As someone who is in the market for a 458 I wouldn’t mind the prices pulling back a bit. I doubt we’ll see a drastic drop like we will in the broad used market. Should have bought two years ago but was waiting to hit a milestone and in the meantime prices blew up. Either way, whether it’s $200k or $260k that I spend I’m viewing it as money spent as I’m not likely to ever sell it. Cars should be bought to be enjoyed. Not investments.

 

I paid 242k two weeks ago. Could't be happier, though I am seriously considering buying earplugs as car is soooo loud (IPE F1 exhaust).

Do it, Wildwoody!!

Brian

 

Sounds like you’re loving it so far! Saw your post in the picture thread. Yellow calipers really make that car pop. Hopefully will be posting an incoming thread and enjoying that beautiful sound myself shortly.

 

It’s only an investment or a loss if you sell it. Lol. Ultimately you have to decide what it’s worth to you because no one can predict the market. That being said since I just bought I expect the market to crash now

 

You could trade it for an F8 and the "loud" problem goes away (WADR to F8 owners - F8s are fantastic and insanely beautiful!)

 

I am by no means an expert - just a reasonably knowledgeable enthusiast/owner - but my guess is you will see 458 Italia prices back in the $220ish range and Spiders in the $230ish range depending on spec/history/mileage (although mileage should not be a factor IMHO) - I don't think 458s will ever be a sub-$200K car and will settle into the $220-250 range and stay there. Just my .02 - Cheers

 

IMO, Our country is in financial turmoil at the moment and most people in the current low mileage 458 / just sub $300k market, are in a holding pattern w/ their money. This is from my own observations and info obtained from close friends in the industry. A lot of cars have come down, but the 458 still is holding it's own, w/ a only a minor dip. No matter what, it will always be the last naturally aspirated V8 period, which will always greatly attribute to it's collectability. I was talking w/ a friend last night in the biz and who just took delivery of his Tributo, that car will also be collectable, because it's the last non hybrid turbo V8, before the SF90 went rogue (no matter how impressive it is). I think if things are more favorable for the country post November, it will eventually turn back around, because buyer confidence will return....

 

It makes me sad to hear this type of 'investment' conversation.
It seems to me these are not car people.
Here's a novel idea. Try taking the car out and driving it for the pure enjoyment. You are blessed to have such a beautiful car, do Enzo proud.

 

I was lucky enough to buy a 488 GTB in June 2020 (+19% in the US market, according to the video). After more than 2 years and 12,000 miles, I could sell it in my local market at no loss (if not a small profit).

From a purely financial perspective, I should sell now.

But fk that, I'm going for a drive.