Lots of optimism in Ferrariads.com

Hmmm... Maybe that is the market...

See the LOC thread is the Lambochat down below...

 

Optimism is good......

 

so are negotiating skillz....

 

There could be denial or it could be patience or a bit of both. In the last few months the market prices have been set by people who had to sell. People who were interested in selling, maybe they have another car in mind, but didn't have to sell just had to stand back. With FerrariAds, it's basically a free service that comes with the site membership. If it cost you anything to list, then it wouldn't make much sense to post an asking price that had a 0.1% chance of getting hit. But since it's free, some people might be willing to see if the market was as soft as people are saying. Those who were testing the waters will just let the ads expire, those who have to sell will drop their prices. Those who really have to sell now are probably better off talking to brokers/wholesalers anyway.

From what I hear, cars are getting offers from brokers/wholesalers at the ranges we debate ad nauseum here, which means that buying *is* happening. I think the problem is that owners who *have* to sell are a bit more likely to have the car on finance or lease which means that they can't sell if they're underwater at current wholesale, since they can't make the payoff. In the end the pricing will get firmer or weaker, depending on whether the supply of owners who *have* to sell or have their car repossessed is declining or rising.

 

It's not just Ferrari ads. You'll see prices all over the place in every car listing service. This is normal in a falling market, and not just for cars but anything really.

Dave

 

Time.

Plus.

Dollars....


Just give it time, just give it time.


BTW, 355, 360 sellers... I have $$$$$! PM me...

 

Well they are Fchat owned cars by various members, that should count as some sort of premium.

 

"Irrational Exuberance"

 

I posted my car and I have received interest. If you are priced correctly and have a nice product there is interest.

 

Ha ha.

fu$%ing Greenspan

 

I've been watching for the rumored "falling market". While used Maserati prices are lower than I expected, I haven't seen much of a fall in "regular" Ferrari prices. Or Benzs or other "regular" luxo cars.

What I *have* seen is that some of the rare cars are coming out to play. 250 Lussos, Daytonas, and other cars you usually had to pry away from an owner are showing up on the market.

I'm thinking this economy is hitting the big market players more directly than the common joe.
Yes, your 401k may be more of a 201k now, but that doesn't translate to "liquidate assets now", for the wage slave.
(The reason government is all atwitter would be that the guys getting hit hardest are the ones that pay most of the taxes.)

 

Your certainly not serious... Good one though

 

I think most Ferrari owners aren't desperate to sell and if they have a good car, they know what it's worth and aren't just going to dump it on the market cheap, just because the economy is slow. These are Ferraris, not Honda civics.
Spring is only a couple months away and prices typically, will be going up from here.

 

Wow, I thought just the opposite. When you can buy a 2 year old, now 3 I guess, CLS55 AMG MBenz for 40K that sold new for over 100K I'd call that a real bashing.

 

+1