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Discussion in '458 Italia/488/F8' started by tatoweb, Aug 19, 2021.

  1. tatoweb

    tatoweb Rookie

    Aug 22, 2012
    49
    Hi all. I sold my 2011 458 Italia with 8900 miles 5 years ago. Since then, I've been totally out of the Ferrari scene. I just did a search and feel prices have increased a lot. I sold mine for $174,000. Comparable cars are all over $210,000 up to $230,000 now!!.

    Is this related to Covid lack of production or is it just 458's being last ones naturally aspirated?
     
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  3. Viperjoe

    Viperjoe Formula 3
    Silver Subscribed

  4. Divexxtreme

    Divexxtreme Karting

    Aug 14, 2020
    168
    Full Name:
    Scott
    I think it's everywhere. I just sold my 2016 Huracan for $35k more than I paid for it 2.5 years ago.
     
  5. tonyswfla

    tonyswfla Formula Junior
    Silver Subscribed

    Dec 2, 2007
    810
    Florida
    inflation
     
    tres55, jc1 and Shark01 like this.
  6. FFan5

    FFan5 Formula Junior

    Jul 7, 2018
    429
    I was going to spend a few months in Italy with my family in 2020. We used to eat out five nights a week. I've got more money for cars than ever before and I doubt I'm unique.
     
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  8. IloveGT

    IloveGT Formula 3
    Silver Subscribed

    Oct 17, 2015
    1,924
    free money in the market, makes you wonder about the efficacy of PPP money. Everything including the 2 by 4 in home depot.

    Now people chose not to work because they make more money that way.

    I will soon enter P&R forum to frigging vent.
     
    BMW.SauberF1Team likes this.
  9. mkraft3003

    mkraft3003 Formula Junior
    Silver Subscribed

    Aug 20, 2016
    730
    Tampa, Fl
    Have you looked to see what your house is worth today versus a few years ago? Have you taken a look at what a used Honda is worth today versus a few years ago? How about what used watches are going for? Have you priced construction materials recently?
     
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  10. Bkclients

    Bkclients Karting

    Nov 30, 2010
    59
    I could have bought my Pista last year for about $50k less than I recently purchased it for today. The real question is how long can inflation continue as there seems to be no end to the Raging Bull.

    There is nothing transitory about higher food, retail, home and car prices which have surged due to the economic stimulus. Whether monetary easing can cure this only time will tell, but exotic car prices seem to have no problem going higher without demand waning one bit.




    Sent from my iPhone using FerrariChat
     
  11. mdrums

    mdrums Formula 3

    Jun 11, 2006
    1,305
    Tampa
    Full Name:
    Mike
    All cars have increased in price…I drove a Jeep Grand Cherokee for 2 years and only lost $3k… sports and exotic cars have increased in value
     
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  13. RayJohns

    RayJohns F1 Veteran
    Silver Subscribed Owner

    May 21, 2006
    6,867
    West Coast
    Full Name:
    Ray Johns
    Everything is up. Check out the local car lots and most have limited inventory. Supply chain issues, etc, etc.

    I bought my 458 originally for $220K. I drove it for 3 years and sold it for around $175K.

    Today it's probably back to being worth $215K or more.

    Ray
     
    Mikael-F360, Gh21631 and GT2goneF like this.
  14. DiamondDog

    DiamondDog Formula Junior
    Silver Subscribed

    Aug 29, 2021
    313
    Orange County, CA
    Full Name:
    FKC
    I'm new. I sold my 2018 Porsche turbo as a trade. I bought it used. I received 14. k more on trade in that what I paid for it. It was chalk colored with red and black interior so it's highly desirable. I got a 2018 488 Spider with the proceeds
     
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  15. Drizz

    Drizz Rookie

    Aug 28, 2021
    15
    Orange County, CA
    Full Name:
    Andrew
    Nice return! I was recently offered from a dealer more for my 2020 Carrera S than what I paid for it new 13 months ago. Crazy time.
     
  16. Tarek307

    Tarek307 Formula Junior
    Rossa Subscribed

    Sep 26, 2018
    881
    Long Beach, CA & Alexandria,Egypt.
    Full Name:
    Tarek Salah
    Many dealers are buying cars up, and putting whatever price they want..auction prices for the cars have increased a bit but not as high as the dealer listed retail prices have increased..i don't think this model will last that long, i don't see the cars going back to the $140's but i do see them declining a bit then leveling off. $250,000 for a 458 that was $180,000 a few months ago doesn't make sense..buyers will get to a level and stop buying, then prices should correct
     
  17. Michelin

    Michelin Rookie

    Feb 22, 2019
    9
    Full Name:
    Michelin
    The biggest impact on car prices currently is due to the global chip shortage. Deliveries of new cars are heavily impacted, so people have resorted to the used car market. You see this at the high as well as low end of the market. Incredible situation.
     
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  18. 430jm

    430jm Karting

    Jun 11, 2017
    164
    Atlanta
    458 not a good example, as many if not most now regard them as modern classic. Those prices are not going to dive.
     
  19. italiafan

    italiafan F1 World Champ
    Silver Subscribed

    Jul 19, 2006
    12,130
    Full Name:
    Stickbones Swagglesmith
    I agree. I think quite a few enthusiasts have come to the conclusion that the 458 series represents a high water mark, if not THE high water mark, for mid-engined V8 production Ferrari’s going back to the very beginning through the F8. Introduction of the 296 put the final nail in the coffin for dreamer people still wishing Ferrari would continue with unassisted V8s.
     
    Graz, turbokraft, Mikael-F360 and 3 others like this.
  20. GFD

    GFD Karting

    Aug 24, 2014
    87
    Northern California
    Also shipping delays
    And port delays - no people to unload the crates.
    Backlogs at every point
     
  21. kryten2001

    kryten2001 Formula Junior

    +1

    The 458 is going to be the next 355. Prices down here have gone nuts over the past few years.
     
    Rexcat458 and 430jm like this.
  22. FerrariCognoscenti

    FerrariCognoscenti Formula 3
    Silver Subscribed

    Jan 19, 2021
    1,181
    East Coast
    Agreed


    Sent from my iPhone using Tapatalk
     
  23. mdrums

    mdrums Formula 3

    Jun 11, 2006
    1,305
    Tampa
    Full Name:
    Mike
    I should of bought the 458 Speciale back in March 2020 I was looking at for $335k….they are now selling for $480-$500k….!
     
  24. plastique999

    plastique999 F1 Veteran
    Silver Subscribed Owner

    Nov 9, 2008
    6,972
    SoCal
    Full Name:
    Edward
    Traded mine in that year for $315k
    Bought back another for close to $400k…


    Sent from my iPhone using Tapatalk
     
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  25. Mikael-F360

    Mikael-F360 Formula Junior

    Apr 3, 2017
    750
    Finland
    Full Name:
    Mikael E.
    This three years was just about the time people needed to understand how special of a car 458 truly is. Now it's becoming quite clear to everyone what it represents in the line of FCars.
     
    Graz and 430jm like this.
  26. Mikael-F360

    Mikael-F360 Formula Junior

    Apr 3, 2017
    750
    Finland
    Full Name:
    Mikael E.
    Next icon like 355 for sure. But WITHOUT the servicing cost nightmare. 458 is rock solid really!
     
    Graz and 430jm like this.
  27. Solid State

    Solid State F1 Veteran
    Rossa Subscribed Owner

    Feb 4, 2014
    6,996
    Full Name:
    Blue Horseshoe
    I think with a Ferrari model you know instantly whether its special or not.
     
  28. Mikael-F360

    Mikael-F360 Formula Junior

    Apr 3, 2017
    750
    Finland
    Full Name:
    Mikael E.
    Only time can tell that sometimes. You don't necessarily know what car is an end of each line. And trends change and evolve with times.
     

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