Scud price increases over the past 3-6 months

I feel like I'm living in Bizarro World right now. I have been in the market for a 430 Scud for the past 6 months but haven't found one, for either mechanical reasons, or spec, so I've not done a deal. Now whether it's hyper inflation showing its ugly head or just a tulip bubble, I'm seeing cars that were 180k-200K in Jan listed for 220k-240k.

I'm looking for a 15k-20k mile car but not willing to spend 220k. Especially when the Ferrari Market Letter is showing a value of 195K. Am I looking in the wrong places or is the Scud following in the 430 six speed tornado?

 

Many things have gone up in price this past year, not just Scuds. All used cars have, along with houses, gas, food, etc.

 

Yes, but with few exceptions like lumber and construction materials, a 20% increase in 120 days in not the norm.

 

Lumber is crazy last time I checked. Trying to get fencing in and pricing of material is 300%

 

Everything collectible is sky high. FML is going to lag the actual market.

 

Not to be too blunt…but stop wasting your time looking then.

The market has changed.

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Window has passed……

 

the days of 180 nice condition , no story, Scuderia are gone

 

...for now. Be patient.

 

It is in a bubble, would not recommend buying now. Continue to save and better your cash position.

 

Or it's the start of an inflation cycle that will permanently change your perception of value and purchasing power.

If you want a Scud, buy a Scud. Focus on buying a good car. Forget about the money. (Whether it's a bubble or inflation) In a decade the price you buy at today won't matter at all.

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Its only worth what someone will pay. Find that right spec and make offers.

 

Agree to disagree......forget the money? You might be loaded, but for me an extra $30k is very meaningful. I would rather not make a deal at all than make one I wasn't comfortable with. This inflation bump will disappear soon enough.

 

I’ve been telling myself the same thing for the past 11 years since I passed on a one owner 3000 mile Ford GT for 130 grand [emoji30]. I’m not saying the Scud is headed in the same direction, but there were other Ford GT’s soon after that I could’ve been purchased for 30 grand more….


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I’m kind of in this camp right now. My gut says we are totally screwed on inflation. I just financed most of a G63 that had gone up $20k in the past year, because they’re offering very low rates even on used cars, to the point inflation will more than eat up that interest charge (plus it’s a hefty tax deduction for 2021).

 

But you didn’t, so you chose to do something else because you felt for some reason that a $160k Ford GT wasn’t the right car at the right time. Prudent decision.

On the other hand, I went on a 45 mile drive in my FGT over the weekend and it’s a thrilling experience to drive hard every time, very visceral, with the driver being very involved.

 

you plan and God laughs. if you can, buy it now. you dont know what tomorrow brings. fwiw i agree with mike, this cld be the new normal for a long time. last manheim scud went for good money last month. 180K retail for scud is no longer.

from mid may:
"a black 2008 scud with 15k miles went for 178k this week at a manheim wholesale auction"

 

There was a 2009 Red Scud listed for about 185-190k about 2-3 weeks ago. 26k mi. Sold within 3 days of listing. Even if you do find a deal, you need to be faster than everyone else.



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This auto supply shortage was just right excuse for buyers and sellers to agree on higher pricing for these special cars….. I bet the scud was on many peoples radar …. Now w supply drying up buyers are scrambling to secure one. This bubble seems different than the 2000’s muscle car bubble.


Side note— saw a nice gt40 this weekend in garden oaks….. was that shark? Sweet car.

 

It’s all relative. Exotic car prices are up because everyone’s net worth is up hence they are willing to pay more. Prices will come down if everyone’s net worth is down. Guess what, your net worth will be down too, hence your purchasing decisions will also change.

 

Thats how a scud is worth. Its not in a bubble. It went to a low point due to supply, but aggravated by all used car pricing, its now on the right price.

Wait 6 more months then it maybe too late.
Adjust your pricing. Look for the right car, not just the price. You may even be less picky a bit since they dont make it anymore.

 

But, it is not a currency inflation bump at all, instead most everyone is waking up to the realization that Ferrari (and all others) are no longer going to be creating or selling non-battery assist cars, that's what is going on.

So, unless you want a battery assist ride, they are not making them any other way FOREVER. That's a huge inflection point that will be a historical juncture regarding pricing.

All prices of all back catalog (non-ev-battery) Ferraris (and even salvage) will likely be only increasing from this point forward.

 

Opinions differ, the world has been on the “EV is the future” kick for 4-5 years, so why would that drive these massive price increases on well almost every car now, this suddenly? Because it isn’t.....

I like Scuderias, it has finished in the top 3 of my last two purchases. If a Scuderia was the only thing in its peer group going up, I would be siding with the owners that it’s time has come.....but everything is up, even dumb stuff like mass produced 488s. What stays up after the inflation bubble bursts will be the true measure.

 

I’ve been watching 16M prices and they don’t seem to be rising the same amount, despite almost zero inventory.

 

Because it was not real yet, until reality actually occurs, predictions simply are not as meaningful.

Now you have the group that wants to buy the latest and greatest and now that is no longer possible, actually not possible, that's the reality that has been soaking in. So, they are looking to the past and buying that instead.

A prediction of EV was just that, 4-5 years ago it was not (yet) the case, now it is the case. For example, Ferrari, no longer has a V12 regular series car (that you can order), current rumor is maybe a reveal in 2+ years(will it be hybrid? will it even be made? all we know now is you cannot order one); the F8 is the last of the non-hybrid V8 (rear mid engine), the new model series is V6/turbo/hybrid; Lamborghini just revealed their ultimate and last non-hybrid V12 and all the predictions are currently tightening like a noose on all non-hybrid/ev cars of every kind. Many do not want a GPF'd electric assist car, some will want, but the majority do not. Whether it be the lack of passion from an electric motor that sounds like a dentist drill (Formula E is prime example, largely unattended, a joke) or the complexity and huge future repair costs associated with hybrid systems (for instance, the LaF systems are hugely expensive to replace and they do fail and are failing).

And that's not to mention GPF nearly across every make not only that but now with ADAS/automated braking, speed restrictions, more and more control over your vehicle from computers out of your control. All of that is occurring too, right now.

And, of course, the "covid" situation had a lot of folks with extra money to spend since travel was and still is (for many) impossible.

As for regular vehicles, their pricing is up too but due more to scarcity resulting from lack of new production from all the supply chain interruptions, that's not inflation either.