Sf90 resale prices?! | Page 6 | FerrariChat

Sf90 resale prices?!

Discussion in 'SF90 Stradale' started by PrancingHorseBro, Jul 24, 2023.

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  1. Cocoloco

    Cocoloco Formula Junior

    Nov 26, 2013
    718
    Ferrari listing here with a big msrp SF90 coupe for sale in classified - 100k under msrp.
    Spiders 100 over vs coupes 100 under.
     
    107130 and Pastaboy1980 like this.
  2. bblankenship

    bblankenship Rookie
    Silver Subscribed

    Apr 16, 2022
    6
    Full Name:
    Brad Blankenship
  3. ScottS

    ScottS F1 Rookie
    Owner Rossa Subscribed

    Mar 2, 2004
    2,909
    Winter Park
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    Scott S
    Any updates ? Look at this data. At about 8:00




    Sent from my iPhone using Tapatalk
     
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  4. Performify

    Performify Formula Junior
    Rossa Subscribed

    Jan 4, 2020
    373
    Sarasota, FL
    Full Name:
    Eric
    #129 Performify, Sep 28, 2023
    Last edited: Sep 28, 2023
    the TLDR is that the rate of decrease in SF90 prices is slowing, but doesn't show clear evidence of a bottom.

    Specific analysis re: SF90:
    • decrease of 18.1% year over year (from inflated starting point)
    • "to be fair, the situation is improving slowly"
    • "during the last three months, prices dropped by lowest amount ever (-2.5%)"
    • "likewise, supply is stabilizing. Selling times are no longer increasing and price discounts after 3 months are no longer increasing"
    • "after more than a year, the depreciation curve starts to flatten... slightly that is. the question is of course where the prices will find a ground"

    Average across the mid-engine ferraris was -8.1% loss across the last year. SF90 was 18% range, that said, that data is because his starting point for SF90 values was ~ $950k, what they were originally going for in the aftermarket, and not MSRP.

    SF90 price analysis
    Image Unavailable, Please Login

    Highlighting last three months SF90:
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    YOY price changes, all models:
    Image Unavailable, Please Login
     
  5. Pastaboy1980

    Pastaboy1980 Formula Junior
    BANNED

    Mar 31, 2023
    343
    Rolling Hills
    Full Name:
    Fra
    Decelerating drop is a bottom of sorts but all cars drop in a recession where credit drys up. Just like home prices higher rates lower values
     
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  6. Pastaboy1980

    Pastaboy1980 Formula Junior
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    Mar 31, 2023
    343
    Rolling Hills
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    Fra
    Soon all cars will be free
     
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  7. Performify

    Performify Formula Junior
    Rossa Subscribed

    Jan 4, 2020
    373
    Sarasota, FL
    Full Name:
    Eric
    new relevant video - the SF90 is the first car mentioned that's on the "right side of the trend line" for newer cars - declining among the least per miles driven.

    765LT is reported as the best on the list. C8 Corvette is doing well as well.

    SF90 location on graph:
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    SF90 detail data (shows wide range due to wide differences in spec level):
    Image Unavailable, Please Login


    Full video:
     
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  8. db0db0db

    db0db0db Rookie

    Dec 27, 2021
    18
    Florida
    Full Name:
    David B
    Will be turning down my SF90 later this month. The wholesale prices for these things are dropping like crazy. I've seen 3 dealer auction sales for ~$450k in the last week.
     
    Performify likes this.
  9. Cocoloco

    Cocoloco Formula Junior

    Nov 26, 2013
    718
    You were receiving a coupe or spider?
     
  10. jumpinjohn

    jumpinjohn F1 Veteran
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    Mar 22, 2013
    6,985
    Texas
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    John
    #135 jumpinjohn, Nov 2, 2023
    Last edited: Nov 2, 2023
    I think if driving a super car can “destroy your wealth”, then you cannot afford to purchase one in the first place…


    Sent from my iPhone using FerrariChat
     
    Prannay, Fortis, Cocoloco and 2 others like this.
  11. Headsuppassinglft

    Dec 24, 2020
    80
    Addison, TX
    Full Name:
    Christine Fritsch
    I agree. I'm reading these comments and with more than 13,000 on my 2023 SF90, I'm off the chart. I'm not about to stop driving it. I'll put it in the garage and polish it when I'm too old and my daughter takes the keys away.
     
  12. Pastaboy1980

    Pastaboy1980 Formula Junior
    BANNED

    Mar 31, 2023
    343
    Rolling Hills
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    Fra
    Double down off the bottom
     
  13. omercan

    omercan Formula Junior
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    Apr 27, 2023
    446
    Full Name:
    omer can
    Show me one SF90 for 450k in the USA and I'll give you 50k.
     
  14. jumpinjohn

    jumpinjohn F1 Veteran
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    Mar 22, 2013
    6,985
    Texas
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    John
    And I’ll buy the SF99! :)


    Sent from my iPhone using FerrariChat
     
  15. Cocoloco

    Cocoloco Formula Junior

    Nov 26, 2013
    718
    Not all SF90's are created equal - factory & pricing is not going down from Ferrari.
    1000hp Ferrari will be just fine - takes 2 - 3 years to get a new Ferrari.
     
    Headsuppassinglft likes this.
  16. Prancing 12

    Prancing 12 F1 Rookie
    Silver Subscribed

    May 11, 2004
    2,664
    The long way home
    Of course, it all depends on MSRP to some degree, but here's one asking $540k, or $135 under MSRP. How much do you think they paid for it?

    Here's another asking $640, or almost $125k under MSRP.

    If base price is just over $500k, $450 doesn't seem crazy at all. Most Ferrari dealer will not write a check for one... consignment only, which is telling.
     
    Headsuppassinglft likes this.
  17. Headsuppassinglft

    Dec 24, 2020
    80
    Addison, TX
    Full Name:
    Christine Fritsch
    You're right. They're probably on consignment and the owners must need to get rid of them. The condition of our economy is very sad. Or maybe a divorce? ;)
     
  18. Headsuppassinglft

    Dec 24, 2020
    80
    Addison, TX
    Full Name:
    Christine Fritsch
    My dealership has a convertible Assetto Fiorano for 50k under MSRP. Hopefully he's getting an XX or something. I can't imagine giving mine up. I'd need therapy for quite a while to get over it.
     
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  19. Divexxtreme

    Divexxtreme Formula Junior

    Aug 14, 2020
    660
    Full Name:
    Scott
    This one was was in an accident, hence the low price.

    This one I wasn't able to find the MSRP for, but my dealer told me today that only a "small percentage" of used SF90 buyers care enough about the AF-package to pay extra for it, therefore AF packaged cars are not retaining their value as well as the non-AF cars are. I asked him when he says "small percentage", does that mean maybe 1 in 5? He said, "yes, possibly even less than that".
     
    Headsuppassinglft likes this.
  20. Prancing 12

    Prancing 12 F1 Rookie
    Silver Subscribed

    May 11, 2004
    2,664
    The long way home
    The biggest detractor for the AF package for a lot of buyers is the unavailability of the front lifter... eliminates a lot of buyers, whether they need it themselves, or because of concerns about future resale.
     
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  21. Divexxtreme

    Divexxtreme Formula Junior

    Aug 14, 2020
    660
    Full Name:
    Scott
    Sure. Whatever the detractor is, it's negatively impacting resale.
     
  22. jumpinjohn

    jumpinjohn F1 Veteran
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    Mar 22, 2013
    6,985
    Texas
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    John
    It was a joke. For $450k, even a poorly spec’d SF90 is a great price…

    I’ve waited for orders multiple times.


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  23. Glenn Quagmire

    Glenn Quagmire Formula Junior
    Rossa Subscribed

    Aug 13, 2019
    520
    USA
    Those of us getting XX’s are required to hold our SF90’s until after taking delivery of the new car. So, it’s hard to imagine this owner would nuke an XX allocation by ditching their SF. But, anything is possible. Like you, I really enjoy my AF spider and am content to enjoy it until the XX arrives.
     
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  24. Headsuppassinglft

    Dec 24, 2020
    80
    Addison, TX
    Full Name:
    Christine Fritsch
    I'm so envious! I'll probably never know what the requirements are. Someone asked me if I was going to get an XX. Of course, I laughed and said, I'm not on that list yet!
     
    Glenn Quagmire likes this.
  25. 107130

    107130 Rookie

    Jan 17, 2023
    25
    Full Name:
    Maranello's Finest
    in EU, Middle East, Asia and South America there is zero demand for the Coupe, the Spider has more demand but meanwhile is also decreasing rapidly.
    I think there are not that many distressed sellers in that price range but certainly in the regions around the globe that I have mentioned there is no more
    premium for a delivery mileage SF90 anymore and if you paid f.e. 500k and you need or prefer cash instead now, I feel that you would actually lose 50-100k
    for a new, delivery mileage SF90, to find an instant buyer for your vehicle. Many reasons for that, I can list a few if you like. Not sure how the situation in the US is but for the regions I have mentioned, this is the current situation.
     
    PrancingHorseBro, Prannay and 500tr like this.

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