I wouldn't say fools, this is a hobby and in most cases a reward, we all do things which make zero sense
But there are degrees of doing something a little silly or foolish. The US is Ferrari’s biggest market, and now the curve, which was steepening for the last few years, is now very likely getting steeper. In the end it will find an equilibrium, but now we will each have do decide if we want to be along for the bumpy ride. More squeeze/ less juice.
I’m curious to hear some thoughts from some of you with regard to how the tariffs might impact the pre-owned SF-90 market, if at all.
I doubt it has much of an effect in the short term, but if the tariffs are here to stay, they could probably help slow down depreciation.
I was thinking the cost increase across the board (all exotic brands) might encourage a lot more buyers to look internally to the US pre-owned market and start snapping up cars that were sold prior to 3 April. Probably wishful thinking!
Possibly but it's such a niche market, so I am not sure. There are people right now keeping their orders on 296 gts's and sf90 spiders even though they can get a lot more than 10% off MSRP in the pre-owned market, so not sure how much a 10% increase will reallly stop people from buying new.
It will effect some and not others. The masses will cancel orders and the more well off buyers will keep their specs. Its not anymore complicated than that. Don't over think it.
My understanding was that for the 296 and SF90 (and Roma) Ferrari would mask the effect of the tariff (so no price increase due to tariff, although a short term "regular" increase is likely) whereas the 10% is for other models (12C, Purosangue, F80...) So if the MSRP does not increase, I don't see why used car prices should.
Because the tariffs will drive up the cost of competitor cars. so the entire exotic pre-owned market will be impacted, potentially causing changes across the board.
I think any changes (from tariffs) with the existing inventory will take time. I dont think the secondary market will just rise up to meet increased new car pricing. However, we may be able to look back in a few years and see that secondary market pricing did gently tick up. I think a bigger impact will be interest rates, and increased inflation, costs, complexity, etc mean those are not likely to come down any time soon, and likely will go higher, perhaps considerably. This would have an almost immediate affect on the entire car market.
How about just a simple internet bragging rights bet. But Id like one * that says the tariffs have to be in place for at least 6 months to be effective. If they are removed within 6 months I think things will revert. At this moment, my opinion is these tariffs will be with us for a very long time. Would love to be wrong.
It seems like new coupe SF90s are selling for under MSRP. (Can't speak for spiders). I don't think a 25% tariff is going to help Ferrari much in that respect. I also think with a lack of demand it won't have too much of an impact on the pre-owned SF90 market, however, I am not an economist and Trump changes his tariff policies like he changes clothes.
The SF90 market was already stabilizing before the tariffs. A few months ago there were 170+ coupes for sale nationally. Now its around 125. I expect this trend to accelerate slightly in the coming months. When a lightly optioned SF90M is $700K with tariffs a lot of people are going to be snapping up sub-$500K SF90s, which represents half the market. Once that lower priced inventory is gone, it'll become more of a seller's market.
This is speculation, but I feel like that has more to do with the weather. I believe I read a report a while back that said sports/super car sales go through a slump in the winter and then pick back up in the spring. The cheapest SF90s are still on the market ($415k, $420k, $430k) and if the market was really that excited for them, they would've been picked up quickly. I still personally think there is room for more discounts, but again, all speculation. Completely open to disagreements.
Just want to point out that new Ferraris only sell for MSRP to a buyer with an allocation for one. Not below or above. Pre-owned, however, can. As far as SF90s, they won’t be included in the 10% increase in pricing from the tariffs.
This is just common sense. New car prices go up, used car prices follow. Don't try to overthink it. https://www.zerohedge.com/personal-finance/are-used-car-prices-set-soar-again
You bought a car allocated and spec'd by you for under MSRP? Or did you buy a car that was allocated to someone else who then backed out under MSRP? Or was it a pre-owned car? I'd love to hear the details.
I have been following both the stradale and spider market for the last few months.Even though total listings are down, the average price per listing is a good amount down too. The majority of stradales listed are under $500k, that wasn't the case at the begining of the year. The majority of spiders are now under $700k, also wasn't the case at the beginning of the year. Both variants are still trending down pretty consistently.
