Vehicle asking prices are going UP | FerrariChat
Buy

Vehicle asking prices are going UP

Discussion in 'Ferrari Discussion (not model specific)' started by Zanny1, May 22, 2020.

This site may earn a commission from merchant affiliate links, including eBay, Amazon, Skimlinks, and others.

  1. Zanny1

    Zanny1 Formula 3
    Silver Subscribed

    Dec 19, 2003
    1,175
    Arizona
    Full Name:
    Mike
    #1 Zanny1, May 22, 2020
    Part of my early morning routine is to view ads for Ferraris, C2 Corvettes and vintage motorcycles.
    Seems like all these categories are seeing a substantial increase in asking price.
    Looking at actual sales prices on BAT and some of the other websites, these same cars and motorcycles just aren't getting the kind of money reflected in asking price.
    I am convinced we are in for some major inflation once the Covid19 pandemic deteriorates. Perhaps the people selling collectable vehicles are already ahead of the curve.
    Interested in what others are seeing.
     
  2. dm_n_stuff

    dm_n_stuff Four Time F1 World Champ
    Lifetime Rossa Owner

    Dec 10, 2003
    43,926
    26.806311,-81.755805
    Full Name:
    Dave M.
    #2 dm_n_stuff, May 22, 2020
    As always, "asking" vs. "getting" is the key issue.

    Seller can ask for whatever they'd like. Buyer has the option to pass or negotiate. If the ask it out of whack with the real market, most buyers are going to search elsewhere. Maybe the seller gets lucky and the unicorn buyer comes along for him.

    Only other option is there's a sudden influx of reluctant sellers who will only budge "if they get what they ask for, and not a penny less.

    Are you seeing a spike in volume on these as well? In the Ferraris, are you seeing mostly 5 year old and less jumping up in volume? What they're trying to sell, and how many are available vs 90 days ago would be interesting to know.

    D
     

Share This Page