News

488 Why are Pistas not selling ?

Discussion in '458 Italia/488/F8' started by Texas2step, Jan 12, 2020.

  1. Pis7a2020

    Pis7a2020 Formula Junior
    Silver Subscribed

    Dec 17, 2019
    265
    Enjoy the car, enjoy the lifestyle, go to the track, do the dinners, and extract as much joy out of life and your passion for cars before you leave earth.

    To me, cars is a passion and a way of life. I work hard to buy and enjoy them and I don’t do it to turn a profit.

    However, if every once in a while you do turn a profit, it just makes the next deal that much sweeter.


    Sent from my iPhone using FerrariChat.com mobile app
     
    Nincompoop, jim g, stavura and 16 others like this.
  2. Rrr1

    Rrr1 Karting

    Dec 24, 2018
    136
    Full Name:
    Rrr1
    well said.
     
    Pis7a2020 likes this.
  3. 09Scuderia

    09Scuderia Formula 3

    Nov 20, 2011
    2,130
    Austin, Texas
    Full Name:
    Tim&Julie
    worth noting, in the US the premium over MSRP held for the Speciale for 4-5 years? 2018/19 Pistas are being marketed for near MSRP or slightly over.

    This is not about the Pista being less desirable vs the Speciale. It's about a clear shift in the market dynamics that is now in place. Folks coming into the market should assume the old rules no longer apply to the same extent. Ferrari dealers need to adjust business tactics accordingly.....
     
  4. Borrow’d Mine

    Borrow’d Mine Karting
    Silver Subscribed

    Nov 28, 2019
    234
    Florida
    Perfect stares. To pile on just a bit. It is exhausting reading these complaints about no profit. If it isn’t for pure driving pleasure and appreciation of the brand there are just better ways to spend your money.


    Sent from my iPhone using FerrariChat.com mobile app
     
    Napoli, italiafan, Pis7a2020 and 2 others like this.
  5. Mickyd329

    Mickyd329 Rookie

    Mar 3, 2019
    44
    Orange County Socal
    Full Name:
    Mike
    The enjoyment from driving my Pista trumps any depreciation hits I might have to take over the next few years.

    Looking at other exotics in the market place, I would say the Pista holds its value relatively well anyways.
     
    Pis7a2020 and Caeruleus11 like this.
  6. SoCal to az

    SoCal to az F1 Veteran
    Silver Subscribed

    Nov 25, 2012
    7,734
    Arizona
    Jesus- this place is turning into Rennlist. Next thing we are going to start talking bout is ADMs and brokers getting cars.
     
  7. RoyalPink

    RoyalPink Formula Junior
    Rossa Subscribed

    Mar 18, 2019
    299
    Cuz a fair amount of RL'ers are on here.
     
  8. IloveGT

    IloveGT Formula Junior

    Oct 17, 2015
    799
    I hate rennlist
     
    SoCal to az likes this.
  9. ipsedixit

    ipsedixit Formula Junior

    I resemble that remark. :D
     
    SoCal to az likes this.
  10. ChadR

    ChadR Karting

    Jun 19, 2019
    202
    German Engineering:cool:
     
  11. Gh21631

    Gh21631 F1 Rookie
    Silver Subscribed

    Feb 24, 2011
    4,684
    East
    If prices do come down and good specs become available I bet many will move to a Pista vs. an F8.
     
  12. ipsedixit

    ipsedixit Formula Junior

    I will tell you why Pistas are not selling.

    At least why my Pista is not selling.

    Because it is a fantastic car.
     
    IloveGT, Napoli, stavura and 12 others like this.
  13. Solid State

    Solid State F1 Rookie
    Rossa Subscribed Owner

    Feb 4, 2014
    4,840
    Full Name:
    Comor Bidity
    I am amazed at the msrp of a well equipped F8. That's flagship NA V12 pricing a few years ago. Ferrari going after next crop of young wealth.
     
    AlfistaPortoghese likes this.
  14. RoyalPink

    RoyalPink Formula Junior
    Rossa Subscribed

    Mar 18, 2019
    299
    Yes at those prices. I'd say going after them with a vengeance.
     
  15. Art138

    Art138 Formula Junior
    Rossa Subscribed

    Nov 22, 2007
    591
    Ft. Lauderdale
    For a limited edition car I counted at least 30 for sale. When I looked for a Scuderia don’t remember seeing that many one year after production. If I don’t get an order by June for the Tributo,I might pull my deposit on the F8 and go for it.
     
    whupwhup likes this.
  16. SirPouyan

    SirPouyan Karting

    Oct 18, 2017
    106
    Full Name:
    SirPouyan
    I was in the factory in late November and there were tons of Pistas on the V-8 production line. Shocking for a limited production car, where people had to lose money on a Lusso for an allocation.
     
  17. ipsedixit

    ipsedixit Formula Junior

    People need to cover their margin calls.
     
    Silberpfeil, marky1, tres55 and 2 others like this.
  18. FFan5

    FFan5 Karting

    Jul 7, 2018
    210
    I would guess the markets are down at least a Pista or two for most Ferrari owners. Unless Pistas have dropped 30% in value, I should have bought one and put it up for sale right now too. Would have been a better use of money.

    Sent from my Pixel 4 XL using FerrariChat.com mobile app
     
  19. Texas2step

    Texas2step Karting
    Silver Subscribed

    Mar 25, 2018
    228
    Full Name:
    Bola olusola
  20. AlfistaPortoghese

    AlfistaPortoghese Moderator
    Moderator

    Mar 18, 2014
    3,584
    Europe, but not by much.
    Full Name:
    Nuno
    #120 AlfistaPortoghese, Mar 17, 2020
    Last edited: Mar 17, 2020
    I agree and share your assessment.

    What I find even more amazing is that this is a classic example of the law of diminished returns. The new mainstream car (F8) has the same power than the previous special edition car (488 Pista), and a price point that most would find difficult to justify the upgrade.

    This is a first for Ferrari, as:

    Old SE: 360 Challenge Stradale (425hp)
    New mainstream: F430 (490hp)

    Old SE: 430 Scuderia (510hp)
    New mainstream: 458 Italia (570hp)

    Old SE: 458 Speciale (605hp)
    New mainstream: 488 GTB (670hp)

    Old SE: 488 Pista (720hp)
    New mainstream: F8 Tributo (720hp)


    This makes all the more incomprehensible why Pistas aren’t selling as much as some would expect, as all things being equal as shown above, I’d go for a Pista and I can’t find much strength in the contrary position, at least if one only considers two variables: money and horsepower. Difficult to justify the upgrade based on that, imvho.

    Kind regards.

    Nuno.
     
  21. jac

    jac Karting

    Nov 4, 2005
    95
    Full Name:
    jack cohen
    The number 1 rule in car collecting is I have it and you can't get it. Limited production models mean just that. My opinion is 500 or less. Look at a 16m. Look at a 599 gto. I am sorry if 30 are for sale that is not limited production imho. Granted with Ferrari there are cars where you can prove me wrong but overall that is the idea.
     
    Texas Forever likes this.
  22. leopoldo

    leopoldo Formula Junior

    Mar 10, 2013
    424
    Italy
    Full Name:
    mark1
    Agree but I will say 800 ( including tdf and ,if will be true according to some speculations , the pista spider )
     
  23. Gh21631

    Gh21631 F1 Rookie
    Silver Subscribed

    Feb 24, 2011
    4,684
    East
    1) You should definitely take a Pista over an F8 - dont think twice about it.
    2) Speculators who probably thought they could make some money or may not have the means to deal with the current economy.
     
    Caeruleus11 and boobernackle like this.
  24. dustman

    dustman F1 Veteran
    Rossa Subscribed

    Jun 12, 2007
    5,030
    No scarcity now. very happy to have moved on from mine.
     
  25. Gh21631

    Gh21631 F1 Rookie
    Silver Subscribed

    Feb 24, 2011
    4,684
    East
    What you are seeing is not Pista specific, all so called limited cars have dropped quite a bit. We've seen this before, then a number of years later you kick yourself for not pulling the trigger. Right now there are good deals on most cars mentioned above but people want to see how low they will go. I am sure there will be some that need to liquidate and others than can hold forever. Just be ready when a deal comes your way.
     
    italiafan likes this.

Share This Page