Would you decline delivery of your Ferrari if there is a tariff (US buyers)?

Go get a F8...you won't be sorry!

 

Yes, because Ferrari has all those snazzy outfits and accessories that are flying off the racks!

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When you buy something the price is final, including tariffs and all that. So if Ferrari is announcing they will raise prices 10% it's to the consumer. They haven't detailed whether they will raise wholesale prices to the dealers who "buy" the cars first. I am assuming no. Their announcement is to make it clear to the consumers that they will have to offset some of the tax onto them.

 

Whether I would decline it or not depends on what other things I have in the works are affected.

 

This still doesn’t make sense to me. So did they just announce they are cutting prices 15% before the tariff?

Or 35% increase total?

And what about for 296, SF90, and Roma?

 

Just FYI, Porsche is calling a meeting of all the dealers maybe on Friday. Story is the word will come down from on high.

 

absolutely shocked he's done this, was fully expecting it to be a bluff and would reduce to 10%

 

FoLV called a week ago and said that Ferrari has agreed to pay the tariff on 296, SF90, and Roma Spider, and the price will stay "the same*."

* What is "the same" on a completely moveable target when I have signed a binding purchase agreement that agrees to pay an indefinite MSRP upon import, at an indefinite time?

 

Same same but different.

 

No way they could build in US - the are the only manufacturer who still has onsite foundry to cast their own blocks etc.

 

how exactly has it cruised around the tarrif turmoil? they are still absorbing 15% margin themselves as well as potentially inciting cancelled orders / reduced amount of options etc by raising prices 10%

 

As I understand it, the tarrif applies to the cost price of the product not the selling price. If Ferrari increase prices by 10% that covers most of the tarrifs hit.

 

They can also just increase prices whenever they want, we never know the cost of our car till it gets to us. I wouldn't be surprised if they also increase option prices, they've done that over time as well and keep increasing prices on paint colors...

 

Spot on.

 

My guess is that there's a limit in what customers would accept; it's difficult to know until it's reached, but for any business there's always the risk to cross this limit and see its sales drop.

 

Looks like you want Ferrari CEO to go to jail.

 

Let’s see… Apple CarPlay is no longer a no cost option…$6500 looks like a nice number. Now for those pesky carbon fiber options… multiples of $10K looks easy to remember… only standard paint Rosso Corsa… all else are now high margin historic colors…$$$$

 

Sure wasn’t cruising around today.

 

I have lost an F80 and SP3 on paper

 

I would love to lose an F80 and SP3 on paper

 

Did you sell? If not then no loss