Why so Few 488's for sale?

Why so Few 488's for sale?

Author
Discussion

Emonda03

Original Poster:

740 posts

200 months

Monday 18th April 2016
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Just non in rhd....why?, deliveries been going on for quite a few months now, and yet I think I have only seen one rhd one come up for sale. Seems odd bearing in mind the usual speculators etc,and your romans/amaris/Hartleys etc....seems the people who have got them are keeping them
Really would of expected a few more up for sale by now in the UK

johnnyreggae

2,936 posts

160 months

Monday 18th April 2016
quotequote all
Not sure there are that many UK RHD cars delivered yet and this one appears to be unsold for two months http://www.pistonheads.com/gassing/topic.asp?t=157... so maybe there's no visible market this time

cgt2

7,100 posts

188 months

Monday 18th April 2016
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Not many delivered so far, it has been a quiet start to the year for most Ferrari dealers. Also factor in if you order one to spec you will likely get it by the end of the year.

ferdi p

1,519 posts

172 months

Monday 18th April 2016
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Not too many RHD have been delivered & Ferrari have really tried to stop speculators getting hold of them.

Car source companies are quoting overs of 15/20k on physical RHD cars, attempting to get 50k over is quite frankly ridiculous!

cgt2

7,100 posts

188 months

Monday 18th April 2016
quotequote all
johnnyreggae said:
this one appears to be unsold for two months http://www.pistonheads.com/gassing/topic.asp?t=157...
Reading the text of the advert I'm not in the least bit surprised biggrin

ferdi p

1,519 posts

172 months

Monday 18th April 2016
quotequote all
cgt2 said:
Reading the text of the advert I'm not in the least bit surprised biggrin
True, but even if they'd written the description in Chinese the car would have sold for 220k in no time!

Price is the real reason this car aint selling...

Cheib

23,248 posts

175 months

Monday 18th April 2016
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ferdi p said:
Not too many RHD have been delivered & Ferrari have really tried to stop speculators getting hold of them.
If that is the case the cars that speculators are getting hold of are no doubt being sold quietly/not advertised etc.

Emonda03

Original Poster:

740 posts

200 months

Tuesday 19th April 2016
quotequote all
Do you really believe that Ferrari tries hard to stop speculators getting hold of them?...token gestures, odd cars going up for sale at nice premiums only strengthen the brand,and clearly your romans/hartleys/bramleys ( insert various car dealers here ) etc don't seem to have too much trouble getting new stuff generally
Maybe its just late production & they will start filtering through now,we shall see..but I do find it odd that 6 months plus into production there has been hardly any RHD..been a few LHD , so maybe takes them a while to sort out the production for the ones with the steering wheels on the right side!

cgt2

7,100 posts

188 months

Tuesday 19th April 2016
quotequote all
There are not many on the roads but equally there doesn't seem to be as much demand as Ferrari expected. Having driven it I personally do think the 488 is a significant step over the 458 but for a lot of people the normally aspirated car could be more appealing at £50k plus cheaper.

It is very similar with the new 911, Porsche is claiming huge demand and a similar lead time to the 488 but the reality is if you want one, you can get one within a matter of months. Most dealers have at least one unit they can deliver within two months.

I had a chat with a friend at the weekend who oversees several high end brands and the car he referred to a couple of times was the 570S. He said it is taking sales from the Porsche market as expected but also from Ferrari/McLaren 650/Huracan as it is significantly cheaper and in the view of road testers and magazines no less capable which impacts the more expensive alternatives.

He did say in general the market has been a lot slower in recent months than expected and most dealers are carrying a bit more stock than they would like. Obviously there is no 488 stock but there is the odd 'cancelled order' (as they are euphamistically referred to) which could be had within a few months.

purpleperil

1,214 posts

284 months

Tuesday 19th April 2016
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I went to see my dealer yesterday and they told me they had only supplied 7 488GTB so far. They are still quoting 18 month lead time and mine is still due for a September build. I have not seen any instance of anyone being able to 'get one in a couple of months' from a main dealer.

As an aside - anyone else with orders in going to the 488 driving day in May at Donington?

ferdi p

1,519 posts

172 months

Tuesday 19th April 2016
quotequote all
cgt2 said:
There are not many on the roads but equally there doesn't seem to be as much demand as Ferrari expected. Having driven it I personally do think the 488 is a significant step over the 458 but for a lot of people the normally aspirated car could be more appealing at £50k plus cheaper.

It is very similar with the new 911, Porsche is claiming huge demand and a similar lead time to the 488 but the reality is if you want one, you can get one within a matter of months. Most dealers have at least one unit they can deliver within two months.

I had a chat with a friend at the weekend who oversees several high end brands and the car he referred to a couple of times was the 570S. He said it is taking sales from the Porsche market as expected but also from Ferrari/McLaren 650/Huracan as it is significantly cheaper and in the view of road testers and magazines no less capable which impacts the more expensive alternatives.

He did say in general the market has been a lot slower in recent months than expected and most dealers are carrying a bit more stock than they would like. Obviously there is no 488 stock but there is the odd 'cancelled order' (as they are euphamistically referred to) which could be had within a few months.
What dealer can deliver one in 2 months!? PM if you prefer...

cgt2

7,100 posts

188 months

Tuesday 19th April 2016
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ferdi p said:
What dealer can deliver one in 2 months!? PM if you prefer...
I was referring to 991.2. A colleague was offered one last Friday for delivery in June.

But I know of a seven month lead time quoted by a Ferrari dealer for the 488, however that may just have been one build slot and I believe was an actual cancellation.

ferdi p

1,519 posts

172 months

Tuesday 19th April 2016
quotequote all
cgt2 said:
I was referring to 991.2. A colleague was offered one last Friday for delivery in June.

But I know of a seven month lead time quoted by a Ferrari dealer for the 488, however that may just have been one build slot and I believe was an actual cancellation.
Of Course, that make sense...

Emonda03

Original Poster:

740 posts

200 months

Tuesday 19th April 2016
quotequote all
so if your dealer is a typical example of a UK dealer and has supplied 7 so far, multiplying that by the number of dealers in the UK, not sure on that but let say its 10...that's at least 70 cars out there & only to have seen one rhd up for sale is amazing at this point bearing in mind how the prestige car market & premiums on early deliveries works

johnnyreggae

2,936 posts

160 months

Tuesday 19th April 2016
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The poster lives in Notts so it is possible his local dealer has delivered 7 as a group which then becomes about 2 per dealership and they have more clout and so get a better allocation so it could easily be as few as 25 total so far

jtremlett

1,375 posts

222 months

Tuesday 19th April 2016
quotequote all
johnnyreggae said:
The poster lives in Notts so it is possible his local dealer has delivered 7 as a group which then becomes about 2 per dealership and they have more clout and so get a better allocation so it could easily be as few as 25 total so far
24 in the UK (including LHD) at the end of 2015 according to the DVLA. I don't know how many will have been delivered since then but I was told dealer allocations were not very large. Also I believe there were some problems that delayed production at the start. First UK Spiders have just arrived.

Jonathan

Emonda03

Original Poster:

740 posts

200 months

Wednesday 20th April 2016
quotequote all
Interesting thanks...24 upto end of the year,then by april surely we would expect at least the same again, so must be 50 plus in the UK by now, again I find it amazing that none have come up for sale

rosino

1,346 posts

172 months

Wednesday 20th April 2016
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cgt2 said:
There are not many on the roads but equally there doesn't seem to be as much demand as Ferrari expected. Having driven it I personally do think the 488 is a significant step over the 458 but for a lot of people the normally aspirated car could be more appealing at £50k plus cheaper..
I think this is the point. I am biased but probably market perceived the 488 as a restyling with a turbo engine vs the glorious N/A which preceded it.

My feeling is the car enthusiast is less taken by this new model than it was when the 458 was released. Do you remember the glorious reviews back then? It won comparisons left right and centre. Trashed the 12C on feeling etc etc. Everybody loved it. Fast forward to the Speciale and similarly the reception was enthusiastic and many branded it as one of the great.

Then you read EVO car of the year. And the enthusiasm is just not there. Yes it's great and fast and everything but most seem to say it lost a bit of the sparkle. But who really needs much faster than a 458 anyways ? Realistically...

hunter 66

3,905 posts

220 months

Thursday 21st April 2016
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Saw About 10 today and drove 3 which was great to see different spec......... but what a car....amazing , the torque and sheer brilliance in engineering both on the road and track

ferdi p

1,519 posts

172 months

Thursday 21st April 2016
quotequote all
hunter 66 said:
Saw About 10 today and drove 3 which was great to see different spec......... but what a car....amazing , the torque and sheer brilliance in engineering both on the road and track
Sounds excellent, where did you do that? What colour did you feel it looked best in?