F430 Market Watch

Author
Discussion

Ardente

12 posts

126 months

Thursday 31st July 2014
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I was not knocking this car but I wanted CCB, rear Challenge grill and carbon driving zone. Whatever the spec it's still an overnight hike of £6k, should make the next AV report well worth waiting for.

voicey

Original Poster:

2,453 posts

187 months

Sunday 3rd August 2014
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Apologies for the delay in getting this month's update out. For 360 prices and news of another price increase please head over here: Aldous Voice Blog

Average F430 prices have firmed for a second month in a row, gaining 0.68% MoM. The index is now 99.94 and is almost exactly at the level when I first started collecting the data a year ago.



The number of cars for sale has increased by 17. I see 27 cars drooping out of the population, with 44 new entrants to the market and 47 unsold (see the big table at the end of this post for details). Two cars are offered for sale privately.



Here's the data cut up in the usual way:



Here's the plot of prices vs mielages. Note that the outlier we saw last month has been joined by a similarly optimistically priced car with 54k on the clock.



Here are the theoretical average asking prices for different mileages:



Here's the table showing which cars have moved in or out of the data (click on the picture to go to Thumbsnap and click it again to see the detail):



It seems that prices rises of the older models are finally filtering through to the newer metal. 360's are on the up which can only mean F430 prices have to follow suit - who'd choose a 360 over an F430 for the same money?

Please let me know if you want anything in particular.

Regards,

Aldous Voice.

cymario

578 posts

117 months

Sunday 3rd August 2014
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Thank you very much for the monthly update. I find it extremely useful and informative. This seems to be a pretty positive market for us owners.

kbooker

728 posts

139 months

Sunday 3rd August 2014
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Keep up the good work...clap

red_duke

800 posts

181 months

Sunday 3rd August 2014
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Wow, F1 gearboxes at an £8,000 premium over manuals. That gap seems to be widening.

I can't see the average asking price for steel brake equipped cars as the Thumbsnap icon is obscuring the figure. Can you tell me what it is Aldous?

Thanks for posting this info. I'll buy you a bear at Wilton House if you're going this year?

voicey

Original Poster:

2,453 posts

187 months

Sunday 3rd August 2014
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red_duke said:
Wow, F1 gearboxes at an £8,000 premium over manuals. That gap seems to be widening.
It's strange isn't it. The internet is full of talk about how manual cars are sought after but the pricing doesn't reflect this. I guess if you desire a stick you are in luck!

red_duke said:
I can't see the average asking price for steel brake equipped cars as the Thumbsnap icon is obscuring the figure. Can you tell me what it is Aldous?
Click on the picture you numpty!

red_duke said:
Thanks for posting this info. I'll buy you a bear at Wilton House if you're going this year?
I'm not going to be at Wilton - my invite got dropped after I pulled out last year due to the crash. No doubt we'll meet soon so you can make mine a grizzly.


red_duke

800 posts

181 months

Sunday 3rd August 2014
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voicey said:
red_duke said:
I can't see the average asking price for steel brake equipped cars as the Thumbsnap icon is obscuring the figure. Can you tell me what it is Aldous?
Click on the picture you numpty!

I'm not going to be at Wilton - my invite got dropped after I pulled out last year due to the crash.
Ahh .. (blushes) thanks for that. Still a £9500 premium for CCB Brakes I see. Almost justifies my recent investment in themrolleyes

You should come to Wilton anyway! I'm making my own way down and will be parked up on the West Lawn.


Edited by red_duke on Sunday 3rd August 17:41

Juber

569 posts

138 months

Friday 8th August 2014
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My ideal spec'd F430
http://www.pistonheads.com/classifieds/used-cars/f...

Why do these wheels look so tiny and lost in them arches?

voicey

Original Poster:

2,453 posts

187 months

Friday 8th August 2014
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Juber said:
My ideal spec'd F430
http://www.pistonheads.com/classifieds/used-cars/f...

Why do these wheels look so tiny and lost in them arches?
Some F430's have the suspension jacked up like that from the factory!

That particular car seems well priced and the vendor will sell for less than asking however they wont take the car for an inspection. Read into that what you will....

Juber

569 posts

138 months

Friday 8th August 2014
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voicey said:
Some F430's have the suspension jacked up like that from the factory!

That particular car seems well priced and the vendor will sell for less than asking however they wont take the car for an inspection. Read into that what you will....
I would want that suspension changed immediately, looks wrong sat so high?

As a private sale, yes id expect a lot £ off compared to any dealer, as for no inspection, I wouldn't want to part £80k (I wish I had £80k) on a private sale car without an inspection of some sort

SlartiF430

1,828 posts

154 months

Friday 8th August 2014
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Juber said:
My ideal spec'd F430
http://www.pistonheads.com/classifieds/used-cars/f...

Why do these wheels look so tiny and lost in them arches?
Lovely, all except the crema interior. Why do people like crema so much? It makes a modern ferrari look like a vintage one, ages faster (shows dirt) and generally doesn't look very sporty. I spent months waiting for one with black sports seats! Interior colour rant over.

chillo

724 posts

222 months

Saturday 9th August 2014
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Juber said:
My ideal spec'd F430
http://www.pistonheads.com/classifieds/used-cars/f...

Why do these wheels look so tiny and lost in them arches?
My ideal spec too biggrin

voicey

Original Poster:

2,453 posts

187 months

Tuesday 2nd September 2014
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Time for another update. For news on the 360 market please head of here: Aldous Voice Ferrari Blog.

Average F430 asking prices have softened 0.25% since last month. The index is now 99.69, up 1.45% since a year ago.



The number of cars for sale is broadly the same as the prior month. It is worth noting that there are roughly half the number of 360's for sale at the moment. There are still two private sales out there and I see 29 cars dropping out of the data. There are 26 new entrants to the market this month and 62 unsold.



Here is the data cut up in the usual way:



Here's the plot of mileages vs asking price. Note that the two £80k cars with intergalatic mileages remain unsold.



Here are the theoretical average asking prices for given mileages:



And here's the big table where I try and capture the sold/unsold/new cars. To see it properly click on it to go to Thumbsnap and click again to zoom in.



Finally, I have been thinking about the overlap between the 360 and F430 markets. The 360 has enjoyed a very buoyant year and prices have been encroaching on the F430 for a while now. I have plotted price vs mileage for 360's over £60k and F430's below £75k. I was expecting more of an overlap but, aside from the two ludicrously priced 360's, the markets remain pretty divided.



That's it for this month. As usual, please let me know if you want anything in particular.

Regards,

Aldous Voice.

Juber

569 posts

138 months

Tuesday 2nd September 2014
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Thanks for spending time doing this, very interesting read.

purpleperil

1,214 posts

284 months

Tuesday 2nd September 2014
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Great stuff Aldous - gratifying to see I got in on the dip - long may it continue smile

red_duke

800 posts

181 months

Tuesday 2nd September 2014
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Always an interesting read so thanks again Aldous!

My car is becoming a low mileage garage queen this year. Poxy bloody weather.

PD9

1,997 posts

185 months

Tuesday 2nd September 2014
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Great analytics and informative charts. I agree - top job.

voicey

Original Poster:

2,453 posts

187 months

Wednesday 3rd September 2014
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Thank you.

If 360's continue to rise in price then F430's have to follow suit. I'm glad I bought one whilst I could afford to!

NRS

22,135 posts

201 months

Wednesday 3rd September 2014
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voicey said:
red_duke said:
Wow, F1 gearboxes at an £8,000 premium over manuals. That gap seems to be widening.
It's strange isn't it. The internet is full of talk about how manual cars are sought after but the pricing doesn't reflect this. I guess if you desire a stick you are in luck!
I guess when you actually think about it though, then it's not too surprising. The reason Ferrari cancelled the manuals is due to lack of demand. So it seems to be the usual thing of people who don't have the money (or are not wanting to use it on the car) are saying it should be manual, but the majority of actual buyers, who are less vocal, disagree.

mwstewart

7,588 posts

188 months

Wednesday 3rd September 2014
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You can remove the HWM Spider from the list, Aldous. It's been with me for a few weeks so I'm not sure why its still advertised...