F430 Market Watch
Discussion
Interesting to read through these conversations, I'm in the market for a F430 at the moment but I'm looking right at the bottom of the food chain. I had a Granturismo before and loved it, always dreamed of having a F430, and I can just about get into one now. I know this is a market watch, but if anyone is selling at the lower end of the numbers listed above drop me a PM. Looking for RHD drive only!
brakedust said:
Interesting to read through these conversations, I'm in the market for a F430 at the moment but I'm looking right at the bottom of the food chain. I had a Granturismo before and loved it, always dreamed of having a F430, and I can just about get into one now. I know this is a market watch, but if anyone is selling at the lower end of the numbers listed above drop me a PM. Looking for RHD drive only!
firstly, at the bottom end they can be a money pit - so be very careful, and secondly here we are in August - loads of cars have not sold, some prices have dropped (esp the over priced manuals lol). So imho do not even consider buying before the winter , then you might find prices start coming down.bit like the BTL market.....one day there will be a stampede for the exit.
markst said:
firstly, at the bottom end they can be a money pit - so be very careful, and secondly here we are in August - loads of cars have not sold, some prices have dropped (esp the over priced manuals lol). So imho do not even consider buying before the winter , then you might find prices start coming down.
bit like the BTL market.....one day there will be a stampede for the exit.
Markst - Appreciate the comments, and I would agree that prices do tend to drop off in the winter, I may put in a few cheeky offers to see if anyone bites. bit like the BTL market.....one day there will be a stampede for the exit.
Does anyone know this car? http://www.pistonheads.com/classifieds/used-cars/f...
Contrary to 360 prices, F430 asking prices have continued to firm up and added 2.32% over the last month. The index is now 127.02 and the average asking price is now over £100k.
The number of cars for sale has actually decreased a touch and the turnover of cars appears to be reasonably healthy. I think one reason supporting F430 prices is that they haven't seen stratospheric increases over the last few years. I, and others, still think they offer remarkable value at these levels.
Here's the big table:
Price vs mileage:
F1 vs manual delta:
And finally, the big table that tries to show which cars are moving in and out of the data population:
The number of cars for sale has actually decreased a touch and the turnover of cars appears to be reasonably healthy. I think one reason supporting F430 prices is that they haven't seen stratospheric increases over the last few years. I, and others, still think they offer remarkable value at these levels.
Here's the big table:
Price vs mileage:
F1 vs manual delta:
And finally, the big table that tries to show which cars are moving in and out of the data population:
markst said:
firstly, at the bottom end they can be a money pit - so be very careful, and secondly here we are in August - loads of cars have not sold, some prices have dropped (esp the over priced manuals lol). So imho do not even consider buying before the winter , then you might find prices start coming down.
bit like the BTL market.....one day there will be a stampede for the exit.
BTL is subject to external forces in the form of arbitary regulation and taxes as it suits the government of the day - whereas these older cars aren't (excl. Co2 taxes etc for newer stuff) so fundamentals of supply and demand drive the market. Big difference in terms of what could precipitate a decline in either asset. bit like the BTL market.....one day there will be a stampede for the exit.
I'd love to know what this 430spi actually sold for - v simil spec and miles to mine....
http://www.pistonheads.com/classifieds/used-cars/f...
Edited by ZeroH on Monday 1st August 20:35
well time will tell whats happening - but I not convinced on the data as I can think of at least 3 x 430s that were reduced in price during July.....
the manual 430 spider @117.5 started @ 10 k higher
the manual spider at Flechdales was reduced
plus the 430 at Carbatrage has been reduced from over 140 to 132.
and these are the ones I just happen to notice....its def not a rising market and I cannot see dealers wanting to be carrying stock into the winter with Brexit round the corner...
the manual 430 spider @117.5 started @ 10 k higher
the manual spider at Flechdales was reduced
plus the 430 at Carbatrage has been reduced from over 140 to 132.
and these are the ones I just happen to notice....its def not a rising market and I cannot see dealers wanting to be carrying stock into the winter with Brexit round the corner...
markst said:
well time will tell whats happening - but I not convinced on the data as I can think of at least 3 x 430s that were reduced in price during July.....
the manual 430 spider @117.5 started @ 10 k higher
the manual spider at Flechdales was reduced
plus the 430 at Carbatrage has been reduced from over 140 to 132.
and these are the ones I just happen to notice....its def not a rising market and I cannot see dealers wanting to be carrying stock into the winter with Brexit round the corner...
i think those are all examples of the high end of the market being reduced, the key is the average asking price is going up according to the figures, the bottom of the market is very important for determining the value IMO, if a few people advertised at £300k that would skew the average but the minimum entry point would stay unchanged.the manual 430 spider @117.5 started @ 10 k higher
the manual spider at Flechdales was reduced
plus the 430 at Carbatrage has been reduced from over 140 to 132.
and these are the ones I just happen to notice....its def not a rising market and I cannot see dealers wanting to be carrying stock into the winter with Brexit round the corner...
i've recently but my manual up for-sale, the truth of the matter is no-one really knows where the manual market actually is hence cars spread from £110-160K! I don't need to sell it, however if i get a good price it'll help out with my current house buying (or the wifes anyway) plans, i've picked a figure and am gauging interest, i'm sure many others are doing the same.
Asking prices may have been climbing but that's not actual transaction prices and dealers are definitely speculating off the back of the past market strength and asking optimistic prices knowing even if they get chipped back they will still be ahead of the game.
From what I can see what you get offered as a trade bid and what they Retail the car at has grown significantly. Typically it may have been £15k difference nowadays £25k is closer the mark.
If you buy at a high Retail and then have to off load in a short period of time at Trade its going to be an expensive ownership experience for sure.
IMHO there is far too much of a downside on these crazy high prices to even contemplate buying at the moment. We are long overdue a price correction on some of these over inflated cars.
I don't think owners can even believe the prices of some stock high volume 360 and F430's at the moment.
I have no agenda here other than being a voice of reason as I would hate anyone losing their shirt on one
From what I can see what you get offered as a trade bid and what they Retail the car at has grown significantly. Typically it may have been £15k difference nowadays £25k is closer the mark.
If you buy at a high Retail and then have to off load in a short period of time at Trade its going to be an expensive ownership experience for sure.
IMHO there is far too much of a downside on these crazy high prices to even contemplate buying at the moment. We are long overdue a price correction on some of these over inflated cars.
I don't think owners can even believe the prices of some stock high volume 360 and F430's at the moment.
I have no agenda here other than being a voice of reason as I would hate anyone losing their shirt on one
RamboLambo said:
Asking prices may have been climbing but that's not actual transaction prices and dealers are definitely speculating off the back of the past market strength and asking optimistic prices knowing even if they get chipped back they will still be ahead of the game.
From what I can see what you get offered as a trade bid and what they Retail the car at has grown significantly. Typically it may have been £15k difference nowadays £25k is closer the mark.
If you buy at a high Retail and then have to off load in a short period of time at Trade its going to be an expensive ownership experience for sure.
IMHO there is far too much of a downside on these crazy high prices to even contemplate buying at the moment. We are long overdue a price correction on some of these over inflated cars.
I don't think owners can even believe the prices of some stock high volume 360 and F430's at the moment.
Numbers/volume is only one aspect to market pricing - desirability and relative value are also key drivers... so as long as 458's start at 140/150k£ and 488s are 200++, and so long as Ferrari's are cars that little kids dream of, the support is there... From what I can see what you get offered as a trade bid and what they Retail the car at has grown significantly. Typically it may have been £15k difference nowadays £25k is closer the mark.
If you buy at a high Retail and then have to off load in a short period of time at Trade its going to be an expensive ownership experience for sure.
IMHO there is far too much of a downside on these crazy high prices to even contemplate buying at the moment. We are long overdue a price correction on some of these over inflated cars.
I don't think owners can even believe the prices of some stock high volume 360 and F430's at the moment.
by contrast 12C's and 650S (which I mention especially for you RL) are much much lower volume than any of the above but that didnt stop them tanking to £100k / £150k (lower to the trade) in no time at all did it !
markst said:
well time will tell whats happening - but I not convinced on the data as I can think of at least 3 x 430s that were reduced in price during July.....
the manual 430 spider @117.5 started @ 10 k higher
the manual spider at Flechdales was reduced
plus the 430 at Carbatrage has been reduced from over 140 to 132.
and these are the ones I just happen to notice....its def not a rising market and I cannot see dealers wanting to be carrying stock into the winter with Brexit round the corner...
I agree prices are softening but also finding cars with full uk service history and verifiable record never that easy... both the dealer cars you mention above have spent years out of the country, in different continents even - nothing wrong with that per se but buyers at this level can be very fussy about what they buy. the manual 430 spider @117.5 started @ 10 k higher
the manual spider at Flechdales was reduced
plus the 430 at Carbatrage has been reduced from over 140 to 132.
and these are the ones I just happen to notice....its def not a rising market and I cannot see dealers wanting to be carrying stock into the winter with Brexit round the corner...
Edited by ZeroH on Tuesday 2nd August 12:30
ZeroH said:
I agree prices are softening but also finding cars with full uk service history and verifiable record never that easy... both the dealer cars you mention above have spent years out of the country, in different continents even - nothing wrong with that per se but buyers at this level can be very fussy about what they buy.
if prices are softening in June / July, that's implies come end of the Season prices will come under real pressure.Edited by ZeroH on Tuesday 2nd August 12:30
just imagine a dealer holding loads of stock and Article 50 is going to be triggered before the spring....they will either go SOR or offer a small sum leaving them a large margin.
i'm just hoping Ferrari announce the New Dino so I can get my deposit down !
markst said:
if prices are softening in June / July, that's implies come end of the Season prices will come under real pressure.
just imagine a dealer holding loads of stock and Article 50 is going to be triggered before the spring....they will either go SOR or offer a small sum leaving them a large margin.
i'm just hoping Ferrari announce the New Dino so I can get my deposit down !
Not sure art50 has much impact. If anything Brexit means rates lower for longer in the UK and even more negative rates in EU... if absence of yield in other assets has propelled the car market in recent years then Brexit guarantees that thisnis one dynamic that won't change anytime soon. just imagine a dealer holding loads of stock and Article 50 is going to be triggered before the spring....they will either go SOR or offer a small sum leaving them a large margin.
i'm just hoping Ferrari announce the New Dino so I can get my deposit down !
Been around long enough to have seen several previous up and down cycles in non financial investments. Two things only will weaken the market for "classic" cars - a sharp economic turndown coupled with the loss of well paid jobs, and the availability of better places to put money.
There is no sign that stock markets and interest rates are heading upwards whilst BTL is just holding its own. So I cant see generally available better investments.
The risk area is the economy when many owners are 30/40/50 year olds on good incomes but still buying using credit. How many of these people will panic in advance of brexit or simply find that easy money isnt so easy any longer?
In any case, how "classic" are 360 and 430?
There is no sign that stock markets and interest rates are heading upwards whilst BTL is just holding its own. So I cant see generally available better investments.
The risk area is the economy when many owners are 30/40/50 year olds on good incomes but still buying using credit. How many of these people will panic in advance of brexit or simply find that easy money isnt so easy any longer?
In any case, how "classic" are 360 and 430?
Apart from CS and Scuderia I cant see 360 or F430 becoming classics purely down to the sheer volume.
You may laff but a 12C/650S has far more potential to become a classic long term due to growing demand/brand awareness and finite low production volumes
Might not be in my lifetime but when I'm re-incarnated I will have the last laugh
You may laff but a 12C/650S has far more potential to become a classic long term due to growing demand/brand awareness and finite low production volumes
Might not be in my lifetime but when I'm re-incarnated I will have the last laugh
ks sake....
Apologies for the delay in updating - I have moved into a new workshop and have a huge backlog of cars to fix.
For the latest on 360 prices please head over here.
The average F430 price in the UK has increased, again, to £102,638. Up an further 0.90% since this time last month.
It's no secret that I think the overall super car market has peaked but there are still exceptions to the rule. I think that the F430 is the safest mainstream Ferrari that you can buy right now - since it hasn't seen the biggest prices rises over the last couple of years I believe there is still some upside . However, if there is a fall back in values then other tipos will fall further (IMO). As it happens, I think the 12C is also undervalued but don't tell Gary...
Overall, there are a lot more cars for sale. I collect prices of most supercars and it's taking a lot longer than usual to gather the data.
The Maserati market is strong right now, with the Granturismo in high demand (although I don't think it'll be going up in value from these levels).
Here's the table:
Price vs mileage:
Transmission differential:
Cheers....
For the latest on 360 prices please head over here.
The average F430 price in the UK has increased, again, to £102,638. Up an further 0.90% since this time last month.
It's no secret that I think the overall super car market has peaked but there are still exceptions to the rule. I think that the F430 is the safest mainstream Ferrari that you can buy right now - since it hasn't seen the biggest prices rises over the last couple of years I believe there is still some upside . However, if there is a fall back in values then other tipos will fall further (IMO). As it happens, I think the 12C is also undervalued but don't tell Gary...
Overall, there are a lot more cars for sale. I collect prices of most supercars and it's taking a lot longer than usual to gather the data.
The Maserati market is strong right now, with the Granturismo in high demand (although I don't think it'll be going up in value from these levels).
Here's the table:
Price vs mileage:
Transmission differential:
Cheers....
Gassing Station | Supercar General | Top of Page | What's New | My Stuff