The 488 Replacement

[oo7ml]

Hi,

Now that Ferrari have stopped production of the 488, and are unveiling it’s replacement in March, what knock on affect with that have to the 488 prices?

Would I be right in saying that the 488 prices will lower? For those of you who have experience with new models coming out, what % reduction is usually experienced in the market with the release of a new model?

It might actually increase the price of the 458 because it will again highlight that they are the last NA in their range, as the new 488 replacement will also be turbo charged.

[johnnyreggae]

Every update inspires this type of thread !

https://www.pistonheads.com/gassing/topic.asp?h=0&...

Same applies here especially the comment about all cars depreciating

[MDL111]

my opinion: assuming the economy and cheap debt availability holds up/continues, I don't think there will be a material initial effect as Ferrari has long waiting lists for its cars - people who have bought many, will get an early car, but the average joe will need to buy a used 488 first as his 488 successor will probably be built in 2022 (or thereabouts) - thereby supporting the price - sure they will drop, but just the usual not a massive one-off adjustment of prices due to new model launch.

[garystoybox]

I was offered spot on new car delivery late 2019/ early 2020 and still not long waiting lists at present. DP had just returned from factory and said new car was going to have a 2 litre engine and hybrid tech totalling up to 800 BHP. Going to be interesting to see what it sounds like.... price also going up a chunk supposedly. Bought a 488 spider for now, which I got a mega deal on. Not really going to be any more new mid engined spiders for a couple of years do hopefully this will hold up ok.... if not then i’ll enjoy it anyway.

[MDL111]

garystoybox said:

I was offered spot on new car delivery late 2019/ early 2020 and still not long waiting lists at present. DP had just returned from factory and said new car was going to have a 2 litre engine and hybrid tech totalling up to 800 BHP. Going to be interesting to see what it sounds like.... price also going up a chunk supposedly. Bought a 488 spider for now, which I got a mega deal on. Not really going to be any more new mid engined spiders for a couple of years do hopefully this will hold up ok.... if not then i’ll enjoy it anyway.

interesting, so a lot easier to get than the 812 was at launch (this might have changed by now?)

[oo7ml]

garystoybox said:

I was offered spot on new car delivery late 2019/ early 2020 and still not long waiting lists at present. DP had just returned from factory and said new car was going to have a 2 litre engine and hybrid tech totalling up to 800 BHP. Going to be interesting to see what it sounds like.... price also going up a chunk supposedly. Bought a 488 spider for now, which I got a mega deal on. Not really going to be any more new mid engined spiders for a couple of years do hopefully this will hold up ok.... if not then i’ll enjoy it anyway.

Sorry, are you saying the 488 replacement will have a 2.0l engine, or do you mean in years to come?

[Durzel]

I know turbos are amazing from a power and efficiency point of view, but a 2.0 litre engine? In a Ferrari? There has to be a threshold surely where you need to have a reasonably high engine displacement, don't you?

488.2 Ecoboost?

[WCZ]

488 values will be hit more than 458 values, I don't think the 488 will be remembered in the same way

[HardtopManual]

Not for at least a decade. It's not that long since 355 values surpassed 360 values and the car has been out of production for nearly twenty years.

[Durzel]

A new model is surely by definition going to have some compressive effect on the market, is it not?

I can't see how you could have 4 models, 3 of which are broadly technologically very similar (458, 488 and its replacement) co-existing without downward pressure on the older models and in particular the F430.

Yes you have the "last N/A" factor of the 458, but the 488 is a much newer car with quite a power jump.. surely you can't end up with price symmetry between 458 and 488s, or worse - 488 prices going below 458?

[Roof down]

I s the 488 really ceasing production, I cannot believe it, its only been out a year or two, I reckon the way the current cars, and in particular Porsche keep updating current models the value of the original early ones will hold well.

[oo7ml]

Roof down said:

I s the 488 really ceasing production, I cannot believe it, its only been out a year or two, I reckon the way the current cars, and in particular Porsche keep updating current models the value of the original early ones will hold well.

Yes, they have 100% stopped production. I tried to order one at 2 different Ferrari dealerships. A few others have also said the same on a particular Ferrari forum.

[4rephill]

oo7ml said:

garystoybox said:

I was offered spot on new car delivery late 2019/ early 2020 and still not long waiting lists at present. DP had just returned from factory and said new car was going to have a 2 litre engine and hybrid tech totalling up to 800 BHP. Going to be interesting to see what it sounds like.... price also going up a chunk supposedly. Bought a 488 spider for now, which I got a mega deal on. Not really going to be any more new mid engined spiders for a couple of years do hopefully this will hold up ok.... if not then i’ll enjoy it anyway.

Sorry, are you saying the 488 replacement will have a 2.0l engine, or do you mean in years to come?

There is absolutely no chance whatsoever that the 488 replacement will have a 2.0 litre engine in any of it's guises - Guaranteed!

"DP" should have paid more attention to what the factory were telling them!

[_Leg_]

I'm being told that the 488 replacement will be hybrid and the price will jump significantly by the dealer I use. The blown V8 in the 488 was a stop gap they say.

Not a clue whether it's true. It makes sense though. They really cant continue to merely do what McLaren do engine wise.

I can see the 812 replacement being hybrid too. Interesting to see what they do. Will they lead the sector with something game changing or simply do a rework of the current cars and add a bit more power?

Right now I cant see anything on the market I would swap any of my cars for so hopefully, a game changer cos otherwise Mrs Leg will spend it all on bloody holidays.

[jtremlett]

oo7ml said:

Yes, they have 100% stopped production. I tried to order one at 2 different Ferrari dealerships. A few others have also said the same on a particular Ferrari forum.

There is a difference between production having stopped and all remaining production have been allocated to buyers so that a new car can no longer be ordered. I haven't checked but I would be surprised if production has really stopped. Certainly they are making (and have only just begun delivering) 488 Pistas. New 488 GTBs and Spiders are still arriving in the process of arriving in the UK for onward delivery to customers.

[garystoybox]

oo7ml said:

Sorry, are you saying the 488 replacement will have a 2.0l engine, or do you mean in years to come?

To be honest I was only half listening to him, being more interested in looking over my new car. He said he was there Thursday last week and all the talk was of 2l and 800bhp as the engineers target. I raised my eyebrows when he said that as well! I didn’t ask any other questions.
It’s apparent that the new car floor shell is to be used to push 488 upmarket price wise to compete head on with 720s (March unveil) and to support the new ‘smaller’ Dino car in a couple of years. Maybe this is the car that would have a 2l V6 with hybrid? Time will tell......

[WCZ]

Durzel said:

Yes you have the "last N/A" factor of the 458, but the 488 is a much newer car with quite a power jump.. surely you can't end up with price symmetry between 458 and 488s, or worse - 488 prices going below 458?

the 458 is a classic and the n/a factor is huge, I think it'll overtake 488 prices

they're not that far off each other now!

[The Surveyor]

garystoybox said:

oo7ml said:

Sorry, are you saying the 488 replacement will have a 2.0l engine, or do you mean in years to come?

To be honest I was only half listening to him, being more interested in looking over my new car. He said he was there Thursday last week and all the talk was of 2l and 800bhp as the engineers target. I raised my eyebrows when he said that as well! I didn’t ask any other questions.
It’s apparent that the new car floor shell is to be used to push 488 upmarket price wise to compete head on with 720s (March unveil) and to support the new ‘smaller’ Dino car in a couple of years. Maybe this is the car that would have a 2l V6 with hybrid? Time will tell......

There were lots of Ferrari produced with a 2.0 litre engine in the past such as the Dino and 308, specifically for Italian tax reasons and isn't there a similar threshold in the far east hence the Jaguar F type 2.0 litre recently.

I can see a 2.0 litre hybrid sitting alongside a larger turbo V8, but it would be a very bold move to go small hybrid only.

[MDL111]

as long as they keep a n/a V12 in the line up, I am happy. In a perfect world, they would put one also in a mid-engined car with a carbon tub priced above the 488.

I'd prefer no hybrid due to the added weight and complexity (don't want to think about replacement costs …), but those times are over I guess

[boxerTen]

MDL111 said:

as long as they keep a n/a V12 in the line up, I am happy. In a perfect world, they would put one also in a mid-engined car with a carbon tub priced above the 488.

I'd prefer no hybrid due to the added weight and complexity (don't want to think about replacement costs …), but those times are over I guess

Agree on both points. A mid-engined V12 sitting at a similar point and price in the range as the 812 would be ideal.