Main Ferrari Dealer Hikes up prices

Main Ferrari Dealer Hikes up prices

Author
Discussion

Cheib

18,963 posts

131 months

Friday 10th July
quotequote all
WilliamWaiver said:
av185 said:
Not necessarily.

Hard Brexit possibly surcharge of 10% on new cars could well result in late and little used car prices rising and high end used including Ferrari up another 10%.
Yep I predicted this 12 months ago. The gap between a lightly used 12 -24 mth car and a new car at list price will be huge pulling used cars back up.
If your average new Ferrari is £250k then that suddenly becomes £275k. In that case I can see used car prices going up by at least £10k if not more.
Also New McLarens not subject to a tariff will become more competitive meaning less discount increasing used McLaren prices.

I dont think its a great time to sell a used car at the moment and in 12 months time it could be better not worse
As I said further up the page with the economy already in trouble it’s very,very difficult to imagine the Govt imposing a tariff which is likely to result in a massive drop in new car sales with the implications that has for the companies and employees who sell those cars and thus the corporate and income tax they pay. They’d raise a lot less money than they would lose in other tax revenues.

sparta6

2,006 posts

56 months

Friday 10th July
quotequote all
Brexit is a good opportunity to boost home grown car sales to UK customers.

Less new German built cars on the M1 won't be the end of the world biggrin

X-Box

186 posts

190 months

Friday 10th July
quotequote all
IMO, dealers just talking up the market to try and prolong their window of opportunity.

Some shocking p/x's being offered, which speaks volumes as to what they fear lies ahead.

Pista seems to be softening, list or under, with more non-Ferrari network, which suggests to me that the dealers are getting cautious.

LordOfTheManor

Original Poster:

808 posts

67 months

Friday 10th July
quotequote all
X-Box said:
IMO, dealers just talking up the market to try and prolong their window of opportunity.

Some shocking p/x's being offered, which speaks volumes as to what they fear lies ahead.

Pista seems to be softening, list or under, with more non-Ferrari network, which suggests to me that the dealers are getting cautious.
Spot on !

Regy53

79 posts

87 months

Friday 10th July
quotequote all
X-Box said:
IMO, dealers just talking up the market to try and prolong their window of opportunity.

Some shocking p/x's being offered, which speaks volumes as to what they fear lies ahead.

Pista seems to be softening, list or under, with more non-Ferrari network, which suggests to me that the dealers are getting cautious.
Different industry but i buy and sell for a living (plant machinery) and unless its cheap today i'm not buying it. Sorry but we are waiting for a pretty certain overnight bust job and to lose 30% of your stock value is tough. I would rather lose 10k a month for 6 months while it implodes than lose 30% stock holding overnight

If the car dealers are doing similar then i dont blame them

achaddy

28 posts

85 months

Saturday 11th July
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I was looking at getting a Cali T earlier this year and pretty much the perfect spec car for me has come into stock at Dick Lovett in the last couple of weeks. It was almost as if I had ticked the boxes on the order form.
5 months ago I would have raced down there and probably bought the car. Now I haven't even dropped in to take a look.

LordOfTheManor

Original Poster:

808 posts

67 months

Saturday 11th July
quotequote all
lets all block them !woohoo

rat rod

375 posts

21 months

Saturday 11th July
quotequote all
LordOfTheManor said:
lets all block them !woohoo
First your saying ,serve them wright if the people who are furloughed get laid off when they get back to work ,they didn't choose for that to happen, wittering on that your a tax payer ,so are the rest of us. then your saying that the Ferrari agents were closed during lockdown which they were and i said that they were still contactable by e mail as PH Jack-Flash posted on your thread and he managed to purchase a Ferrari during lockdown. if i am reading this wright you now want to boycott main Ferrari dealers and put even more people out of work and as you are a tax payer will have to support them. And what's this about the management should be ashamed of themselfs by keeping employers off on furlough,maybe they are working hard to get their business's going again so they still have a job to go back to. I think you got a massive problem and you need to go and see a doctor or better still a psychiatrist I really don't know why i am wasting my time and energy even replying ,your title says it all. I will probably get blasted for posting this but somebody has to say it.

LordOfTheManor

Original Poster:

808 posts

67 months

Saturday 11th July
quotequote all
Let it go! whistle

rat rod

375 posts

21 months

Saturday 11th July
quotequote all
LordOfTheManor said:
Let it go! whistle
All ready have thanks

LordOfTheManor

Original Poster:

808 posts

67 months

Saturday 11th July
quotequote all
clap

RunEveryInchOfTheWorld

431 posts

5 months

Saturday 11th July
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Is there ever a right time to buy a supercar?!

LordOfTheManor

Original Poster:

808 posts

67 months

Saturday 11th July
quotequote all
interesting question that ! - I thought now was a good time, but with Ferrari dealers telling me how busy they arebow

and Mclaren with money troubles, cars plummeting, covid still effecting investments, I really don't know anymore

achaddy

28 posts

85 months

Sunday 12th July
quotequote all
As I said above I was looking to buy a car. but my Son In Law has been made redundant in the covid thing and so now has to find another job.He hasn't been in this one too long so will get pennies as a payout.
Coupled with the economy going to take a nose dive, its definatlely NOT the right time to buy a super car in my curcumstances.
Happy to see the short term blip due to some pent up desire blow over and watch where the market falls in 6-12 months.

I want a Ferrari but I can not afford to buy high when the market is about to stall.

Durzel

8,908 posts

124 months

Sunday 12th July
quotequote all
There is a certain amount of mirth to be had at the 1% problem of “oh noes that £200k+ car I absolutely don’t need has gone up by £20k, what is a high net worth individual to do?”...

That being said, it’s just market forces pure and simple. They think they’ll get £20k more for it, so they put it up. There may even be an element of encouraging “buy quickly before it goes even higher” or “look, buy into an appreciating asset” sales tactics about it.

Also, £25k spread is pretty much par for the course buying from and selling back to the dealer, and that’s with a straight sale. Add P/X into the mix and it gets even more weighted, with your car being a dog and there’s “as new”. It always used to amuse me looking at F430 Spiders to buy how the dealer would downplay a higher end clutch wear %, but you can sure as st believe that they’d use it as a stick to beat you with if you drove the same car around the block and tried to sell it back to them.

footsoldier

1,708 posts

148 months

Sunday 12th July
quotequote all
X-Box said:
IMO, dealers just talking up the market to try and prolong their window of opportunity.

Some shocking p/x's being offered, which speaks volumes as to what they fear lies ahead.

Pista seems to be softening, list or under, with more non-Ferrari network, which suggests to me that the dealers are getting cautious.
I was told by one that they have taken some pain on cars in stock pre-lockdown, but have shifted those and are now re-stocking at ‘market correct’ pricing. I’ve just bought something being pe-exed before it was advertised, and pricing is quite different to what is being asked online...and I can’t complain about value v new pricing.
Some painful conversations happening.

No doubt prices come down even more later this year, but I’ll have put 5000 miles on by then, and that’s worth something!

LordOfTheManor

Original Poster:

808 posts

67 months

Sunday 12th July
quotequote all
You're right ....laugh

Taffy66

3,915 posts

58 months

Sunday 12th July
quotequote all
footsoldier said:
I was told by one that they have taken some pain on cars in stock pre-lockdown, but have shifted those and are now re-stocking at ‘market correct’ pricing. I’ve just bought something being pe-exed before it was advertised, and pricing is quite different to what is being asked online...and I can’t complain about value v new pricing.
Some painful conversations happening.

No doubt prices come down even more later this year, but I’ll have put 5000 miles on by then, and that’s worth something!
A V12 Ferrari by any chance.? I nearly bought an 812 up for £249K a few weeks ago however by the time i got back to the dealer it had been sold.Another Ferrari which was a nicely priced 488 i enquired about also sold a couple of days after i phoned about it..Ferraris are flying out of the showroom right now.

LordOfTheManor

Original Poster:

808 posts

67 months

Sunday 12th July
quotequote all
the white 812 superfast is still for sale ..

footsoldier

1,708 posts

148 months

Sunday 12th July
quotequote all
Taffy66 said:
A V12 Ferrari by any chance.? I nearly bought an 812 up for £249K a few weeks ago however by the time i got back to the dealer it had been sold.Another Ferrari which was a nicely priced 488 i enquired about also sold a couple of days after i phoned about it..Ferraris are flying out of the showroom right now.
Lusso, yes. Intercepted it before it got to the showroom.
Did 600 miles at the weekend - epic, I am a V12 Ferrari convert.
It’s worth phoning main dealers, Ferrari is subsiding £50k off new V12s in stock. (Though mine was used), and they also know about stuff due to come in against new Pistas and 812GTS.
I found about 6 that were not advertised but available.

Edited by footsoldier on Sunday 12th July 10:43