lots of 812 and Pista's for sale

[SVJBalboni]

The US market is flooded with Pista's, in fact dealers have cars sitting in showrooms but not listing them online.

I love reading posts over on FChat from Ferrari fanboys who want to believe PIsta's are selling way over list. Reality is Ferrari is a publicly traded company now and shareholders don't care about limited production cars, they care about volume which equals more profits.

[av185]

GT4RS said:

s2000db said:

It’s all smoke and mirrors at Porsche, they made more GT3’s than any other 911 during the last production phase. It’s just that the market hasn’t yet realised that in cash terms yet.
Just clever market manipulation imo..

Agree, the 991.2 gt3 seems to be the one effected at the moment as these are already below list at trade, biggest drop I think we will see ii time is the 997 gt3 as they were slow to climb in price compared to other cars. 85k for a 997.1 gt3 is never going to stick imo.

Most gt3 cars have sat unsold for months in some cases years, the only one which seems to be selling if priced around list is the 991.2 gt3 and that’s only because it’s easy to finance due to its age and due to being the newest which many prefer.

Incorrect.

You really need to do some proper research before you post.

As forcasted last Autumn, prices have risen following restricted supply with only 11 OPC 991.2 GT3s now for sale although as usual many of these are high mileage or poverty/weird spec. The remarkable thing is despite this even these cars are all still well above list ££.

This is a typical OPC car which cost sub £120k new, so £18k premium even with the relatively highish mileage unpopular steel brakes early car 17 67 reg and 2 owners.

Edited by av185 on Saturday 25th January 22:34

[MDL111]

I read his comment as trade price not asking price on resale

[ChocolateFrog]

If manual F355 prices could drop back to the £30k they were when I was at uni and spent way too long lusting over that would be just great.

Sadly never going to happen.

[BMW A6]

ChocolateFrog said:

If manual F355 prices could drop back to the £30k they were when I was at uni and spent way too long lusting over that would be just great.

Sadly never going to happen.

Had my F355 for 15+ years, and I will NEVER sell it.

Other cars come and go. The F355 remains.

[MDL111]

ChocolateFrog said:

If manual F355 prices could drop back to the £30k they were when I was at uni and spent way too long lusting over that would be just great.

Sadly never going to happen.

Maybe not 30k flat, but very close to it is a distinct possibility imo. Cheapest car on mobile.de is currently listed at 48k euros - so lets call that 40k gbp pre haggling.

They are expensive to run and reading comments on Pistonheads, many people seem to only want to own this type of car (weekend cars in general) if it doesn’t cost them too much to run - so I would not be surprised if a lot of the buyers that drove prices up over the last 5 years will disappear again, and as a result a lot of cars will loose a lot of value due to the multitude of cars having been launched in this price bracket. When the newer models drop to the mid double digits, then I think the pool of buyers for a 355 will diminish as well as some/many will ultimately buy the newer (cheaper to run) car.

Edit: just to add - there is a 50k gbp 430 in the Pistonheads spotted article

Edited by MDL111 on Sunday 26th January 09:13

[av185]

MDL111 said:

I read his comment as trade price not asking price on resale

He incorrectly claimed the only one which is selling is the 991.2 GT3 at around list price (and implying retail) which is clearly bks.

Although he has said this before on numerous occasions to suit his m.o. and has been called out.

Edited by av185 on Sunday 26th January 10:05

[cgt2]

ChocolateFrog said:

If manual F355 prices could drop back to the £30k they were when I was at uni and spent way too long lusting over that would be just great.

Sadly never going to happen.

You could still buy a decent LHD manual 355 for 30k-ish as recently as 2012, and a RHD 550 for £38k. Prices only jumped sharply in 2014. And that was after at least eight years of constant values.

[Cheib]

cgt2 said:

ChocolateFrog said:

If manual F355 prices could drop back to the £30k they were when I was at uni and spent way too long lusting over that would be just great.

Sadly never going to happen.

You could still buy a decent LHD manual 355 for 30k-ish as recently as 2012, and a RHD 550 for £38k. Prices only jumped sharply in 2014. And that was after at least eight years of constant values.

I can see manual 355’s dropping to £50k....lots of them around and I really don’t think most owners are really aware that prices are coming off .....and I think will continue to do so for a while.

Markets off what 20% ? Most people think that’s acceptable and won’t provoke people selling. I don’t see anything making the car market go back up again and think it continues a gradual sell off. At some stage people suddenly realise the car is now worth 30% less than it is used to be and don’t want to keep paying maintenance, insurance, storage and have money tied up in a depreciating asset.

I know it’s a different car but DK advertised a 612 at what looked like a really competitive price a couple of weeks ago and it’s not sold....so that’s the new fair value and the others cars that are £20k more expensive are the wrong price. That’s where the market is...cars need to be seriously cheap to sell quickly or a fantastic/rare spec.

Edited by Cheib on Sunday 26th January 13:24

[theRossatron]

BMW A6 said:

Had my F355 for 15+ years, and I will NEVER sell it.

Other cars come and go. The F355 remains.

Likewise! Though only 10 years for me!

[BrntRubber]

I think the V12 Lusso is a cool car. I am only interested if it has already taken most of the depreciation hit. Any thoughts of where prices will bottom out on a V12 Lusso in a nice colour with key options? 50% of new price?

Thanks

[garystoybox]

BrntRubber said:

I think the V12 Lusso is a cool car. I am only interested if it has already taken most of the depreciation hit. Any thoughts of where prices will bottom out on a V12 Lusso in a nice colour with key options? 50% of new price?

Thanks

It will surely follow the depreciation curve of the FF? If a 2012/13 car is retailing at £100k and trading at £80k a good indication of Lusso prices in 3-4 years- if the market drops then it could be less. Buying a nice used at £175k might cost £100k depreciation over this time?

[s2000db]

I’ve heard there’s unregistered 812 Superfasts available, I’m not sure if this is news to anyone though...

[WCZ]

garystoybox said:

It will surely follow the depreciation curve of the FF? If a 2012/13 car is retailing at £100k and trading at £80k a good indication of Lusso prices in 3-4 years- if the market drops then it could be less. Buying a nice used at £175k might cost £100k depreciation over this time?

this. it'll settle at around £100k within a few years. many people only bought theirs to get a pista

[footsoldier]

WCZ said:

this. it'll settle at around £100k within a few years. many people only bought theirs to get a pista

or to get an 812 Superfast, which are now piling up.
812 and Lusso (and also F12s) have a way to go yet, imo, with the supply and lack of current demand.
Can't be immaterial amounts of money for everyone who did buy one on the promise of jam tomorrow.
It should be remembered that FF were expected to be at £100k within 3 years when they launched.

[MDL111]

footsoldier said:

WCZ said:

this. it'll settle at around £100k within a few years. many people only bought theirs to get a pista

or to get an 812 Superfast, which are now piling up.
812 and Lusso (and also F12s) have a way to go yet, imo, with the supply and lack of current demand.
Can't be immaterial amounts of money for everyone who did buy one on the promise of jam tomorrow.
It should be remembered that FF were expected to be at £100k within 3 years when they launched.

My 2012 FF had a list price of c 330k euros
I bought it in 2015 for 180k euros
Now it is probably worth about 80-90k euros if I need to sell (possibly less)

[SVJBalboni]

So what's going on with the SF90? I've owned one Ferrari new which was a 488 and I received a call from a main dealer asking me if I was interested in ordering one. I thought this car would be impossible to get or you needed to buy a few Ferrari's to get allocation.

[Bispal]

Cheib said:

cgt2 said:

ChocolateFrog said:

If manual F355 prices could drop back to the £30k they were when I was at uni and spent way too long lusting over that would be just great.

Sadly never going to happen.

You could still buy a decent LHD manual 355 for 30k-ish as recently as 2012, and a RHD 550 for £38k. Prices only jumped sharply in 2014. And that was after at least eight years of constant values.

I can see manual 355’s dropping to £50k....lots of them around and I really don’t think most owners are really aware that prices are coming off .....and I think will continue to do so for a while.

Markets off what 20% ? Most people think that’s acceptable and won’t provoke people selling. I don’t see anything making the car market go back up again and think it continues a gradual sell off. At some stage people suddenly realise the car is now worth 30% less than it is used to be and don’t want to keep paying maintenance, insurance, storage and have money tied up in a depreciating asset.

I know it’s a different car but DK advertised a 612 at what looked like a really competitive price a couple of weeks ago and it’s not sold....so that’s the new fair value and the others cars that are £20k more expensive are the wrong price. That’s where the market is...cars need to be seriously cheap to sell quickly or a fantastic/rare spec.

Edited by Cheib on Sunday 26th January 13:24

I spent almost 12 months through 2018/19 trying to sell my F355 (GTS manual LHD 30k miles FSH) it was a total nightmare. The car cost me £7,500 in servicing & repairs while I was selling it. had 2 independent inspections (that it passed with flying colours) offers were all low to mid £40's. In the end I put it in an auction which was a further nightmare and it took me 3 months to get my money from the Auctioneers, £47k to me in the end.

In the 24 months I owned it cost a fortune in repairs and depreciation. I tried to use it like my other supercars (McLarens) but it wasn't up to the task and often a problem would occur meaning the furthest we managed to go was Rotterdam and we had to buy a Porsche for our Alpine trips. I'm not into owning cars that cost a fortune to run and all you can do is look at them. I'm back to McLaren now a lot cheaper to run and a lot more reliable!

Admittedly a gorgeous car that sounds amazing and I am glad I owned it but I won't ever be getting another but its easy to see why people are seduced.

Edited by Bispal on Tuesday 18th February 08:09

[Cheib]

That’s a sobering tale. Not an Auction house in Kensington was it ?

[WCZ]

SVJBalboni said:

So what's going on with the SF90? I've owned one Ferrari new which was a 488 and I received a call from a main dealer asking me if I was interested in ordering one. I thought this car would be impossible to get or you needed to buy a few Ferrari's to get allocation.

reached the point of over saturation, also the SF90 has divided people on looks. - I personally think it's one of the worst looking cars they've ever made and doesn't look like a ferrari in any sense other than vaugely from the front.