F430 Market Watch

F430 Market Watch

Author
Discussion

ditomaso

241 posts

168 months

Wednesday 6th November 2013
quotequote all
WEHGuy said:
Seconded. Is that even a word?
Here you go. These include VAT and are an average of Main Dealers and Independents on the site. I could bore you with the number of quotes, average savings etc, but these are the figures after discounts/savings etc. Hope its of use, but prices do change and we do see seasonal offers & 'specials'.

KenC

606 posts

181 months

Thursday 7th November 2013
quotequote all
Belts on a 430 Jules?

dudlow

186 posts

169 months

Thursday 7th November 2013
quotequote all
KenC said:
Belts on a 430 Jules?
Must admit it made me think for a moment I haven't done mine for a while or have I ?

KenC

606 posts

181 months

Thursday 7th November 2013
quotequote all
dudlow said:
KenC said:
Belts on a 430 Jules?
Must admit it made me think for a moment I haven't done mine for a while or have I ?
Chain rather than belt so they don't need to be done.

RVIANT

1,268 posts

199 months

Thursday 7th November 2013
quotequote all
Dealer pulling a fast one? biggrin

ditomaso

241 posts

168 months

Thursday 7th November 2013
quotequote all
lol, it only takes one Dealer to cock it up...you'd be surprised what options can appear! Should pay more attention to my graph production

Vipers

27,971 posts

174 months

Thursday 7th November 2013
quotequote all
Need some info guys. Spotted a lovely Ferrari F430 F1 Spider today, and had a shufty around it, not having seen many before. I noticed this big yellow rev counter, but couldn't see an speedometer, do they actually have one?







smile

voicey

Original Poster:

2,330 posts

133 months

Thursday 7th November 2013
quotequote all
Vipers said:
Need some info guys. Spotted a lovely Ferrari F430 F1 Spider today, and had a shufty around it, not having seen many before. I noticed this big yellow rev counter, but couldn't see an speedometer, do they actually have one?







smile
The speedo is to the right of the rev counter.


Vipers

27,971 posts

174 months

Thursday 7th November 2013
quotequote all
OMG, I want one............

Thank you for that, couldn't see that in the car, but what a lovely piece of machinery, I can appreciate why those who can afford them buy them.

Looks like it's more designed to watch the revs as apposed to the mph.




smile

voicey

Original Poster:

2,330 posts

133 months

Friday 13th December 2013
quotequote all
Firstly, apologies for not updating this thread sooner. Although I mined the data at the start of the month other commitments have taken priority.

The latest 360 prices are here: Link. Here's the thread for the 458 prices: Link. I have also provided the raw data on FF prices to a fellow PHr so he might be starting a thread on that tipo next month.

Now that I have a vested interest in 430 prices I will try and do a little more analysis. The headline price index has actually firmed up 0.33% MoM and now stands at 96.43. Here is the main data table:



Spider prices seem only to attract a premium at the upper end of the price spectrum. F1 still commands a premium and I reckon it'll be a number of years before the manual is really sought after. Red and black are the most popular colours and appear to attract a small premium.

The number of adverts has tanked in the winter months, as you would expect, almost halving from when I started collecting data:



Here's the chart of asking price vs mileage:



Since a low mileage example has appeared as well as some high mileage cars, I have been able to add a trendline. I have chosen a Power equation but might switch to a Log as time goes on. Here's a quick table of mileage vs computed asking price:



I am still keeping an eye on the yellow spiders for my mate Adz. The car that appeared on the market last month is still for sale but no more have come onto the market, thus preserving that aura of exclusivity...



That's about it. Please let me know if I've made a mistake anywhere or if there's anything else you want to see. Cheers...

johnnyreggae

2,339 posts

106 months

Friday 13th December 2013
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Your data for both 430 & 360 appears to be demolishing another PH myth : buy a spider in winter as its far cheaper !

markst

173 posts

111 months

Friday 13th December 2013
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I wonder how you could deal with the issue of " how long the cars have been on the market"....for loads of cars have been on for months and months.....tbh there is a lot of hopeful pricing out there...

how about doing a monthly " a dealer offered me this" for my car......on say a 430, 360, 550 and 575....

its what people are prepared to pay that counts !! lol

Adz man

319 posts

105 months

Friday 13th December 2013
quotequote all
Ha ha thanks Voicey! I contemplate selling it but i haven't done anything about it. As you know its a late 06 and now has 13.700 miles.
See i would want a bit more than average as its in A1 condition with perfect main dealer history.
Maybe i'll keep it smile

voicey

Original Poster:

2,330 posts

133 months

Saturday 4th January 2014
quotequote all
Happy new year!

For the latest 360 prices (including a surprise rise) see here: Linky. For 458 prices see here. I am also collecting FF prices for a fellow PHr - if you want to see some numbers on those let me know.

Average asking prices have firmed yet again for the second month in a row. The MoM move is +0.8% taking the index to 97.20. Here is the main table of the data cut by bodystyle, gearbox and colour:



The number of adverts continues to decline...



The relationship between asking price and mileage remains fairly static:





Finally the yellow spider update: The solitary car on the market remains for sale - does this mean that no one wants a car that looks like a banana any more?!



I'm working on a way of tracking how long cars have been on the market and will update this thread once I have time to finalise things.

Cheers,

Aldous Voice

EDIT: Somehow the Dec table got pasted in, updated with Jan table.

Edited by voicey on Saturday 4th January 15:33

red_duke

736 posts

127 months

Saturday 4th January 2014
quotequote all
Always fascinating Aldous. Thank you for taking the time to put this data together. I reckon it will get even more interesting as the historic data accumulates.

How difficult would it be to show price differential for cars with/without ceramic brakes the way you do for F1/manual gearboxes? The impact of CCM brakes on resale value is hotly debated!

Right, I'm off to the garage to polish some more value into my F430.

Edited by red_duke on Saturday 4th January 14:29

slippery

14,090 posts

185 months

Saturday 4th January 2014
quotequote all
Great thread OP. Thanks. smile

voicey

Original Poster:

2,330 posts

133 months

Saturday 4th January 2014
quotequote all
red_duke said:
Always fascinating Aldous. Thank you for taking the time to put this data together. I reckon it will get even more interesting as the historic data accumulates.

How difficult would it be to show price differential for cars with/without ceramic brakes the way you do for F1/manual gearboxes? The impact of CCM brakes on resale value is hotly debated!

Right, I'm off to the garage to polish some more value into my F430.
I will see what I can do. It's a good idea and I'll try my best to make it work.

slippery said:
Great thread OP. Thanks. smile
My pleasure.

voicey

Original Poster:

2,330 posts

133 months

Saturday 4th January 2014
quotequote all
Right CCM vs Steel brakes. I have tweaked the algo, if the advert text mentions "Ceramic Brake" or "Carbon Brake" then it will flip the Brake Type flag to CCM. Otherwise the flag will be set to "Steel". I have re-run it for January but really don't have the time to back populate the data for prior months. I will continue to collect it going forward though.

As suspected, CCM brake equipped car carry a premium over Steel braked examples:



In order to try and see this in more detail I plotted the asking price vs mileage in two data sets, CCM vs Steel. I then added the trend line over the two sets of asking prices:



Using the trendline equations we can then try and put a number on the average premium that CCM carries for different mileages:



I don't think this paints the correct picture though. The trendlines are diverging at higher mileages whereas I think the opposite will apply - for a car with a galactic odometer reading the fact that it has CCM brakes will be less important. However, at "normal" mileages, the premium seems to be about £5k.

Cheers,

Aldous Voice.

red_duke

736 posts

127 months

Saturday 4th January 2014
quotequote all
Great insight Aldous, thank you for drilling down on the CCM effect. I confess my interest is purely selfish as I've just had the £10,500 factory CCM brake kit fitted to my '05 F430.



It would be nice to see some return come resale time smile

Edited by red_duke on Saturday 4th January 17:16

KenC

606 posts

181 months

Saturday 4th January 2014
quotequote all
Remember that CCM brakes became standard some time in 2008 so an advert for these cars may not mention them.