F430 Market Watch
Discussion
baypond said:
My two penneth as a counterbalance to all the 'bears', and that is that RHD cars have a smaller market than LHD, but RHD have been at a premium for a long time now (supposedly as part of the numbers produced game). The UK economy is struggling, but the LHD world is doing pretty well, especially Europe. On that basis, I think we see a strong compression of LHD/RHD gap, but that ultimately, the LHD market will provide support, and prevent the 'crash' that people are suggesting. Another consideration is GBP/EUR, which has fallen from above 1.3000 to 1.0900 and that means that a LHD car priced at EUR 100,000 has risen in GBP terms from a GBP 77,000 to GBP 91,000 without European LHD car prices moving. If GBP were to keep falling then this would be natural support eventually for RHD vehicles.
Thats a fair point but RHD in a LHD market is just as likely to be discounted as LHD is over here. Why would the average Frenchie want to pay as much for a RHD car as he would for a LHD one? So I would see the UK LHD cars disappearing over to the continent as they appeared on sale and the UK RHD cars falling to a discount against the European average.I spoke to one of the auction houses yesterday who specialises in classic/sports cars circa £30k-£50k.
He says they have LOTS of buyers from the continent as buying in the UK [for them] is 'cheap', particularly if they can buy a LHD over here.
IMO if you have a LHD car that you bought a few years ago, now would be the time to sell it*.
He says they have LOTS of buyers from the continent as buying in the UK [for them] is 'cheap', particularly if they can buy a LHD over here.
IMO if you have a LHD car that you bought a few years ago, now would be the time to sell it*.
- from the point of view of maximising the amount of money you put in your pocket. If you bought it to enjoy and still do, then carry on enjoying it!!!!
bordseye said:
baypond said:
My two penneth as a counterbalance to all the 'bears', and that is that RHD cars have a smaller market than LHD, but RHD have been at a premium for a long time now (supposedly as part of the numbers produced game). The UK economy is struggling, but the LHD world is doing pretty well, especially Europe. On that basis, I think we see a strong compression of LHD/RHD gap, but that ultimately, the LHD market will provide support, and prevent the 'crash' that people are suggesting. Another consideration is GBP/EUR, which has fallen from above 1.3000 to 1.0900 and that means that a LHD car priced at EUR 100,000 has risen in GBP terms from a GBP 77,000 to GBP 91,000 without European LHD car prices moving. If GBP were to keep falling then this would be natural support eventually for RHD vehicles.
Thats a fair point but RHD in a LHD market is just as likely to be discounted as LHD is over here. Why would the average Frenchie want to pay as much for a RHD car as he would for a LHD one? So I would see the UK LHD cars disappearing over to the continent as they appeared on sale and the UK RHD cars falling to a discount against the European average.Edited by baypond on Friday 25th August 14:50
F430 prices are symptomatic of the overall market - very little is happening. The average asking price fell 1.2% over the last month but prices have been treading water for a while. August has always been slow but this year it seems to have been even quieter. I'm going to be at Sotheby's on Wednesday so it'll be interesting to see what the room is like and how the bidding goes. I guess it could set the tone for the rest of the year.
Edited by voicey on Tuesday 5th September 07:49
No comments between the monthly updates - things really are slow!!
F430 prices have fallen again - down 2.44% over the last month. However the average asking price is still over £100k, just. We are seeing reduced levels of interest in the F430 as buyers become more fixated on their potential downside. We have buyers that have discounted buying an F430 F1 in favour of a manual 360, despite the F430 being a much better car (IMO). I can only really see a continued slow decline in asking prices as we enter the winter months.
F430 prices have fallen again - down 2.44% over the last month. However the average asking price is still over £100k, just. We are seeing reduced levels of interest in the F430 as buyers become more fixated on their potential downside. We have buyers that have discounted buying an F430 F1 in favour of a manual 360, despite the F430 being a much better car (IMO). I can only really see a continued slow decline in asking prices as we enter the winter months.
RamboLambo said:
Would of thought it would of sold by now then ?! Are you just getting tyre kickers or stupid trades bid or just no interest at all ?
Trade bids are actually quite sensible, i mostly had people trying to chip me on the price both when i tried it privately and at my previous SOR provider, all without actually viewing the car mind! current place has had a few interested parties but not closed it unfortunately.had exactly the same with my M4, i even got clowns telling me it was worth less than my trade bids! in the end i had it advertised so close to the trade offer it just made sense to punt it and avoid the jokers... the company that bought it have now sold within a week of picking it up i noticed.
I'm not so desperate to sell the 430 (no finance) so can hold out for a better than trade offer.
Nano2nd said:
Trade bids are actually quite sensible, i mostly had people trying to chip me on the price both when i tried it privately and at my previous SOR provider, all without actually viewing the car mind! current place has had a few interested parties but not closed it unfortunately.
had exactly the same with my M4, i even got clowns telling me it was worth less than my trade bids! in the end i had it advertised so close to the trade offer it just made sense to punt it and avoid the jokers... the company that bought it have now sold within a week of picking it up i noticed.
I'm not so desperate to sell the 430 (no finance) so can hold out for a better than trade offer.
Good luck but you may have to wait to spring for interest to pick up and god knows what state the market will be in by then. I fear the trend is downward for all used supercars including rare manuals as prices have had meteoric and unjustified rises previously. this is just a correction rather than a crash at the moment and I cant see it ending until Brexit is finalised TBHhad exactly the same with my M4, i even got clowns telling me it was worth less than my trade bids! in the end i had it advertised so close to the trade offer it just made sense to punt it and avoid the jokers... the company that bought it have now sold within a week of picking it up i noticed.
I'm not so desperate to sell the 430 (no finance) so can hold out for a better than trade offer.
RamboLambo said:
Good luck but you may have to wait to spring for interest to pick up and god knows what state the market will be in by then. I fear the trend is downward for all used supercars including rare manuals as prices have had meteoric and unjustified rises previously. this is just a correction rather than a crash at the moment and I cant see it ending until Brexit is finalised TBH
can't say i disagree with you, pretty much everything i've been watching... 911s, R8s, gallardos, vantages, californa's have all been for sale for weeks/months.. in fact the only thing that does seem to move is well priced 991 Turbo S's at OPCsRamboLambo said:
Good luck but you may have to wait to spring for interest to pick up and god knows what state the market will be in by then. I fear the trend is downward for all used supercars including rare manuals as prices have had meteoric and unjustified rises previously. this is just a correction rather than a crash at the moment and I cant see it ending until Brexit is finalised TBH
I'm waiting for this (and Euro:Stg£ parity) to swoop on a Speciale. Rambolambo posts are all the same, Ferrari beating, over priced, get a Porsche, get a Macca, bah blah, he could not be more wrong with regards to the Ferrari market, yes it's slow, it's nearly winter but that doesn't mean they are going to plummet in value, look at the 458's, both spider and GTB are going up in value to nearly there original purchase price, so this is helping all older Ferrari V8's.
I should know as I have been tracking 458's with a view to upgrade but have found the prices going up since early summer, so much so it is starting to make more sense to buy a new 488.
I should know as I have been tracking 458's with a view to upgrade but have found the prices going up since early summer, so much so it is starting to make more sense to buy a new 488.
dvb247 said:
Rambolambo posts are all the same, Ferrari beating, over priced, get a Porsche, get a Macca, bah blah, he could not be more wrong with regards to the Ferrari market, yes it's slow, it's nearly winter but that doesn't mean they are going to plummet in value, look at the 458's, both spider and GTB are going up in value to nearly there original purchase price, so this is helping all older Ferrari V8's.
I should know as I have been tracking 458's with a view to upgrade but have found the prices going up since early summer, so much so it is starting to make more sense to buy a new 488.
Where have I bashed Ferrari in my last post. I've said ALL supercars FFS.I should know as I have been tracking 458's with a view to upgrade but have found the prices going up since early summer, so much so it is starting to make more sense to buy a new 488.
As regards prices going up I can only suggest you are holding the graph upside down because I'm looking at cars that are falling £10k a week recently.
I've looked at 2 458 Speciales and 2 675 LT's recently and I can assure you the prices are going down. One dealer was bending over backwards to do me a "deal" on a special but the car needed some recon work after obviously being tracked and they couldn't accommodate that on top of my £300k offer
MingtheMerciless said:
Anyone want to speculate as to trough Speciale values next year? I don't give a toss about investment value I want to track one to bits so I'll take one with a starship mileage like 10k or so that means it has been destroyed as a "classic investment" 
My guess for what its worth ( and tin hat on ) is close to list price ? Not sure slightly above or below though. The recent one I made an offer on was £310k with 6,000 miles and listing at circa £250k RamboLambo said:
jtremlett said:
irst listed December last year at £119,990. Reduced to £114,990 at end of April.
Not especially relevant, but possibly of mild interest, the same car was for sale at Meridien in April 2013 for £94,995 then £92,995 (4k miles) and in May 2014 at Dick Lovett for £95,990, reduced to £92,990 in June 2014 (5,860 miles).
Jonathan
Good info and clearly shows how the market is now correcting the previous ridiculous gains. My £100k offer does not seem unreasonable but with a £20 - £25k spread it could be close to what they paid for it. They wont like making a loss on the car but may let it go at break even if they have had it 9 months and the market is going downhill faster than Franz Klammer Not especially relevant, but possibly of mild interest, the same car was for sale at Meridien in April 2013 for £94,995 then £92,995 (4k miles) and in May 2014 at Dick Lovett for £95,990, reduced to £92,990 in June 2014 (5,860 miles).
Jonathan
I'm actively looking for an F430. This one isn't too unreasonable now from a Ferrari main dealer for a 2009 car with very low mileage and a nice 2 year warranty but I'm ideally after one with the carbon sports seats.
The F430 market is cooling. Everything on my radar 3 months ago is still up for sale. Whereas all the cars I have seen appear in the classifieds that were reasonably priced for their spec/mileage etc have sold within days. Unfortunately none had the carbon seats that I would like.
Dealers (mostly main dealers) are reducing the prices of cars they want to shift. Most Independents and those using SOR seem to be holding firm possibly in the belief this is only a temporary blip in what has overall been an upward market for many years. Who knows, I don't have a crystal ball, but maybe some will start to reduce prices a little now if they don't want to potentially hold stock all winter.
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