arling baby, i wasn't saying what they're doing is right or wrong. i was simply correct ur slip of the tongue there regarding the markup is on new cars. markup is actually on used cars as u said earlier

i wonder if some dealers will flip new to used in a matter of days just to get around the markup restriction that factory imposes..

again, they can do it because people who want to buy these cars can afford the 100k+ markup. they also don't keep the car for long so they can minimize the lost on the markup value. most buyers can only afford to hold onto these cars for 9mos or less or they'll lose their pants..

pcar buyers will pay up to 30k markup at most..

 

Not for long. Have you seen the projected 430 production figs. They also built a whole bunch of 360s. I think the market is going to start tanking rapidly in about a year. There are so many 360s around for sale it is ridiculous. I heard they are building even more 430 than 360s. I picked up a super clean, serviced with valve guide issue sorted 355 for mid 60s with 18k miles. That was an 80k car 6 months ago. 360s will start dropping like rocks once the 430 production hits full stride. I have seen 99 coupes for less than 100k already.

The older cars like the 328 will hold strong. The 348s are tumbling bad. I have seen 95 348 spiders with 25K or so miles barely bringing mid $ 40k.

Ferrari has began the market flood. They used to be much more difficult to find. Kind of like the 996 TTs and 996s in general. So many Porsches out there now.

Silly to pay premium on 430s now. Just wait a few months and I bet they will be easy to pick up at MSRP and perhaps even lower in about year. Supply will bypass demand on the 430 and 360 models. Too many options at that price and there are just not that many people out there willing and able to drop $ 225K on 2 seat garage queens.

Great for the buyer. Ferraris will not be as sound of an investment as they once were if the projected production figures I have seen are accurate.

I even think the market flood of 360s has affected Lambos and other brands. I got a killer deal on my Diablo 6.0. So good I will keep it to myself. The next year or two will definitely be good years for buying fun slightly used high sports cars at reasonable prices.

 

Doug i am with you bud - good analysis

 

Doug,
i don't want to hijack gt2next's thread by talking more about the F-car market. i hope he doesn't mind because we're bumping it at the same time.

i'm not a pro in terms of car shopping but i know the market because i'm in the related business. it'll take a good long time when the 430 to cool down & certainly it will not happen in a year or 2. just no way.

 

Whoever thinks Ferrari's have high resale needs to put down the pipe. You drive one 10-12K a year and they are like every other exotic, they sink like a rock. I would argue a TT holds a higher percentage of value over a five year span assuming you drive both cars an equal amount.

I'm not knocking the seller, and I'm not a huge Ferrari fan either. However, paying such a huge premium over MSRP is amusing to say the least. One would think a person capable of amassing the funds to buy one might also possess the necessary skills to aquire one at a more reasonable price. Again, not questioning your integrity here, but I would not put it past you to try to pocket a few bucks on the car as well in light of your opinion that others are paying even higher premiums for like vehicles.

 

no problem.......have a few offers very close to asking price, but nothing is done until it is done! first come, first serve....car is available until funds are received.

 

sold at very close to the asking price. to all, thank you!