Sign of the times...

[djs]

As I pull into my office parking lot today, I see the barbershop (yes, the barbershop) has a 2001 Modena for sale parked out front. A complete placard/writeup is on the passenger seat stating it is a 2001 with about 6000 miles, 6 spd, red, etc., $140,000. Now, just looking at Ebay for 30 seconds, I found eleven 2001 360s, some were Spyders, from a BIN $89,000 to $120,000+, but nobody near $140,000, (the Hinsdale, IL Ferrari dealer has similar '01 with the F1 tranny for $11Gs less).
I don't know the fellow selling it, and the car looks perfect, but I think he's in for a rude awakening.

 

[shelbyelite]

Ferrari market is dead!

 

[Heffner Performance]

I sold my 2001 360 coupe over a year ago with F1 trans, Daytona seats, shields etc. for 127,000. About 13,000 miles.

 

[Mullet]

I sold my 2000 360 coupe non F1 with 24k miles 3 months ago for $90k to a dealer. I owned it for 2.5 years and bought it for $116k.

 

[silver1331]

I have been offered a few 430s in the 150s range...amazing how fast these fell. Even low mile cars 05 or 06 430s are in the 160 range AND DONT SELL!

 

[Waxer]

In a few months if things get worse i.e. Obama gets elected, higher taxes on the horizon, employment rate increasing, investors running for cover the prices will drop further. If you have the money I bet you can pick up a real bargain.

Shelby, what say you????

 

[Mullet]

I will be a buyer if the Fcars get cheaper than what they are at now. A 430 at 130k is a steal. Maybe in 6 months?

 

[Juan Cooldude]

I'm waiting for the 430 Scuderia to come down in price...

 

[Mullet]

I'm waiting for the 430 Scuderia to come down in price...

that one's gonna take longer, no doubt.

 

[Empty Pockets]

I have been offered a few 430s in the 150s range...amazing how fast these fell. Even low mile cars 05 or 06 430s are in the 160 range AND DONT SELL!

And yet the FGT prices just keep on 'keepin' on'. :lol

 

[BlackICE]

And yet the FGT prices just keep on 'keepin' on'. :lol

I would suspect that the FGT will hold up better than any other production car. That said, I expect even the FGT prices to soften up some in the coming months. Maybe we can thank Obama for that too.

 

[Mullet]

kinda limited production helps the GT's value IMO.

 

[Waxer]

My thought too. In a month or so if things really go in the chitter and the 430 drops significantly or I can pick up a KR500 at cost, fear be damned...I'm in!:thumbsup

 

[shelbyelite]

Actually, I am getting a bigger demand for the more rare colors, but the more common colors such as the white and the red have slumpped a little, but I stress the word "LITTLE"

 

[w. mitty]

Ferrari market is dead!

Shelby,

I know that you have your ear to the rail regarding the exotic market. On a scale of 1-10, ten being most leery, where would you rank dealers right now when they are offered an F430 on trade? Are they the poisonous fruit right now? As a former F430 owner, I'm curious.

 

[Kayvan]

Seems to me like F dealers are b/w a rock and a waiting list......

On the one hand they have 1-2yr old cars with dramtically falling values; and bottleneck waiting list for cars at MSRP north of 1 yr.

The 6 NE F dealers were still deluding themselves with attitude....when people walk away from their deposits (like @x-mas) the bottom will fall out

599's are in freefall

http://www.ferrarichat.com/forum/showthread.php?t=217717

 

[BlackICE]

I'm waiting for the 430 Scuderia to come down in price...

From Ferrarichat.com

The market for second hand cars in Europe has collapsed. I can't even sell a Scuderia at list. Anyone in the US paying over MRSP now is absolutely nuts.

 

[Empty Pockets]

Speaking of basement prices and dead car sales, I wonder how quickly I'll be pounced on @ Chapman Chev when pop in next month & head for those 4 ZR1's they supposedly have sitting on the floor down there? :frown

Mebbe if I wear my "Daddy do list" work clothes when I go in there it'll save us ALL a lotta wasted time. :biggrin (That 'garb' almost always transforms me into the 'invisible man' in 'dealer showrooms! To most people I look like I left my, " Homeless. Anything helps", sign just outside the door. IT WORKS GREAT! :lol)

 

[MAD IN NC]

I'm waiting for the 430 Scuderia to come down in price...

and what a car! :cheers :thumbsup

 

[anya]

Kr500

My thought too. In a month or so if things really go in the chitter and the 430 drops significantly or I can pick up a KR500 at cost, fear be damned...I'm in!:thumbsup

iT WILL probably happen! i called a local dealer who has one coming and he *69 me and he will deal. (in the 90s the F40 went from 750,000+ to list)rofl

Jim