Is The Modern Ferrari Market Doomed? | Mid-Engine Market Update
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- Опубликовано: 25 июн 2024
- Modern Ferrari prices are still falling from market top and are in some cases 30% lower than two years ago.
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Audi: • Audi depreciation anal...
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Content
00:00 Prices continue to fall
00:27 Turbocharged models
03:14 Naturally aspirated models
05:46 Model and market Comparisons
08:11 Is the modern Ferrari market doomed?
09:19 Conclusion
Is the modern Ferrari market doomed? It cannot be answered with a simple yes or no.
The turbo charged models without electrical assistance, so the 488 and F8, are currently dropping at the same rate as other mid-engine models. we therefore cannot state that these markets are doomed.
The answer changes for the SF90 and the 296. The SF90 is a fairly unique car which makes it difficult to compare to other models. But we can say that the depreciation rate is high.Data for the 296 is still accumulating, but a drop of 7.1% during the last three months does not look good. It would amount to a loss of approximately 25% in the first year.
Disclaimer: The Content is for educational purposes only, you should not construe any such information or other material as legal, tax, investment, financial, or other advice. Nothing contained in this video constitutes a solicitation, recommendation, or endorsement to buy or sell any cars. The information published has been obtained from or is based on sources which are believed to be accurate and complete. Although reasonable care has been taken, the completeness and the accuracy of any information published cannot be guaranteed. Any opinions may be wrong and may change at any time. You should always carry out your own independent verification of facts and data before making any purchase decision. 
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When Ferrari calls you and begs you to buy a 296 GTB... it tells you everything that you need to know about how well that model is doing.
What kind of price did they offer?
Must be in the UK because trust me that’s not even close to the market in the US
@@SamKyosho It doesn't work like that at Ferrari. They call and let you know that they have allocations. Then you put a deposit and when your turn comes up they call you to spec the car... and then you get a price if you ask them to break it out.
Tf are you on about dude? Ferrari called me for a 296 GTS and right from the get go we specced the car more or less how i want it and they made the price right away
@@freddaniali Sam Kyosha is asking the price because you made it sound like Ferrari can’t find anyone to take allocation slots and I think he is curious if they are resorting to discounts, but I can tell you that every used 296 on the retail market (in US) is on average about $50k above MSRP depending on spec, and every GTB and GTS allocation at the 2 dealers I deal with is and has been spoken for. Have you actually driven one? I hate to talk negatively about the F8 because it is a great car, and based on your thumbnail photo you may be an owner, but the as a previous F8 owner myself and someone who didn’t want to like the 296 initially, it’s actually a far superior driving car in every single way to the F8 in my opinion
Rule of thumb 👍 the more carbon fiber modifications available in the aftermarket the faster the depreciation 📉
Thank you as always for sharing your knowledge of the exotic car market. Always appreciated. 🏎️💨
Thank you sir. I always appreciate your work and insight in the Ferrari market. I always look forward to the updates you provide as the market changes throughout the year.
*What car would you like to see analyzed next?*
*More market analyses*
Porsche: ruclips.net/p/PLkx3WmwEN66dKJQug4xwskaR8tqUEtg_i
Ferrari: ruclips.net/p/PLkx3WmwEN66fjX4_e99Lu5gN2rlOtBhrE
McLaren: ruclips.net/p/PLkx3WmwEN66dlx4PN9VpM2-gSLKB0WVFn
Audi: ruclips.net/p/PLkx3WmwEN66fTWOIizW1gGdyJNvxyLXNm
Quarterly car market updates: ruclips.net/p/PLkx3WmwEN66eE4KxbIXZHxMf637v0CsVy
BMW M3/4/5?
Update on Macan.
Again and as before from many where is the 550/575 analysis. Surely these have sold enough now for some data to be useful.
@@colinfriesen3577 They will be covered in the V12 Ferrari market update.
Great vid thank you
Awesome as always, H! 💪🏻
Updates on the R8 1st Gen and 360 are always appreciated...especially the manuals 😉
Excellent video!
An analysis of the Portofino would be interesting for me 😊.
I mean, seems like a normal market when a used car has the price of a - *brace for the news* - used car.
Really sick and tired that everything has to hold value and be an investment
Correct! It only means they're not the TRUE target market, they are straining their finances by over spending.
Otherwise for the true target market or enthusiasts, it's just an expense. It's a Toy.
458's the beast!
Shopping for an 812 or 488, or Performante at this moment and this is the video I needed! Love your analysis videos!
Drive a 600LT, though the 812 is very different that the 600LT, 488, or Huracan.
@@Autoficionado the only issue with it is that my nearest dealer is 200 miles away so in case of any issues, it’ll be gone for quite a bit of time :( If I had a dealer near me, I’d do it in a heartbeat! 600LT is gorgeous in that Lantana Purple or Burton Blue especially the spider!
I have driven each of those, and while the 812 is absolutely quicker, and more unruly, I still ended up with a Performante. It just felt more special. Didn't help that people sometimes mistake my buddy's 812 for a corvette.
@@GoesSlow yeah I had a C8 Z not that long ago and people mistake it for a Ferrari and the Huracan EVO was cool but really lacked the looks of the performance. The wing and forged carbon really does wonders on the Huracan!
I just found it. Thanks. Seems that since your last video prices are continuing to fall for the 718 GT4s
Ferrari “sold out” through 2026. Hard to reconcile. But economy is part of it. Exotic car deflation
This is exactly what I said on one of your past podcasts, when you were saying the V8’s were gonna trend up in price.Here in Australia the 360 is now trending to pre Covid levels A$145k plus..There are some dreamers that want $170k plus…and those are still for sale 12 months on..
Absolutely love this channel :) can you do a market update for the AMG GTS GTC and GTR? Thank you!!!
It is great to hear that you enjoy the channel. I included the AMG GT market in this video: ruclips.net/video/kP4NDFUm0DE/видео.htmlsi=ScxuE2_Rjhv1s5mz
Another great analysis. I looked at a 2022 MC20 with sub 3,000 miles today and I can buy it for around 65% of the MSRP. Where do you see the floor on the MC20? It's an incredible car.
As a maserati? Probably 4 - 25 % of msrp
What about an analysis of the Testarossa, 512TR and F512M?
Any chance you could do an update on the SUV market like ghe Urus? Thank you!
I looked at the SF90s until I started hearing about the service delays and downtime. At a large UK dealer there were cars sitting for months awaiting parts and service for the hybrid system. That’s just poor business.
Thanks for the German market in future 🙏🏻
People need to stop thinking they can MAKE MONEY on buying a car. Even if its a special car.
Thank goodness ferrari prices are coming down to ONLY $615,000. 😂😂😂
I only buy older models..I don't like losing money on cars. I bought my F430 Spider eight years ago so I'm still up 😂
they want half a million for a 100k car, yea no wonder why people don’t buy them when they can just get a vette
Please do an analysis for the Cayenne Turbo GT.
You are stuck in an echo chamber -- 'hyper car performance with the hyper car price tag' has been McLaren 720/765 since 2018...
Are any cars going up
I think the multiple power train components, along with warranty unknowns, coupled with HPower centric buyer base, has these cars on the slide.
Faster cars coming to market, along with likely less glitches
Compared to pre Covid, prices are still high. It’s just slow market correction
perhaps you should extend the trend and metion the price ~6month from now if it stays the same?
Useful analysis. Why no reference to Roma's?
This is for mid-engine cars only. The Roma is included here: ruclips.net/video/kP4NDFUm0DE/видео.htmlsi=H45aivxHcOxNgoRB
Thanks!
Much appreciated. Thanks a lot for supporting the channel.
Good stats! The 765LT in uk though is holding values very strong - the car is rare - especially the Spider.
Probably the best car in the graph.
Im guessing its not so great for the 720s holding value
@@jasons2562 720 is another master piece
@@vishc3577 yea but now the 750s made it obsolete. The positive is you can get a good deal on the 720s now
The 296 seems like a knock off Ferrari
The hybrid reliability is a concern…the first year sf90 has signs of battery and electrical issues and owners get rid of them as warranty is about to expire, these affects the later production cars as a result and also on he 296. The laferrari value is also kinda bumpy coz of the battery cost (200-300k) as issues started surfacing
296 had issue in multiple journalist testing video and they are brand new can you imagine what happen to owner cars after a few years of ownership.
Seems the same as happened to F1 racing.
I would like to see another update on Porsche 718 GT4s. There a lot for sale in the $140 to $150 range but seem to be selling for around $120K. Are they about to fall further.
I did one four weeks ago, did you already see that? Usually i update them every three months.
Please do Testarossa / 512TR
I'd like to see a video on the Ferrari 550 Maranello market.
Last manual gearbox V12 made in large numbers. 575 & 599 had a small number so that alone keeps any manual version in a special price bracket.
I see only one direction for manual 550 Maranello and that is UP.
I will include it in the next v12 market update.
@@fourwheeltrader Thanks.
How about a Jeep SUV 4x4 Market update
Ferrari, please bring an 812 successor (NA V-12) to market. Bonus points for manual option…
They are doing it, will reveal mid 2024 in a few months. Reveal will be in Miami
Please make Ferrari 360. I have a manual spider. Thank you!
The Maserati MC20 is just unappealling. The interior looks really cheap.
F430 manuals continue to rise…peak analog Ferrari. Sotheby’s recently sold a black coupe for over $300k with 12k miles. At a different auction house a year or so earlier a manual Spider went for $250k. The last manual Ferrari…fast, N/A, noise, relatively low maintenance.
Real money not an increase. Sold mine 2022 255k. Inflation correction. If I had invested purchase price 2010 would be 1m usd.
@@scottsilvestry3455 Well done on your deal. Of course not, this subject is about 2023 mid engine Ferrari values not investments. If you had invested the purchase price at say $150,000 in Apple stock in 2010 it would be worth $4m today and bitcoin….well you’d be a billionaire. If you waited 18 months you might have made another $50k on your Ferrari 🙂
Damn I feel worse now. Nah. It was a great car. 16m replaced it
@@scottsilvestry3455 Super nice! Congrats.
I would love to know where the Lotus market is at, especially with the new Emira that just launched
More on that in 2/3 weeks.
For me personally a sportscar needs to be the lightest possible..sold my 911 992 because it was to heavy…nobody really wants electric motors & batteries..i think the Ferrari F8 will turn out to be a good investment in the future..
Please do an analysis on front engine V 12 Ferraris again, seems like prices are trending down here in the last 6 months ( USA MARKET) thank you
I did one two months ago: ruclips.net/video/RnMrjc3ZMTE/видео.html
Depreciation for isn't a concern for those who are their true market audience. It's a hobby car, not business for the real target market.
It's crazy to me that some people do cars as investment.
Maybe people think Ferraris are losing their exciting driving experience. Especially with the move away from V8 full natural aspiration for the mid engine staple cars.
Hi finances cost means less buyers of cars - period.
Least we forgot a number of new car purchases in recent years were driven by political threat's to non EV drivers, while practically zero interest rates allowed the masses to indulge in the supercar market.
EVs aren't selling anymore, conversely supercars aren't. The drop in values are following simple market laws, laws that were opposite when for instance a hand full of 911Rs hit the market.
Back then there was plenty of cheap credit finite supply
It's not really down when the price is still more than the brans new price.
the question is whether you are starting with the MSRP for the SF90 and the 296 -- dropping the price for the used cars is misleading. The used 296 GTS models available are priced around $100,000 from their msrp -- and it makes sense that this premium amount will fall as more of these model become available to buy used. Dealers require customers that order a new 296 sign a one year "hold" contract -- that is - they can't sell the car until 12 months have passed. If you can't wait two years for a car you order-- pay the premium. But the real question is are these cars selling for a lot less than their MSRP pricing - that is-- are buyers that bought and ordered a new SF90 or more specifically - the 296 having to sell these models below their original purchase price today? AS more than around 10 of the 296 GTS are available to buy used the premiums should decline as used cars compete for buyers and any sale above msrp for these first owners is still an attractive outcome.
In the Ferrari market there is always this premium for cars still in production but with a one to two year wait after providing a deposit and spec to the factory. So the used ones are simply offered with a premium over msrp that some impatient buyers are willing to pay to obtain immediate satisfaction.
Do another analysis and start with msrp in relation to the current market value to deterimine if the buyers that ordered either of these two cars have lost money one year or several years after purchasing the car at MSRP -- Ferrari dealers never mark-up above MSRP like Porsche dealers do on a regular basis.
That was all true in the past, my porsche dealer will let me order anything I want at msrp and ferrari has straight up inventory and are begging
So the Ferrari market is showing weakness and relatively speaking, Mclarens aren't going down as fast as most people would expect them to.
Your analysis on the SF90 skips the first year of market availability. $650K New cars were put on the market for $950K. Those prices stayed roughly the same another year. It was only after that, about 18 months that market priceshave drifted down to $650K. Which is roughly the average MSRP on a new car. So you skipped whole $650K to $950K appreciation that happened. If you used all of the market data, then you would see that today's used prices are the same as the past new car prices. So it looks like it is back flat. And people could place orders. So one only paid $950K if they had to have immediately vs placing a retail order at $650K and waiting
The graph starts at the first moment that there were cars listed for sale with a price. In December 2021 this were only 5 cars. Naturally, if you got your car for MSRP prior to that date, you could have tried to sell it for a premium.
Thats great so maybe I can get an F8 years from now.
Do one on EV:s too.
-30 % when you drive it from the dealers..
Just did one last week on the Taycan. It's currently the faster depreciating car on the channel.
They don't have stick shifts.. that's the problem.
The car it self is not bad. But the external factors due influence this. Terrible roads, average speed cameras, noise cameras, anyone can rent one/lease one anytime. No longer special, no longer a trophy car.. all supercar models
Last year I walked into a Ferrari dealership and told the people there the sf90 was not worth 750k$. 1 year later is barely worth 500k 😂
No you didn’t.
This may be outside your wheelhouse, but how about american pony cars? Dodge Challenger and Chevy Camaro are EOL, Mustang's got at least one more generation in it. Are the discontinued models getting a bounce?
Thanks for the suggestion. It has been a bit of a hit-or-miss with the US muscle cars, but i am still tracking prices for a few mustang (Bullits and GT500).
But is this considered actual depreciation or moreso the market adjusting itself to proper prices post covid? During the covid period, many cars were sold for WAY over their MSRP.
Why so many Ferrari and Porsche videos. When will you do Aventador?
They tend to get the most views and especially the Porsche market makes up a significant share of the sports and supercar market. Unfortunately, Lamborghinis do not do well on the channel. Perhaps owners care less about the value development? I started to track prices for the Aventadors but i am not yet sure when they will feature on the channel.
If i had the money id buy an SF90 at a big discount. Fast a shit.
Please do a review on the F-12 Berlinetta
Have a look at the Ferrari playlist on the channel. I recently did a V12 ferrari market update that includes the F12.
SF90 is a nightmare. Horrible to maintain. To make a long story short : nothing works properly. Ferrari guys used to say (in private, they don't want to go public because the factory would retaliate) the 296 is a SF90 that works properly (more or less). The design of the back of the SF90 is hideous and this is a real concern for a Ferrari. As for the touchpad driver zone incl steering wheel, this infuriates the owners. Bad choices, atrocious ergonomics. Never works when you want to... works when you don't. Hybridisation is a joke and will probably make the car very difficult to sell in the future.
Major error for Ferrari in the SF90 model by going with a turbo V-6 instead of a V-8, especially at that price point, as it makes purists feel like a downgrade no matter how fast it is.
Do u mean 296…V6? 🤔
YUP for sure
@993mike might want to stick with Porsche’s, SF90 is still a V8.
The SF90 is a ~980 HP hybrid V8, not a V6.
What is the common characteristic? Hybrids
Doomed !
Why when you marry your wife you expect her to grow younger too ?
It's so easy you silly lad . No graphs required . Modem Ferraris have lost their mystique. Theyre ugly ( particularly the sf 90 ) and have lost the classy untouchable image they enjoyed prior to the collapse of the world to this new monied social media mess . Ferraris of old are very stable in value and even hugely increase in worth because the class that was inbred into every chassis by the old man himself , was authentic , unpolluted and could only have been made under his watch . Anything post the 348 was not an Enzo masterpiece , it was a committee effort of people without the genius guiding the way . Now add the modern psyche and the classlessly wealthy , who are mostly wealthy due to luck and a mix of technology and you pander to the wrong kind of consumer . A Low class client base is not demanding of genius . The SF 90 is a great example of an utterly disastrous monstrosity of failure made for You tube millionaires . Compare this to a Dino and you see the point . No analytics required here , it's a simple question of Ferrari can never be Ferrari again as Enzo is dead and his son is not a genius like his dad was . Anything built now may as well be badged Mazda . Throw the graphs and the euro babble in the bin . I've owned a 246 Dino , 308 , gt4 , and Mondial . I made a killing on each one when I sold them .
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