THE F70 (LaFerrari) Thread

[merstheman]

Originally Posted by amenasce

From what i heard, France allocation is sold already. If France can do it, im sure the US can do it also. And this time around, there a more markets for this car then when the Enzo was introduced. I dont think Ferrari sold new Enzo in Russia, China, Singapore, Brazil..but they very well could sell this car to these new markets. The Middle east is also a bigger market for Ferrari than it was 10 years ago.

If they produce 500 of these cars, with 100 coming to the US, i dont think they would have a hard time shifting them.

Porsche is another story. The CGT never double its value and can be bought now for less than MSRP (not counting inflation) even for low mileage cars.

The group that represents the factory in Brazil (they also represent Maserati, Lambo and Rolls Royce) have pulled out of this year's São Paulo auto show, citing a "change in strategy" for the Brazilian market. Ths is generally not such great news. The showroom is a stone's throw from my home. I drive past it almost every day, and they still have brand new 430's sitting unsold. Given the cars' prices are instantly doubled when they are sold here (1MM dollars for a 599, roughly) I don't think the new Enzo will sell unless they have a very specific buyer already committed. If the requirements for owning one of these cars that show up here are really true (Having a 288/f40/f50/enzo from new, or 9 ferrari's in the past 24 months) then there is no one qualified to own one of these cars in the country. If they are willing to make an exception, I can think of at most 2 people who I know for sure would have the $$ and interest to perhaps buy one of these cars, but there is always the 918 to consider.

I can't speak for other foreign markets, but I can tell you that it is unlikely one of these cars will make its way here to Brazil soon. Not impossible, but unlikely.

[Napolis]

Originally Posted by merstheman

The group that represents the factory in Brazil (they also represent Maserati, Lambo and Rolls Royce) have pulled out of this year's São Paulo auto show, citing a "change in strategy" for the Brazilian market. Ths is generally not such great news. The showroom is a stone's throw from my home. I drive past it almost every day, and they still have brand new 430's sitting unsold. Given the cars' prices are instantly doubled when they are sold here (1MM dollars for a 599, roughly) I don't think the new Enzo will sell unless they have a very specific buyer already committed. If the requirements for owning one of these cars that show up here are really true (Having a 288/f40/f50/enzo from new, or 9 ferrari's in the past 24 months) then there is no one qualified to own one of these cars in the country. If they are willing to make an exception, I can think of at most 2 people who I know for sure would have the $$ and interest to perhaps buy one of these cars, but there is always the 918 to consider.

I can't speak for other foreign markets, but I can tell you that it is unlikely one of these cars will make its way here to Brazil soon. Not impossible, but unlikely.

The same thing happened to me when I bought my new Enzo to turn into P 4/5. The car I bought was the last new unsold Enzo and originally it had been "bought" by someone in Argentina who never took delivery.

Regards

[Napolis]

Even Europe's strongest market for Ferrari Germany is encountering a few speed bumps.

The Nurburgring is bankrupt.

This may effect the F1 race their but probably the 24 will go on but the issues that bankrupted The Nurburgring will effect all of Germany and the boom that created seeming endless demand for Hypercars may abate a bit.

Now that some have seen the New Enzo anyone want to comment as to how it looks?



Andrew I like the interior stitching you chose.

[Bill S]

I think all 1,200+ F40's were sold in 1988-1992, some for $1M+. What's that in today's dollars?

We're their more wealthy people back then?

There are many millions of people who can afford to buy the new Enzo. Whether they want it or not is another story.

[Traveller]

Originally Posted by DeSoto

I don´t know how bad the world crisis is, but I do know that 1.7 million is a lot of $. If the 1.3 million Bugatti didn´t sell well when things were going better, I don´t see how they´re going to move a 1.7 million Ferrari now.

I know that Ferrari is Ferrari, but 1.7 million is 1.7 million. Maybe they can do it if they pretend to build only 200 or so.

I agree. Ferrari can demand more of a premium than any other manufacturer for a limited edition, but in this market place they are either going to have to reduce the price or limit numbers. Would not surprise me if this was still an ongoing discussion whilst quiet allocations were made to gauge the reaction.

[Napolis]

Originally Posted by Bill S

I think all 1,200+ F40's were sold in 1988-1992, some for $1M+. What's that in today's dollars?

We're their more wealthy people back then?

There are many millions of people who can afford to buy the new Enzo. Whether they want it or not is another story.

Bill

The original sale price for the 1200 F40's was about 426K. The ones you cite at 1MM were flips to idiots. 426K in inflation adjusted dollars from 1992 is a LOT more than an F40 is worth today.

Here's the thing. You have a very nice collection of Ferrari Supercars and are a real Ferrari Supercar enthusiast. How do you feel about the fact that under the rules Michael posted you aren't eligible to buy a new Enzo? Have you been invited to see the new Enzo?
Have you received a "qualification letter"?

If I ran Ferrari and you wanted to buy a new Enzo you'd certainly be offered one.

[Bill S]

Originally Posted by Napolis

Bill

The original sale price for the 1200 F40's was about 426K. The ones you cite at 1MM were flips to idiots. 426K in inflation adjusted dollars from 1992 is a LOT more than an F40 is worth today.

Here's the thing. You have a very nice collection of Ferrari Supercars and are a real Ferrari Supercar enthusiast. How do you feel about the fact that under the rules Michael posted you aren't eligible to buy a new Enzo? Have you been invited to see the new Enzo?
Have you received a "qualification letter"?

If I ran Ferrari and you wanted to buy a new Enzo you'd certainly be offered one.

Thanks Jim. I'd love to be able to buy one without the qualifications. But then they'd have to re-figure how many they can sell and at what price. I think they already figured that out. Seems like Porsche may not have the equation just right.

Given that, I'm OK buying second-hand when the hype dies down. Then I know what it's really worth.

[furoni]

I really think it comes down to how many cars they are building....i guess 200 won´t be a problem to sell, regardless the price....500 perhaps!! But i think Ferrari won´t make so many of them, the Enzo was very limited (i´m not sure but i think it was about 350?) so, if they keep around these numbers they should be o.k.
I think Ferrari will always have something "special" over the competition, even over a bugatti...so a special supercar edition will always be very desirable, and even with the crises there are still plenty of billionaires out there that won't mind spending money on a new toy....because at the end of the day one million more or one million less won´t make much diference to them. There is a reason why vintage Ferrari's had such a boom, and the f70 will be a collectible item.

[crinoid]

Originally Posted by Napolis

Now that some have seen the New Enzo anyone want to comment as to how it looks?



Andrew I like the interior stitching you chose.

You're such a tease...

[furoni]

Is there a date set to show the car for general public?

[nthfinity]

Originally Posted by TOOL-FAN

Its basically the list of things Ferrari wants to see from you before they will sell you a car at MSRP. There of course always exception to these lists, take for example the fact Jay Kay was able to get an Enzo at MSRP without having the proper prerequisites, Nick Mason did not have the 'qualifications' either. To get an Enzo was much simpler and cheaper, basically they required that you have one of the other super Ferraris (288GTO, F40, F50). With this car you must still own one of the super Ferraris from new and not have gotten the car second hand. There are other parameters that you can meet of course. The most amazing one that I find is if you haven't had a super Ferrari since birth you can supplement this by having purchased 9 Ferraris in 24 months. However, there are more direct and creative ways of getting a car at MSRP.

Ouch. I have a feeling some of these qualifications will be reduced after the first year of deliveries... but who knows!

[REALZEUS]

Originally Posted by Napolis

If people face reality they will but personally I think many aren't and won't.

The town in Greece that has/had more Porsche Cayannes per capita
than any other town in Greece had no one who reported for tax purposes
income over 30k euro per year.

Please do not repeat that bull from the papers! Porsche has gone official stating that this is a hoax and I can guarantee that also!

[maximilien]

univeling is for 2012 or 2013 ? i'm confused

[Amzamus]

Originally Posted by maximilien

univeling is for 2012 or 2013 ? i'm confused

The last press release says that the car will be unveiled at the end of the year. Ferrari also says that the American Market is very important for the company. Two posibilities: Paris (end of September) or L.A. (end of October). A private unveiling at Pebble Beach is possible, or even in London.

[subirg]

Originally Posted by Amzamus

The last press release says that the car will be unveiled at the end of the year. Ferrari also says that the American Market is very important for the company. Two posibilities: Paris (end of September) or L.A. (end of October). A private unveiling at Pebble Beach is possible, or even in London.

LA unveiling for Ferraris flagship supercar! Now that would be funny... If it's not Paris, where is the next major show? Geneva in the spring?

[Amzamus]

Originally Posted by subirg

LA unveiling for Ferraris flagship supercar! Now that would be funny... If it's not Paris, where is the next major show? Geneva in the spring?

They said that the unveiling will be this year, so I'm not waiting to Geneva.

[Napolis]

Originally Posted by REALZEUS

Please do not repeat that bull from the papers! Porsche has gone official stating that this is a hoax and I can guarantee that also!

Yawn.

Greek 10 year debt quoted right now at 24.4710% on my Thomson Reuters.

You want to buy some?

Polemarchakis,the former economics adviser to the prime minister of Greece, who made the remark about Porsche Cayennes may have been stretching to make a point but the reason Greek 10 years are quoted at 24.4710% is because:

"Income tax receipts as a percentage of (Greece) GDP are only 4.7%, the lowest in the eurozone and less than half the 10% in the UK.

It would be good to think this is just because Greece has rock bottom tax rates but it hasn't - this is because for some people, what they actually earn and what they put on their tax forms are often different figures.

Last year, Horst Reichenbach, head of the EU taskforce offering technical help to the Greek government, said the amount of unpaid tax was estimated to be "in the order of 60bn euros [£49.49bn]"."

Lets cut to the chase. How many new Enzo's you think Ferrari will sell in Greece?

[Bill S]

Originally Posted by Napolis

Lets cut to the chase. How many new Enzo's you think Ferrari will sell in Greece?

If someone in Greece meets the new Enzo purchase requirements, they're probably have one.

We'll just never know who they are.

[JOHNCJ8989]

Originally Posted by Napolis

Yawn.

Greek 10 year debt quoted right now at 24.4710% on my Thomson Reuters.

You want to buy some?

Polemarchakis,the former economics adviser to the prime minister of Greece, who made the remark about Porsche Cayennes may have been stretching to make a point but the reason Greek 10 years are quoted at 24.4710% is because:

"Income tax receipts as a percentage of (Greece) GDP are only 4.7%, the lowest in the eurozone and less than half the 10% in the UK.

It would be good to think this is just because Greece has rock bottom tax rates but it hasn't - this is because for some people, what they actually earn and what they put on their tax forms are often different figures.

Last year, Horst Reichenbach, head of the EU taskforce offering technical help to the Greek government, said the amount of unpaid tax was estimated to be "in the order of 60bn euros [£49.49bn]"."

Lets cut to the chase. How many new Enzo's you think Ferrari will sell in Greece?

If one is sold there I don't believe it would be wise to parade it-) If I were residing in Greece I would do my best to conceal my wealth... not from the Gov but the people! That place is a tinderbox according to a friend of mine living there.

[Napolis]

Originally Posted by JOHNCJ8989

If one is sold there I don't believe it would be wise to parade it-) If I were residing in Greece I would do my best to conceal my wealth... not from the Gov but the people! That place is a tinderbox according to a friend of mine living there.

That's what I hear as well.