F8 Coronavirus & Production

I have an F8 for June delivery but it is still 10 green so no movement ... it will obviously be late... but the dealer did send an F8 demo to me (I live 200 miles away from the dealer) I have had it two days and I really like it.... the sound at first is quiet but actually inside at over 4000rpm sounds pretty good and it is quick gets to 80 very fast and I keep it in 4th or maybe 5 gear sounds great ... Also think it handles pretty good a big improvement over what I remember about the 488... I would consider keeping this but it does not have any outside carbon fiber and I think that is important.. ... so very happy with the demo....probably put 200 miles on it so far..it goes back tomorrow sometime in the pm...
I will wait at this point maybe it will end up an early 21 and maybe the stock market will come back....

 

How do you all track your car status at the factory? I have a Pista inbound scheduled for delivery in June-August. I’m fully anticipating it to be delayed possibly into the fall with the virus impact on Italy.

 

so far I get an update once a week from the sales man if he does not email me I ask him....
I believe these cars will be late and I don't think anyone can be sure how late at this time..
due to parts availability .... I hope I am wrong...

 

Here is what I would say - hope for the best, expect the worst. Yes, there will be impacts, tough not to have them. Even if the car gets built then the question is shipping, receiving, etc. Just my two cents. My car is on a boat now, but with where the US is going with the virus I question how long it will take to get to me. Honestly, I am also questioning a bit the quality of the car. I know this may seem paranoid but I also worry about them trying to rush the car out of the door.


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Not to be the bearer of bad news, but I have confirmed that status 90 does not mean it’s on the ship. My car went 90 seven days before it was actually on the ship.

 

Same for me. I was 90 at least 4 days before the boat arrived in Italy (assuming it is on the one that just got to NY today).

 

The car is least of the concerns now. The market. The market and the frigging supermarkets! They even sold out frigging frozen chicken wings. The Russian increase of oil supply at this timing is absolutely strategic at its best to hurt us.

Fannie Mae just closed out 2 billions dollars loan last week and the bond market is absolutely volatile right now even with increasing rate. Freddie just increased the rate (contradicting the lowest 10yr yields in history!) In an attempt to slow down the borrowing, and that is a huge huge red flags!!!

This means the government itself is also getting very scared to insure these loans.

Literally my SA pursuit is placed on home indefinitely along with my children's school out.

 

Ferrari has stop manufacturing for two week starting from Monday.
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Thank you for informing me. Not a good message but grateful to you for your post. The dealer here in The Netherlands says my order is now at Red10.

 

It’s official.

https://corporate.ferrari.com/sites/ferrari15ipo/files/pr_eng_14.03.pdf

 

We just need to wish everyone to be safe and healthy... It's really bad and tough on everyone specially now in Italy

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Spain is going crazy too...300 dead yesterday I believe


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If this all blows over you’ll have a 3-6 months delay. If it gets really bad a new Ferrari is the least of your concerns.

 

My dealer is rally switched on

Had suspicion the factory would close

Massive delays on the F8 and other cars

Basically said can’t get enough 488 GTBs to sell

Might see a correction on 488 GTB trade in values for a F8

 

There could be a spike in the used market seeing how current orders will be heavily delayed and I suspect new orders will be put on hold. Interesting times ahead.

 

Yep . I know Australia is a small market but total for sale 488 GTB's has gone from 29 to 18 . My Dealer says they cant get enough 488 GTB's to sell

 

Record low rates, stimulus money and the markets rebounding could make for a spike in the supercar market especially in the used market seeing how new cars will be delayed for months plus the driving season is upon us.

 

interesting. i'd say the 488 is priced too low and the F8 too high. time will tell how it all shakes out.

 

Unsurprisingly, looks like Italy will go past the original April 3rd lockdown restriction. Maybe another month for the factory to be shut down?

 

It's not stimulus money. This money is largely unemployment benefits for the 3M people who just applied last week and the millions more who will apply over the next few weeks, and to keep businesses from defaulting on debt while they're forced to be closed. It's not stimulus, it's life support. Wealthy people won't see any benefit at all from this "stimulus". Rates were already near record low and loans aren't really getting any cheaper. You can only borrow money so cheap. An extra 50 bps on mortgage isn't going to cover the 30% drop in the SP500 of the typical supercar buyer. I'm down 7 figures and if I'm buying anything right now, it's going to be beat-down equities, not used Ferraris.

Supercar prices are going down down down IMO. Luxury items don't go up in price during a recession and potentially financial crisis.

 

So your 7 figures down you say , well it would have been better to have that Ferrari ild say. It will lose money only if you sell it.

My take , don't leave it too late. Iife is short.

 

https://www.channelnewsasia.com/news/business/ferrari-extends-italian-plant-closures-to-april-14-subject-to-supplies-12583324