Market Prices 575 Manual vs 575 F1 (conversion costs) vs 550?

One difference is Aston Martin struggles to make money selling new cars so they’re more incentivized to turn to the back catalogue. Agree that Ferrari definitely could and should do more of this as well

 

They do indeed, but now they are a public company their existing model of ramping production and pumping out ever more frequent fettled models on which customers are expected to take a six figure sum hit in a year can only last so long. It's already reached saturation point IMO.

They have a huge and valuable back catalogue of cars that they are losing revenue on to specialists. It would make a lot of financial sense to cater for these owners/customers.

 

Exactly that. Can you imagine how much these parts would cost though.

 

If you have to ask...

 

I’m the purchaser of the 2005 575 Superamerica sold on BaT on 3/4. I received the car yesterday. I thought I would add to this thread what I currently know of the car.

It’s condition is far better than the BaT auction discussion made me fear. Both the exterior and interior present well. Th car drives and shifts very well. All items appear to work properly including the top. Sticky buttons are limited to glove box and driver side door lift handle. The major issue is the cracked top glass (which is a much smaller area than photos in sale ad made it appear).

The documentation included with the car shows consistent service (Maserati/Ferrari of Long Island) until about 4 years (2017) and 3,000 miles ago. There is also supporting documentation that shows the car evidently listed for sale by Marshall Goldman in early 2018 with service performed shortly before. Next the car was listed for sale at Bonhams Monterey in August 2018 with another service performed. Sometime in 2018 the car received Classiche Certification from Ferrari (probably for one of the sales). The Carfax report appears to support this chronology.

Finally, Ferrari of LA did an inspection in August of 2020 for the BaT seller. The inspection report shows the need for: timing belt service (last performed 2014), an annual service (last done 2016), repair of a small leak of the power steering high pressure hose and an oil line gasket replacement for a small leak at the sump. Also noted was the non-functioning top (struts) and damaged glass (that was cracked when it fell back due to the strut failure). The brakes, tires and clutch (40% wear) were fine according to the report. The top struts, among other items, were replaced by Ferrari of LA after the inspection.

So all in all, the car seems to have been serviced and maintained for most of its life. The only missing timeframe is August 2018 to August of 2020 (1250 miles). The last major information on the car prior to my acquisition via BaT was the sale info from the 2018 Bonhams’ auction. https://www.bonhams.com/auctions/24811/lot/23/

So......now I need to select a shop in the Phoenix area to perform the required services as well as determine if other items need to be addressed. Fingers crossed.

PS. It’s really a shame the glass top was cracked when the struts failed. But I guess that makes it easy to use this car as the fun GT it was built to be


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A factory Maranello update programme would be a wonderful thing. In the spirit of Ian Callum's Vanquish.
But hey, resources are needed for an SUV and plug in toaster programme.

 

Precisely! JayEmm on his YT channel has been saying how reasonable his main dealer has been with pricing on parts and work for his 550. Here in the States I think it's something of a mixed bag in terms of how good/reasonable dealers are to work with on servicing out-of-warranty cars, but clearly there is a huge opportunity here for Ferrari that they seem to be ignoring.

Porsche and MB both have "classic" restoration programs that I'm sure are quite profitable (albeit on a very small scale relative to their overall financials). They're even reproducing certain parts for their classic models. Let's hope Ferrari sees the light. I have to think they're at least aware of the potential, anyway.

 

Interestedly the seller didn’t post any of the documentation except the strut repair. All the past invoices and the inspection from Ferrari of LA were given to me after the auction. I don’t know why all of them were posted.

The car itself is in great shape. We could find only one small chip on the hood. The interior is immaculate with only two sticky parts at this point. And the dark blue seats actually fit the car well. I really like the interior.

It will soon go in for service and then we’ll know “the rest of the story”.

In the meantime......maybe explore a manual 6 speed?


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Thank you. I am excited. I really enjoyed the top down driving today!

I’m sure that “just right” one for you is waiting for your discovery.


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Not sure why pic 194 is there. See pic #198 and after for the correct paperwork. And the book with the Marshall Goldman flyer in front has all the documentation (pic #195).


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Just have Safelite fill it.

 

I can tell you that, in addition to Bonhams and BaT it was listed for sale at Exotic Motors Midwest in January 2018 (12620 miles, asking $349900; at Ferrari of Palm Beach January to March 2018 (12648 miles, asking $399995); at Marshall Goldman February to March 2019 (12901 miles, asking $379000); at Atlantis Motor Group July to September 2020 (13000 miles, asking $345000 then $319000); then with Adam Nagoshiner September 2020 to February 2021 (13000 miles, asking $259000 then $239995).

 

I imagine it was on consignment but I would only be guessing. I think the Carfax will show if it genuinely changed hands. Certainly looks like a good buy in the end to me.

 

I agree it would be great to have more support for older cars from Ferrari. But I don’t think it will happen. Porsche and MBs programs are done as a brand halo rather than a profit centre. Ferrari are totally focussed on shareholder value, and that means devoting all resources to that boat. Porsche still have a little autonomy within VAG, and the classic bit of MB is so small compared to Daimler that for the last few years it has been able to do its own thing (I have had the good fortune to see their Holy Halls, and my golly, they are astonishing. The world’s greatest car collection that nobody is allowed to see, in anonymous warehouses, nose to tail, the history of the early 20th century.)

Sadly I don’t see that happening with Ferrari.

 

I confess that I don't really understand this. Ferrari have Classiche (for all its faults) and they do remanufacture parts although the issue they will always have is that there are relatively small numbers of Ferraris compared with Porsches or Mercedes and it makes no sense for them to have a warehouse full of parts that won't be needed for 15 years.

 

That’s true. I’m no expert on Ferrari support for their classic cars tbh Maybe they are just as good as the others. But Porsche and MB celebrate their classics in an active way where Ferrari don’t. There are no classic Ferraris on the Ferrari media fleet for example, not even a cheap 400 or 348. But it’s true they are much smaller than MB or BMW or Porsche as a company.

 

The older Ferraris that Ferrari own tend to be on display in the museums in Maranello or Modena or at the Factory. But it is well known that Enzo tended to look only forward and they never kept any of the older cars as they went along - and it is worth remembering that for many years Ferrari wasn't making sufficient money or numbers of cars to keep a few lying about for posterity. Subsequently they've got priced out of their own market!

Off the top of my head, the oldest car that I can think of that Ferrari have continuously owned is Villeneuve's 1981 Monaco GP winner. I don't know if they kept it because it was their first turbo winner or for some other reason.

 

Wow. I had no idea about all these additional sale attempts. Thanks for the info.


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More proof @harleys3 got a sweet deal. If a driver class F355 with low oil pressure is bringing $130k bids with 5 days to go no Maranello should be selling for less than $150k.

https://bringatrailer.com/listing/1996-ferrari-f355-gts-2/

 

haha yes true about the classics, but Ferrari could afford to buy a Mondial and a 348 and a 412 for example. They could buy one of each of those for the price of the options on one of their media cars in their fleet at North Europe. It’s not a poor company. But it’s more that the likes of Mercedes and Porsche are the exceptions. Bentley don’t give their classic owners much support, nor RR, nor Lamborghini. Ferrari are definitely about looking forward, and about making money in whatever way. Which is fine with me also, they are a business.