That car is worth $242K as long as it comes with $62K cash in the glove box.
This isn't a 458. This is a Speciale Spider, which have been known to reach the 700 plus mark as of about a year ago. Have to compare apples to apples.
Numbered editions are an exception, that's for certain, it is a rare day that a 458SA trades for under 500K...
Well I just paid almost 200 for a very nice 8k mile example. Having a 991.2 turbo...I now "get it". There is an amazing x factor about driving one of these.
Ferrari is on track to replace all their V8s with twin turbo V6s across the board. NA V8 Ferraris including the 458 will become unicorns eventually and prices will continue to elevate IMHO. Having said that they still are mass produced so I'm not sure the ceiling will be as high as some have projected here. Time will tell.
Mileage considerations seem to be less concerning to buyers. Prices more based on year and condition and specs. The over 10,000 mile mental block may be on the way out?
I've never understood this. Cars with practically no miles have been sitting and likely to have more problems if they are driven.
So I am interested in what everyone thinks of this: So COVID causes less car demand and the pandemic effects both the work force as well as the supply chain and less new cars are made. Less new product increases new car prices which leads to people looking at and buying used cars, which then increase the price of used cars due to supply and demand. Does this logic still work for Ferrari owners? Did COVID slow production so much that Maranello can’t meet demand and people are looking at used market? Or is it because the Ferraristi aren’t buying the new product and this has led more to buy used models, creating increases in price due to supply and demand? Very interested in what others feel is going on here. Sent from my iPhone using FerrariChat.com mobile app
I think it is listed as Iroko, but it looks lighter to me based on some of the internet representations I have seen.
I don’t think Ferrari’s output in 2021 is vastly different than what had been planned (please correct me if I’m wrong). I personally think the strength in the used exotics market being driven more by a ‘rude awakening’ among petrolheads that the next models will be heavier, quieter and less engaging to drive. Basically the opposite of what many enthusiasts buy these cars for. As I mentioned in an earlier post, the main competition for the exotic car makers won’t be each other, but rather the back catalog of desirable cars already in the market.
Also, Chris Harris said this in concluding his review of the M5 CS. Spot on. “If you can, you should while you still can.”
You said everyone. I guess that includes me. Yes, and the car companies canceled their supply orders including semiconductors (microprocessors). This is coming back to bite them. Yes, then the car companies try to ramp production back up, but they have a problem. When they canceled their semiconductor orders, the computer industry quickly absorbed that capacity because of their increased demand due to everyone working and schooling from home. The world semiconductor fabrication capacity is a nearly fixed resource because it takes billions of dollars and many years to build a new fab facility. so the semiconductor companies tell the car companies to call back next year. This makes a big supply squeeze on new cars. This creates a big demand for used cars. Inventory drys up and prices go through the roof. Yes, I think that it is a trickle up thing. Price of a used Toyota goes up, Price of a used BMW goes up. Price of a Maserati, goes up. Price of a Ferrari goes up. Check out the used Ferrari inventory right now. I think that this is a factor. Ferrari is probably having the same semiconductor as the rest of the industry too. I don't think this is significant yet. The current Ferrari line is Ferrari enough still I think. The 812 is still a Ferrari, the F8, although turbocharged is still a Ferrari. I drove a Roma, and even though it is not my style, I was shocked at how much I liked it. I think it is still a Ferrari. I can't see ever being interested in a V-6 though. Maybe if they call it a Dino, and it is really really good.
Very interesting and well made points. Always great conversations on this forum. Sent from my iPhone using FerrariChat.com mobile app
Part of the Ferrari allocation and build process is to patiently wait. This is part of the culture of the exclusivity of the brand. So I agree with the above opinions that this is not impatience on the part of buyers leading to frustration and snatching up used product. I think this could be a possible trend toward looking back at older models and maybe enjoying the raw feel of the pre-turbo days with less refinement. Or whatever the reason, hybrid haters and those that can’t stomach an SUV. Idk. Sent from my iPhone using FerrariChat.com mobile app
A bit of extreme enthusiasm. The 458 is a wonderful car and better in most ways than any of the V8 mids made after. But a production level car made in such quantities will not see 600k in your lifetime.
More demand for exotics (new and used). Why? For the past year, people in the 1% (i.e., Ferrari buyers and other luxury goods consumers) have had no where to spend their money -- no vacation, not fine dining, no concerts, no nothing. So once you've bought all the Dogecoin and NTFs you can stomach, you start looking at other discretionary goods, bigger houses, luxury yachts, high end timepieces, and of course our favorite ... cars.
this, it's just a different experience now and power has reached levels where there is no actual point on the roads of having more. someone I know (who has an astonishing collection) recently drove the SF90 and described it as '****'.