I have no idea where you got that info from , they are still taking orders , 2024 production is not finalised until November
In the US the there are no more available orders. As others have stated, they are all sold. If you want a 296, preowned is the way to go. It seems the new policy/ process with Ferrari is that if you want to have an order for the next Ferrari in the 296 family you need to have your current 296 in your garage. In other words, no more holding for 6 months, selling and then waiting for the new one to be delivered. That will result in fewer used 296s for sale as many will have started with a GTB and are moving to a GTS etc....and it also is believed that if you want the 296 VS you have to have a 296 GTB in your garage....same goes if you want the 296 VS Aperta version. Bottom line is that many owners won't be selling their cars any time soon. For the record, I was told this from 2 dealers.
Thanks guys. I was suspicious that they would go for 'lesser of' - seems to me it if I trade it back towards the GTS it should include the tax, docs, tags, etc. amounts, I don't want to burn $30k+ in sales taxes and $5k in registration and not get that back while they mark it up +$100k. But I suppose that will be negotiable if/when the GTS lands, which I suspect at this rate won't be within a year of the GTB anyway.
Typically the newer car always depreciate more - first, it's more expensive, so even with the same percentage there's more money to loose ; second, all cars have a bottom minimal value : at some point they slowly tend to reach this point, while newer cars still have a lot to loose before approaching it.
I actually think GTS is going to be very strong in the short term, like 360 Spiders were 2001-2005 (going +50-100% over). Especially since they’re sold out before deliveries even start. Lay people have basically no idea about the 296 yet - I show non-car guy friends my spec and they don’t know what it is, even 2+ years after the online reveal, a year after reviews and cars being delivered now. While I still love the 458, I am skeptical the current hype over them will last and I expect non-Speciale models to start descending again.
Yea I mean there is something to be said for the "last naturally aspirated V8".... but yes agree the Speciale But I think long term as the entire super car market goes 100% electric..... the most coveted "classic" sport cars will be the ones with gated shifted and a loud exhaust.... the whole generation of the hybrid stuff will sort of get lost in the middle. Things like what Singer is doing now with the 964 Porsche's...... I can imagine resto-mods like that on cars like gated 355's, Testarossa's, VT Diablo's, etc.
Order books for the 296, and some other Ferraris, have been "closed" as many dealers were whoring deposits left and right from customers for allocations the dealer simply did not have. There's a massive difference between placing a deposit, and actually having an allocation. Dealer builds a case for all the "customers" it has to bolden their allocations from Ferrari, which can go to customers with high MSRP builds, favorable trades, or mule/flip customers. Earlier in this thread there's a link to many mule cars with next to no miles on them (<300 miles on the odometer). This in effect tarnishes the customer experience, no way to tame it other than to "close" the order books. Patience is a virtue.
I am so glad not to live in the US, the largest single market with so many people buying cars on finance has pushed the LHD market to the limit in terms of orders . So glad to live in a smaller RHD market and to have a dealer that does not muck around
In Europe books have been closed for the 296 long ago. Perhaps some had cancelled their orders and now there are some slots available ?
In the UK at least there are plenty of brand new 296GTbs and GTS' unregistered available. In July whilst at my Ferrari dealer I was offered a selection of GTBs and a GTS all unregistered with full ppf at list price. Are they customer cancellations or dealer new stock I wonder ?
They have not - it's a case of temporary closing the tap to avoid to accumulate backlog; dealers have also probably been instructed to limit their orders before they get allocations (allocations are delivered progressively by Ferrari AFAIK, no way they already assigned the allocations for the next two years - typically, dealers were accepting orders long before they received allocations, but it might have been decided to limit that to some extent).
Just a few months ago, my dealer still accepted deposits. And it's always been the case that Ferrari does not give all allocations years in advance - so that actually there is no way for a dealer to know exactly how many allocations he will receive: he can just make a guess, and accept a number of deposits approximately corresponding. For limited edition cars, the dealer has (in theory) a better idea of the total number of allocations he will get, so he can accept a matching number of orders from the start. For a regular model that will be produced 3 more years, nobody knows how many cars will be available in total - so at a certain point of backlog, dealers stop taking orders. But as the situation evolves (backlog reducing from deliveries, and clearer view of future allocations available) they can re-open the books. In the mean time, claiming the opposite allows to sell over MSRP the demo cars and the cars of the best customers who got early deliveries. I remember when the 488 was announced, in Australia it was claimed all expected 4-year production allocated to the country had been sold out in a few months - however it's pretty sure some customers were actually able to order 488 in Australia after 2016.
good to know that in some countries there is none of that buyer-to-dealer flip process going on. it is basically a private brokerage relationship where the Ferrari dealer basically becomes broker and the buyer becomes the dealer who uses the broker to reach out to resale buyers. enzo was a business man- i personally don't like that idea- but i am also not a business man- but maybe he would have.
This makes sense. Why would Ferrari let houndreds of potential customers test the 296 (Passione Ferrari at Spa-Francorchamps last weekend) only to say, sorry, you cannot order the car anymore. Furthermore, as there is no replacement for the 296 yet, there would be a drop in orders and run-a-way from customers in the next 2 years. So my dealer told me bullsh** as usual.
