first gts for sale in the UK: https://www.tomhartley.com/used-car-details/used-ferrari-296-gts-convertible-rosso-imola-f1-dct-petrol/id-6836/ must be close to list
A bit slow,? How about a year for US production --- 2023 deliveries have turned into 2024. My car is at least 18 months behind.
I haven't heard it that clearly... but I believe it for sure... the dealers have to tapdance because it seems like they often don't really know the exact time tables.
There is also https://www.tomhartley.com/used-car-details/used-ferrari-296-gts-convertible-rosso-corsa-f1-dct-petrol/id-7155/
Comparing values in different countries is a exercise in futility. Imagine if a 296 GTS owner in the UK was pricing his car based on the US market....or a country where the taxes are massive. That said, older cars (I follow Porsches, Ferraris etc) do have the same price everywhere.
1. I would humbly disagree. Is comparing between France and Spain futile? I would posit that it is futile -only- if one of the countries has massively different taxes as you mention later in your comment. IMHO many countries can, in fact, be compared without this distortion. Furthermore, in this case the UK (20% VAT) has higher taxes than the US (2.5% import duty + 0-9% sales tax, varies by state). So based on this point alone, the UK should have -higher- prices, other things being equal. 2. I never said that a UK owner should price his car based on the US market, this has nothing to do with my comment. Obviously, you price your car based on the market you are selling it in. 3. Older cars do not have the same price everywhere. Look up 550 Maranello or F12 prices in UK, compared to USA. Have you seen all the Euro F355 that have been imported to the USA over the past 2 years? This would only happen if a person can make money doing it (prices are higher in USA). As omercan mentioned, this is likely due to UK being oversupplied with 296 relative to demand there. Now there could be other factors as well. European and UK delivery of 296 has preceded USA delivery, so perhaps prices in USA will collapse as more deliveries occur. Also, the UK is a right hand drive market, so it is harder to reallocate supply if it is misjudged, and those excess cars get trapped in the country because no one else wants them. Also, European products are generally cheaper in Europe than in USA, so that is probably a factor (but with Brexit I don’t know how this effect is working). All that being said. ~$390k for a 296 GTS when the median price in USA is $500k for a 296 GTB seems like quite a big gap, hence my observation.
My perspective was US, yours is EU. We are both right. As far as old cars go....I am searching for a 73 RS, 70 911S and a 1950s Porsche 547 4 cam motor for a Porsche 550. Price of a 73 RS is the same globally. Art is the same way.
I think it's just oversupply as well as a general disinterest in the car here in the UK vs other countries, I know several people with f8's who test drove the 296 and felt it just wasn't worth the upgrade to them
It's not disinterest. I use two different dealers and both had sold out their full allocations of GTB and GTS and one had even sold out some extra allocation it was given. It's a combination of factors at work. The GTS models are now arriving and owners of early GTB's are trading their cars back in for the spider thereby creating the usual early number of cars on the market. The economy is not in great shape and high interest rates have significantly increased the monthly repayment figures for buyers using finance which has caused a large number of cancelled new orders for cars already built or in build. The high finance rates have dampened down the demand that normally would have been there for the used cars as they have suddenly become much more expensive toys as a result. Add in the not insignificant price increase over the F8 models and you have a difficult market. It's also now out of season and the market won't really get going again until the spring. Most owners of 488's and F8's who would likely have made the trade to a 296 are sitting on what they have and waiting to see how things play out. Porsche are in a much worse position here with a very substantial, and growing, inventory of unsold 911's and Taycans.
You all are also missing a large group of buyers that are no longer going to the UK… Russian Oligarchs.
I think it is more likely a combination of factors: – the "used" market in the UK is nowhere near as strong as it has been in recent years in the USA. – higher interest rates so those that want/need to finance are now shying away – speculators are shying away from early delivery "standard" series cars – a large number of GTS orders being from GTB owners part exchanging and thus the GTB market has weakened – weaker GTB pricing means those considering a GTS are opting for a much cheaper GTB – and winter is on its way, traditionally a weaker price period in the UK I have often noted "used" USA pricing for Ferrari, with it lower taxes, and wondered how the cars there manage to sell at such high premiums. Then I look at the Australian and Singaporean markets and feel faint at the amount of tax their governments impose and how they must think those premiums are a bargin compared to what they are paying retail.
In Aust for instance you pay a 25% luxury car tax on anything over $80k . Then at the final price you are hit with a further 10% GST. You then have to consider the exchange rate the AUD is currently around 65c USD. All in all that ends up meaning a GTB with say carbon , forged wheels, a lifter and perhaps a couple more minor 'extras , in a launch colour will cost around 800k AUD a GTS , add another 100k !
This makes sense to me. I think they are factors in the US market as well, because it is softening if you look at other models like 812 SF/GTS, Pista, etc, but not as much as UK (yet). I think Ferrari also over-allocates to UK market. Even looking at older and cheaper Ferraris, you see much lower prices than in USA.
Supposedly SF90/296/Roma generation and newer no longer have sticky button issue (probably because they got rid of all the buttons, lol). So this should be fixed in the app in a decade or two.
Regarding the sticky buttons, it is a 2000's issue that many luxury and premium manufacturers encountered, because they wanted to infuse a soft feel to their buttons. Thus they rubberised them. They feel nice at first but then the rubber polymerises and becomes gooey. That's why a cheap, 20 year old, Ford doesn't have such issues, as the buttons were made of hard plastic.
