Enzo prices after it was launched vs now, LF trend the same?

If I remember correctly, the Enzo stickered around $680ish and I thought i heard that they were immediately selling for $1.2M.

I can't comment on if it is a good investment. I have no expertise in that area.

 

the two LaF that I know are available in Europe are all above 2 million EURO

 

There's a few changed hands in Europe and serious brokers have accommodated serious buyers

I'm guessing the US market won't really happen til deliveries start in the fall

 

Have been offered LaF at prices up to €2.4M.

It is not a problem at all locating cars, it's just a matter of money.

By the way, posting that you are looking for a LaF publicly will attract a lot of middlemen who will try to fish you for business. Be aware. Try to only speak with people who are directly authorized to sell the car and can prove it. Several FChat users (including me) have been contacted by people claiming to have LaF available, but in reality all they want to do is get the details of someone with a healthy bank account they can push cars onto.

If you don't have any contacts whatsoever who can find a car for you, I suggest you contact a brokerage. There are a few users here who could perhaps put you in contact with a few genuine purchasing opportunities, depending on your location. They will probably see this thread themselves, so I will leave their names out for discretional reasons until they decide if they can help or not.

It's hard to say how much of an investment purchasing a car at 100% of it's list price is so early in the production process. They will make roughly 500 of them, so to expect further appreciation immediately might be hoping for too much. It all depends on the market a few years down the road. Personally I think the fact that cars are getting sold at nearly double the list price indicates that there is a demand but that there is also some desperation. A few guys wanting cars right away, being a bit hot-headed. Once things settle down it might be a different story.

 

Doubt anyone will offer you a car at a "price you cannot refuse" for at least a few years. LdM said recently that they've so far delivered 40 cars. Less than 1/10th of the production run. Waiting is definitely a wise choice, although I doubt you will be able to get an example for less than €2M.

Talk to your contacts, see if they can come up with anything.

 

When the Enzo first hit US shores, secondary owners were only too happy to pay twice the sticker price; so Enzos first sold for $1.2-1.4MM and higher. There was even a rumor of one person paying $2MM, though I have no real proof. Then, after all of the US Enzos made it to the US, the prices settled down a bit. Depending on condition, mileage, history, and, of course, color, an Enzo could be had for anywhere between $1.1MM to $1.35-1.4MM.

The Enzo Tefloned through the financial crisis, and even began increasing in value a few years ago. Then, Enzo availability plummeted, subsequently driving up asking prices. When the LaFerrari was announced, it was almost impossible to find an Enzo - and when you did, it was at a healthy premium! Then the LaFerrari debuted and Enzos were at an all-time high. Though availability was scarce, the average asking price was a few hundred thousand dollars higher. Now $2MM asking prices seem more the rule than the exception; and another one will soon hit the market for $2.2MM.

I imagine the Enzo fluctuation we saw over the last decade will be mirrored in the LaFerrari market. Although something tells me that the Enzo will hold a higher value, longer.

 

I beg to differ on a few comments based on actual trading of the cars myself:

After all the US Enzos made it to the US, they could be had for a lot less than you indicate. Several current owners picked up nice low-mileage examples for around $800,000.

When La Ferrari was announced, I didn't see any change in Enzo availability, in fact I have sold more Enzos in this period, than prior to LF's announcement.

 

wait and see, there will be a major market correction

 

Keep us posted of its ETA. Thanks.

 

don't need to keep you posted, you are quite a smart person as far as I can gather, just look back in history

but I guess your business will go down considerably if that happens keep us posted of its ETA

 

I'm not sure $2m is the norm for Enzo asking price (black cars excepted.).

 

Have to agree with Andrew. Apart from the black one at CNC, most asking prices on non-black Enzos seem to be in the $1.4-1.5M range.

 

I'm happy either way.

 

It is now.

 

Perhaps in Europe, but not in the USA.

 

Really? Even for the run of the mill red cars?

 

Correct.

Of course assuming low-mileage, pristine condition, no stories etc.

 

Impressive. Have you placed Enzos (and other supercars) in booming markets such as China/Russia/middle east?

 

Are those booming markets?

China & the Middle East.

 

I think it will be high at first and go down a little bit under MSRP after all have been built.

 

Fiat financial releases have 20 delivered in 2013, and 28 delivered in Q1 2014 (the latter released today), so 48+ running around.

 

I find it very difficult to believe that nice, story-free, low-mileage US Enzos ever sold for under seven figures. Even the Eddie Griffin Enzo hammered at $755K - I can't imagine any accident-free Enzos with low miles selling for a mere $50K more.

I would like to see some real world numbers for these statements. US Enzos haven't exactly been up for grabs in the last 12-18 months. A few have been on the market, but that's it - just a few.

Can you reference any Enzos for sale in the last year or so? Honestly, I can't recall any US Enzos for sale recently that were in that price range. Availability in Europe is different than availability in the states.

That is exactly how many LaF serial numbers I have, to date.