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Hagerty sez LaFerrari drops 22%

Discussion in '288GTO/F40/F50/Enzo/LaFerrari' started by Texas Forever, Dec 16, 2019.

  1. RonH

    RonH Formula Junior
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    For some that is true for some, unfortunately not all. My kids are much more into Tesla, tech stuff and self driving features. My daughter’s boyfriend went out to dinner the other night with us and was so proud of the fact that he had his Tesla self drive to him from the parking lot while I was having the valet bring up my car.

    I personally hate the interior and exterior looks of a Tesla and have no interest in a car that drives itself. They feel the same about my V12s and V8s. I can see the day when a muscle car with a transplanted electric engine will be the hot commodity (but I will still be driving my 383 with its lopey cam and loud exhaust and have a big smile on my face).
     
  2. ross

    ross Three Time F1 World Champ
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    i went to visit my old friend Carugati in Geneva last week, and he had 2 sitting there for sale. he told me he would have to go below 2.5 mil to get a bid, but the owners didnt want to yet.

    but he also said all big cars have dropped about 30%. 275gtb that was $2-2.5 mil, now he said he can probably get 1.5-1.65 for the same car.
     
  3. Cgk360

    Cgk360 Formula Junior
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    agreed. Ferrari is pushing so much new product it risks losing it's exclusive pricing power.
     
  4. joe sackey

    joe sackey Four Time F1 World Champ
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    I fear your calculation may be flawed because at the current rate of depreciation, you'll only have to wait 5 more years and they'll be giving them away, which is even better news.
     
  5. RedRacer

    RedRacer Formula Junior
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    I would be happy to pick up a second LAF if there is a give away offer. Or a major discount like 50% off is fine too.
     
  6. Therry

    Therry Karting

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    in the future Enzo will be worth more than Laferrari
     
  7. willcrook

    willcrook Formula 3

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    in my eyes the LA Ferrari just isn't that special compared to previous special ferraris.
     
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  8. rmolke85

    rmolke85 Formula Junior
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    I fear all of these early hybrid things are too complicated and the tech is already out dated.

    Obviously car culture is in HEADY spot if every car manufacturer is pushing and selling out of $1m plus new cars. The new demand for cool cars went to new stuff. For the foreseeable future I think pre hybrid supercars will be the place to be. Super fast with a vintage feel and relatively easy to work on. The 275s and stuff is just not fast enough for the younger people and it doesnt capture their imaginations enough.
     
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  9. Eilig

    Eilig F1 Rookie
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    $200k+ replacement cost for hybrid battery could most certainly be off-putting to some.
     
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  10. amenasce

    amenasce Two Time F1 World Champ
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    Let's not forget this is typical for the latest Ferrari supercar in their market lifecycle. They usually shoot up. Then starts to fall back only to plateau, but still above MSRP.

    Enzos did the same. They started at $600k and shot up to $1m+ in Europe then started to fall back under $1m then back up to where they are now. The LaFerrari is now in that spot where it's not the latest and greatest in perf or exclusivity so that docks some points off its desirability. So the question is - will it attract collectors in 3-5 years who want to own it as part of their permanent collection?
     
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  11. Eilig

    Eilig F1 Rookie
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    ... and/or will said collectors still be actively engaged in collecting at that time?
     
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  12. ross

    ross Three Time F1 World Champ
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    its in a lull.
    when interest comes back, most of them will need new battery packs....will they be available? at what price?

    ferrari, and arguably the others, are making these hyper halo cars to service a particular market of collectors who never really drive them, or dont drive them in a way to push or take advantage of their prodigious capabilities.

    this is not a new phenomenon - probably started with the enzo, where nobody ever took it racing. and it is certainly the case with the Laf - nobody is ever going to campaign that car.

    the younger crowd that wants incredible performance, and may even drive them on a track, will likely seek out the pista/ speciale to fit that bill.
     
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  13. Therry

    Therry Karting

    May 26, 2010
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    exactly, Enzo and F40 are legendary cars
     
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  14. REALZEUS

    REALZEUS F1 Veteran

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    Something from the stone age compared to a LaFerrari.
     
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  15. Texas Forever

    Texas Forever Four Time F1 World Champ
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    Stone Age is good. Yabba-Dabba Do!
     
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  16. geno berns

    geno berns F1 Rookie
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    They were is the $1.6-1.7MM new so not double at the $2.2
     
  17. Townshend

    Townshend F1 Veteran
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    Replacement car is due in 2 years as well.
     
  18. REALZEUS

    REALZEUS F1 Veteran

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    More like 4 years.
     
  19. FerrariF50lover

    FerrariF50lover Formula 3

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    The market has spoken. Record results for F40's and F50's show that serious collectors are over the Laferrari.
     
  20. REALZEUS

    REALZEUS F1 Veteran

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    The market... LOL!!!
     
  21. FerrariF50lover

    FerrariF50lover Formula 3

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    I mean judged on numbers alone you can see what one is more desirable.
     
  22. REALZEUS

    REALZEUS F1 Veteran

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    A piece of junk, by modern engineering standards, like the 250 GTO, is even more desirable. The "market" is just a laughable concept when it comes to judging things.
     
  23. joe sackey

    joe sackey Four Time F1 World Champ
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    You don't have to agree with it but the market is the market, and it defines value, which speaks to what's desirable.
     
  24. REALZEUS

    REALZEUS F1 Veteran

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    Which has nothing to do with the object's merits. I am sure you are aware that there are clients who do money laundering by buying classic cars and paintings. In the late 1960s a GTO was going for less than $10,000, as it was considered an obsolete race car... Which is what it is, in all honesty!
     
  25. joe sackey

    joe sackey Four Time F1 World Champ
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    Regardless, the market is the market, and it defines value.
     

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