MARANELLO 575 MARKET POISED FOR NEXT INCREASE IN THE MARKET

I dont think so, at least nowhere near the rates of the 550.

Reason: 3 pedals and a stick.

All future Ferraris will be flappy pedal, so people are hoarding cars that represent great value and still have stick. Thats why the 575 3-pedal has made such a crazy comeback and lets not forget the 599 stick as well.

Ow and ofcourse all of that cheap cash floating around and trying to find a place to stay.....too many investors in the car business and not enough drivers.

So looking at the above two elements, yes 575 might rise, but due to the simple fact that they dont have a stick and 3 pedals, they wont rise as fast or high.

Just my 2 cents.

Ofcourse very rare cars will be cherished like 599GTO or 575 SA, but thats because of scarcity and not above. The 575 cannot be compared to these (nor can the 550)

 

Wrong because there has already been a run up in prices on the F1 575M. Compare asking prices to those a year ago and they are up as much as 50%. Dealers who were asking X for their 575Ms have now jacked up the prices. Mine is now worth about what I paid for her when she was 4 years old nearly 8 years ago.

The 3 pedal thing is one reason for the increase in prices, but the basic fact is the Maranellos are very attractive V12 Ferraris with not many built compared to the V8s. So all of the Maranellos are seeing brisk appreciation. The 550s are older and all 3 pedal, so they are seeing the most run-up right now.

 

What Domenic is mentioning has already happened in Europe and the UK. 575 F1 prices are up 50% in the past six months. No mistake there, F1 prices.

They took off in April/May this year, a few months after 550 prices launched upwards. Low mile FHP (Fiorano Handling Pack) F1s in nice colours disappear very quickly at strong prices. It happened very quickly; one week I was smiling at how 575F1 prices hadn't moved at all even for a very nice one (£60k GBP/90k USD) and a couple of weeks later, zoom.

We know gated manuals took off before that, though not that long before. Just 10 months ago a Fchatter alerted me to a good lowish mile LHD gated 575 on sale for £100,000 GBP at an expensive dealer. It hung around for 2 months before selling. Now probably 75% more and it wouldn't hang around.

Here's an example, by no means the only one. F1 for £200k GBP = USD300k, 5k miles.

Used 2004 Ferrari 575M MARANELLO for sale in Cheshire | Pistonheads

That may be a kite, but others not that far off.

I get SpeedmasterNL's logic about paddles vs manuals, but the market is doing its own thing right now. Good 575F1s are nearly as much as good 550s. 575 manuals rapidly entering the stratosphere.

This is empirical observation, I'm not speculating right now on why it's all happening or whether it makes sense. (That requires some fine red Burgundy.)

 

Terry and I posted quasi-simultaneously there, and blind to each other's post, but both came out with the 50% stat independently..

 

Terry,
correct think, i agree 100 % with you!!!!
Maranello are wonderful V12 GT and not in more production numbers like the V8s ...

 

I agree. As a gated 575 owner, I clearly like the direction prices have gone. However, at what point is the car too valuable for me to enjoy as I have? Things I didn't worry about a year ago.

 

Gentlemen,

Isnt the question whether the 575 is poised for THE NEXT increase?

What has happened in the past, yes it has increased im not doubting that: I believe 550 and 575 were raising right around the same amount. I have been looking for 1 year for a 550 and have monitored prices for both 550 and 575 in EU.
The difference is that the 550 kept climbing and the 575 now kinda slowed down or paused.

So if the OP's question is whether the 575 will follow suit to the 550: my answer would still remain no (it will not continue to rise like the 550 has).
I agree that the prices for 575s have risen and it will probably continue to rise slightly more, but nowhere near the results of the 550 due the difference in stick vs flappy pedal.

Hope that clarifies my first statement and again....just my 2 cents.

Now off for a drive in my 550 !

 

If i understand the thinking of more people of Fchat, 550 VS 575m F1 = 550 win ...

Ok, market bring a premium for the manual transmission... with closed eyes ...
After this consideration follow Ferrari's in future will not be appetible? :

Enzo
F430 Scuderia
599 GTO
SA aperta
All this cars are buitle ONLY on F1 transmission!!!!

F12
LAFerrari
F12tdf
458
458 speciale
488
All this cars are buitle ONLY on DTC transmission!!!!

Probably 90% of people don't know how is complicated the DTC in front the F1 ...

I need to think that conclusion is that the Ferrari's after 2007 are all garbage ...?
And people that drive automatic transmission from dinosaur era now have found one stick to play are all the the most intelligent people? ...

Everyone need to do as he want ... but not to write laws ....

 

Were I to cash out on my co-owned 3 pedal 575, which if my co-owner wanted to sell I would be forced to do, I would hunt down as late as possible 575 F1 for single ownership.
Without hesitation, I spend my business life dealing in spreads and the spread between a 2002/3 3 pedal and a 2005 F1 is IMHO overdone.

 

Ditto the 550 v 575 F1 spread

 

What about the 575 stick vs 550 spread? That's over $100K

 

Terry- Yup, and you might as well throw in HGTC while you are at it. 3 pedal HGTCs are near Barchetta/Superamerica prices (never mind about the one 3 pedal HGTC SA on my list), and the F1 HGTCs are moving up, too. 550 equivalent is the WSRs.

 

Were I in the market now, I would grab any of those 575 F-1's I see at dealers for around $120K. See World Wide, Central New Jersey and Bev Hills stores. F of BH in particular has one with 19 inch modulars and the sport seats for $119K. That is a bargain! Heck the wheels/tires alone are ~$16 grand. Waiting for the 550's to come back down may not be wise. Guys, the 575 is the same car! People will come to their senses soon enough. And the best ones are not on the market anyway.

 

Hi Zedtt,

that make sense!

 

Fabio

You are in my humble opinion mixing up two things:
- Very rare cars
- F1 vs Manual

Very rare cars will be very expensive no matter the fact of F1 vs Manual.
People will want to have these for the fact that they are rare alone. Period.

Now, if you have the same level of rareness (forgive my english), then the manual will be more wanted in todays market, very simply because no future cars are going to be manual.

There are a lot of other factors involved, but you need to compare cars in the same league firstly before moving to the whole discussion of manual vs F1.
So looking at the 550 vs 575, in my own opinion the 550 will command a higher price simply because Ferrari decided not to create V12 manual Ferraris anymore.

As an example:
Aston Martin DBS. Same model; manual vs F1. Manuals command a higher price, for the exact reason that Aston is not making any manual models anymore.


All of the above is my own opinion and I can be completely wrong
Having said that: this weekend im going to check out a 456M GT 6speed.
Im going to buy as many V12 Ferrari manuals as I can afford and have time to drive lol

 

Fabio the cars you highlight are amazing cars. Many are already going up in value (look at 430 16M or Scuderia or 599 GTO prices). If they had made 50% of them as manuals and 50% as F1/DTC, the manuals would for sure be worth more. Does that make them better? Is a 250 California SWB Spider better than a 458 Spider? No but it's worth more! That's just a fact, good or bad.

Nobody said modern Ferraris are garbage. And nobody said people who like left leg declutching are intelligent. We're probably idiots for liking more legwork!

What's interesting also is that this rise in front-engined V12s from the 1990s and 2000s has happened in a year when front-engined V12s from the 1960s and 70s (thinking Daytonas) have flatlined. Also midengined if you look at BBs.

2015 is the year of the modern classic. 550s and 575s are modern classics. Added desirability - 3 pedal 575s, Fiorano Handling Pack 575s, HGTC 575s, WSR 550s, makes them even more classic.

Is a 575 manual FHP with Daytona seats more desirable than a Daytona? I think so! And it's a quarter of the price. For the moment.

 

Interesting point, on the face of it an overdone spread.
Would I sell it?
I'm not sure, as a trader/collector I think I would.
As an owner/driver not so much, but that is a matter personal taste on the aesthetics of interior/wheels/lights, an appreciation of the engine mods and a feeling/hope (admittedly based on anecdotal evidence) that through developments over the years of Maranello production, 575Ms are slightly kinder to their owners in terms of reliability.

 

I had a 900 mile mint 575 Superamerica HGTC, sold it after 3 months (2013) and so LOST a lot of money in susbequent appreciation. The gearbox (which is the best 575 F1 they made) was HORRIBLE. Lurching about, slow and kangarooing. What nobody focuses on is that F1 was a horrid and short term technology. That will affect long term prices. Sorry I know this will offend many.

 

The 575 F1 should probably be driven in manual mode. The un-smooth shift is not a defect.

 

Correct.
Auto mode was a last minute addition to make your wife or Grandma happy, knowing they can also move the car from point A to point B.
Works fine in manual mode, I could never understand the "problem" people had with F1.
Drive it the way it is supposed to be driven and don't be your Grandma insisting on "Auto" (no offense to your Grandma).

 

I am aware not to use Auto except around town (but thanks - I will tell my grandma), it's still a very very rudimentary system and not at all smooth. Even if you try to equalise the revs and operate manually the car pitches and it did get better by 599 GTO was quite cool and AGGRESSIVE. Hence why Ferrari (and others) moved on ASAP to the spectacular dual clutch system.

Each to their own. My only on observation is re values - won't be a classic SYSTEM. Was just pushed super hard by sales people at a time when Ferrari won F1 every year. Now reality has dawned you see manual prices going through the roof.

US a different market - with some exceptions for enthusiasts (many of whom are of course on here) US citizens are scared of manual boxes. Another reason no doubt that Ferrari pushed them so hard there.

 

Speedmaster, Darius,
sorry, surely you have reason and i'm in wrong ...

For me people are crazy ..... most know anything of car technics but however want to teach....

But for sure i not understand .....

Best Regards at all .....

Fabio

 

The single clutch F1 was in fact state of the art at the time. There were no mass market dual-clutch gearboxes in 2002-2005. Also remember that as time goes by, collectors (and prices) will be influenced not by the desire for modern technology but by the longing for the old, and what we might consider 'inefficient' systems; think carburetors vs electronic fuel injection. That's the way the ecosystem works. Many of today's top collectibles are not at all comfortable or easy to drive. They are like your children...you love them all. I do.

 

Great post