Ferrari Mailing List: Re: Scuderia stripes $8500

[Britt2Asa (Britt2Asa]

I believe that the last of the "boom" is really over. Here in the Midlands  
the local Ferrari dealer was bought out by Nick Whale in August '08. This past  
week Nick sold the Ferrari dealer, his BMW dealers and Porsche dealerships to 
 Penske who runs a number of Ferrari dealers in the UK.
 
Reason? The Ferrari dealer hasn't sold ONE car since August. Not one!  
Supposedly it has lost him millions of pounds. The dealers service departments  
are 
empty. Greypaul (The biggest UK Ferrari dealer and also owned by Penske) has  
been ringing FOC members asking if they want to bring there car in for a  
service. They are offering "deals" because the service bays are empty.   This 
is 
being reported across many dealers. No service work being carried out,  no cars 
being sold.....
 
Its ugly and getting worse. The UK is one of the 4 largest markets for  
Ferrari (may be the third actually), behind the USA and Germany.
 
Regards
 
BR

I don't  have much authority to chime in on this thread, but I've have it on
good  authority that in a limited production car like the Scuderia, having
the  "livery" is essential to resale value.  As ever, don't buy the car  for
the next guy and if you plan on driving it forever, let it be what you  want
it to be.  Me, if I'm silly enough to dive in, resale value is  very
important -- and its the very public collapse of the Ferrari resale  market
that's given me cold feet.

I had been tyring to jump through  hoops with the local Ferrari dealer to get
a Scuderia.  Then they  announced the Spider version (I'd still rather the
coupe) and the resale  market fell apart, the Alfa introduction was a flop
and Maserati resale  values are only getting worse.  I question the business
acumen of the  current Ferrari management -- following on the 360
overproduction with  producing too many F430's just seems to exhibit a
learning  disability.  I think 2008 will go into the textbooks as the year
that  suspended disbelief, denial and "too good to be true" will finally  make
their way into the education of children along with concepts like  compound
interest on investments and interest on debt as well as  recognizing the
weakness in their own fear and greed.  Here's hoping!  : )

All that said, when I found out the stripes were "extra" (even  though
they're the visual signature of the car) I took the $8500 to be a  challenge
to see just out far out of touch I am with reality.  Still,  I would rather
put the extra $8500 into the car with the assurance it would  be returned in
a quick resale at the upper end of the resale  valuations.

Personally, I don't mind Panaerai, but I don't like  wristwatches with
branding.  It reminds me of that guy whose  unfortunate photograph showing
him in ferrari shirt, shorts, hat and shoes  in the paddock looking just a
little bit too silly for  words.
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BR in the  UK
1986 328GTS (LHD 89,940km) Died August 19, 2006 Shrewsbury UK
1980 400i  (RHD 74,000 miles)
Searching for the right 512TR
2003 BMW 530d
1991  Alfa Spider S4 LHD
1993 Alfa Spider S4 LHD