Ferrari Mailing List: Re: Need group wisdom on pricing for 2007 F430

[Jim Conforti (lndshrk]

Gary, what does this say to you?

You all have more experience here than I.

To me it seems that the buyers are saying "the Market is X" and the sellers are
doggedly saying "the Market is X + N".  Ergo no sales.

I can't imagine EVERYONE on Ebay is a low-balling SOB ;)

The Market could be X + (N/10) but it is not X + N

Sounds to me like the sellers got into these cars "pre financial meltdown" and
now simply don't want to accept the fact that:

1) High production  - ergo High Supply
2) Financial meltdown - ergo Low Demand
3) Time and the 458 - external pressures downward.

simply have forced the 430 (and 360) price curve down dramatically.

Unless a rich "sucker" comes along - and there are fewer of those today than
say in summer 2008 - they are going to EAT this loss NOW, or EAT a BIGGER LOSS
later.

Kind of reminds me of the places I see w/ F360 spyders listed in the $150's.



On 2/1/2010 10:11 AM, Gary Reed wrote:
> I just ran a "completed auction" search on eBay for 2007- 430s and out of the 
> 38 cars
> that popped up for the last two weeks, ZERO had sold.
> 
> The highest the bids ever got up to was $121K.
> 
> Gary
> 
>   ----- Original Message ----- 
>   From: Britt2Asa [at] aol.com 
>   To: Gary Reed 
>   Cc: ferrari [at] ferrarilist.com 
>   Sent: Monday, February 01, 2010 9:03 AM
>   Subject: Re: [Ferrari] Need group wisdom on pricing for 2007 F430
> 
> 
> 
>    
>   I think the truth is what Clyde said. The 458 is such a step up in being a  
>   better car,  the 430 will sink like a rock. Remember in that colour scheme  
>   there is always another. Really you just have to decide how much 
>   depreciation  you are willing to live with...5k, 10k, or 15k a year...and 
> that is 
>   determined  by what you pay as much as everything.
>    
>   Britt
> 
>   For a  while - initially they had it listed at 179,900.
> 
>   They reduced it to  159,900.
> 
>   Personally, I think a lot of dealers got into these cars
>   in  trade at the "exact wrong moment" and now they are waiting
>   for the sucker  to come along.
> 
>   Truth be told, I love the car - but I will NOT pay too  much.
> 
>   I just want to have a 'correct' but not 'insulting  low-ball'
>   offer for the car.
> 
>   On 1/31/2010 11:29 AM, Fellippe  Galletta wrote:
>   > 
>   > How long has it been on the market  now?
> 
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> 
>   BR in the  UK
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>   1980 400i  (RHD 74,000 miles)
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>   2003 BMW 530d
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