Ferrari Mailing List: Re: Fw: Ferraris-online.com Newsletter - 1972 Ferrari 246 GT s/n 03000 - Price reduction

[Erik Nielsen (judge4re]

Well, CNBC has never really been considered a reliable leading indicator source…

There are a few things that can help keep the bubble inflated.  The trend is that there are more HNWI being created globally, but I do expect further shake out and a weakening in China as a result of their continued anti-corruption measures.

The 2015 Knight Frank report is here:  http://content.knightfrank.com/research/83/documents/en/wealth-report-2015-2716.pdf

The 2016 report will come out in January, it will be interesting to see what macro trends they are predicting.

Closer to home for most of us, Pew put out an interesting report about the hollowing out of the middle class, the upside for the Ferrari world is while the middle class numbers are deceasing, they are decreasing because more people are moving to the higher and upper income levels.

http://www.pewsocialtrends.org/2015/12/09/the-american-middle-class-is-losing-ground/

This is prime market space for large ticket disposable income purchases.

Demographically, we also have the boomers starting to retire en masse, so they’re adopting their lifestyle changes of not being tied up in the daily grind and will continue to look for recreational and experiential purchases. 

I crunched the IHS numbers for the ultra premium market segment on Friday and the 2016 production volumes are projected to be +20% over 2015, even with the collective investor class shitting bricks over a potential 0.25% rise in the Fed’s interest rates.

But all of that is just the numbers side of the marketing data, cars beyond transportation become a battle between the instant gratification of the id and the superego’s fight for behaving in a socially acceptable manner.  Trying to override the latter’s influence, you hear the buzzwords like culture, refinement, provenance; all marketing mumbo jumbo designed specifically to repress the superego and get you to open that wallet just a little bit further.  That’s why the insights gained from focus groups are so important and that manufacturers are willing to spend so much to get that data, as it is what really moves the needle when you look at gross margins.

I need more coffee if I’m going to ramble any further.  

Erik

On Dec 13, 2015, at 1:24 AM, Peter Rychel <dino308gt4 [at] hotmail.com> wrote:

Conflicting info?...:

http://www.cnbc.com/2015/12/05/jay-leno-wannabes-classic-car-market-goes-into-overdrive.html

Peter

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From: Ferrari <ferrari-bounces+dino308gt4=hotmail.com [at] ferrarilist.com> on behalf of LS via Ferrari <ferrari [at] ferrarilist.com>
Sent: December 10, 2015 10:00 AM
To: PeterGT4
Cc: The FerrariList
Subject: [Ferrari] Fw: Ferraris-online.com Newsletter - 1972 Ferrari 246 GT s/n 03000 - Price reduction

 

Uh oh...why are asking prices starting to go...DOWN??

 

LSJ

central

wines-spirits   est 1934

625 e street nw

washington, dc 20004

centralwines.com

facebook.com/CentralLiquors 

202-737-2800

----- Forwarded Message -----
From: "news [at] ferraris-online.com" <news [at] ferraris-online.com>
To: Lashdeep Singh <lashdeep [at] yahoo.com> 
Sent: Thursday, December 10, 2015 12:07 AM
Subject: Ferraris-online.com Newsletter - 1972 Ferrari 246 GT s/n 03000 - Price reduction

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