Ferrari Mailing List: Re: Ferrari Digest, Vol 118, Issue 19

[Erik Nielsen (judge4re]

I still enjoy them and am on the I own them rather than they own me side of the equation.  Besides, where would I find someone that a) is more deranged than me and b) has cash to offload them to?  Talk about small market segments.

I justify the costs as my wife banned me from owning boats, planes or helicopters.  Gave up horse ownership before I got carried away, too.  What I spend is peanuts compared to the cost of ownership of any of those things. 

Your mileage may vary.

On Tue, May 17, 2016 at 7:37 AM, <clyderomerof4 [at] gmail.com> wrote:

I hope you are right Erik about your son wanting to work on those cars 

And they better make a good 3 D printer for all the parts he will need as well!

And you got it right chasing the younger buyers but not catching them!

Just look at Vette sales !

Going no where especially at the new car level manly because of lack of appeal 

Erik if I where you with your fleet I would sell when I had a buyer with cash in hand

To each his own 

In victory you deserve Champagne

In defeat you need it!

     

Scars are Tattoos with better stories !

If you follow all the rules

You miss all the fun! 

If you have no enemies, you have no character !

Clyde Romero    

Confidentiality Notice:  This e-mail ( including attachments ) is covered by the Electronic Communications Privacy Act, 18 U. S. C., Sections 2510-2521, and is intended only for the persons or entity to which it is addressed, and may contain confidential or privileged material.  Any unauthorized review, use, disclosure, dissemination, copying, forwarding or distribution is prohibited.

This email transmission, and any documents, files or previous email messages attached to it, may contain confidential information that is priviledged.  If you are not the intended recipient, or a person responsible for delivering it to the intended recipient, you are hereby notified that any disclosure, copying, distribution or use of the information containes in or attached to this message is STRICTLY PROHIBITED.  If you have received this transmission in error, please immediately notify us by reply e-mail at Clyde.romerof4 [at] gmail.com or  by telephone at (678 6419932)and destroy the original transmission and its attachments without reading them or saving them to disk.

On May 17, 2016, at 7:51 AM, Erik Nielsen <judge4re [at] gmail.com> wrote:

Buy here, pay here.

I like that.  But I don’t think it will fly with the wife to use a reason to increase the “inventory”.  But by the time my son is driving, he will be able to work on them and more importantly know the supply chain needed to keep them running without going to a dealer.

The market for these cars is almost microscopic with a lot of chatter, but few actual sales.  And you know the people in the market see what is coming when even people like me get approached to be a dealer principal.  No way I’m holding that bag in the next downturn.

Read between the lines in the marketing statements made by the big players in the industry, they’re all chasing younger buyers.  Those are the ones that have a chance at being a repeat buyer.  Can’t do that with the older crowd.  

And Clyde, it’s not too late to recalibrate your grandson, Gran Turismo Sport is coming out soon.

Erik

And I am keeping an eye on McLaren 650S prices, but I’m in no hurry.

On May 17, 2016, at 6:04 AM, clyderomerof4 [at] gmail.com wrote:

Guys please take a look around you and see who has the jobs that make that kind of money to buy those cars?

Because that's the market 

It's not the so called millennium crowd 

They are struggling from the recent rescission 

Trying to buy homes 

Raise families 

Just look at the sales of the so called famed Nissan GTR !

In fact look who is going to the car shows!

The bubble isn't about to happen 

It's already here!

That crowd wants value for there hard earned money not some history of a race it won before the Vietnam war!

There are no more poster cars for little boys to grow up and dream about

Remember the  Testarossa   (Sic) poster ?

The Lamborghini poster ?

Even the car magazines have toned it down and kids don't buy them only adults do

We all bought them but ask your nephew or grandson if he does?

In fact the video games don't have cars in them anymore 

They are all first person shooter games 

How do I know I play them with my grandson 

Unless you were fortunate to have a rich relative like Charles or have a father like Eric 

Who has a buy here pay here car lot 

You will not be exposed to these vehicles and you will only see them in the movies!

Ferrari, Lamborghini, McClaren, Maserati  and the like will struggle in the near term 

That's my take on it 

One last word 

Went to the local McClaren dealership the other day 

My old squadron mate bought a 2012 one so I got him a hat

There was one of those 2015 super trick Lamborghini that went for $500 plus there in trade with 3 k miles on it

They gave him $300k on trade for it!

Ah yes the saying is true

A fool and his money is soon parted 

In victory you deserve Champagne

In defeat you need it!

     

Scars are Tattoos with better stories !

If you follow all the rules

You miss all the fun! 

If you have no enemies, you have no character !

Clyde Romero    

Confidentiality Notice:  This e-mail ( including attachments ) is covered by the Electronic Communications Privacy Act, 18 U. S. C., Sections 2510-2521, and is intended only for the persons or entity to which it is addressed, and may contain confidential or privileged material.  Any unauthorized review, use, disclosure, dissemination, copying, forwarding or distribution is prohibited.

This email transmission, and any documents, files or previous email messages attached to it, may contain confidential information that is priviledged.  If you are not the intended recipient, or a person responsible for delivering it to the intended recipient, you are hereby notified that any disclosure, copying, distribution or use of the information containes in or attached to this message is STRICTLY PROHIBITED.  If you have received this transmission in error, please immediately notify us by reply e-mail at Clyde.romerof4 [at] gmail.com or  by telephone at (678 6419932)and destroy the original transmission and its attachments without reading them or saving them to disk.

On May 16, 2016, at 10:58 PM, Dennis Burleson <d_burles [at] bellsouth.net> wrote:

Charles:

I read with interest the article published by Michael Sheehan concerning the current values of Ferrari cars and the "exaggerated" prices of today's market and the expected value of those same cars as viewed by the upcoming millennial investors. His introspection, it seems, is that we (the old guys) are going to die off and the upcoming generation could give a big dump less about the cars we value so much.

Having said that, ANY of the old Ferrari cars are desirable to me; unfortunately, I can't afford them. As Clyde says, you need a CNC to keep a supply of parts available. But, they are basically mechanical machines. They can be fixed. Who knows what will be necessary to keep the newer stuff running. Perhaps an electronics lab?

Back to the purchase pricing of our current market. Again, as Clyde says, "buy it and drive the paint off it!" In 2016, is a Ferrari BB worth the money? Most all the cars currently listed are, in my opinion, overpriced. But, that's what keeps the Ferrari market alive. I think the market will crash again, much like what happened in the post Enzo era. The car values will fall back, but if one can weather the depreciation, the prices should rebound again (in 10 years?). That's assuming that there is no market crash, no terrorist attacks, no dinosaur depleting asteroids, no Revelation depicted prophetic end of days. 

Unfortunately, I think that most of the pristine, low mileage, fully documented Ferraris that come and go at the high end sales will probably end up in a private collection where they are, unfortunately, never driven to their capabilities or limits. They become museum pieces. Speaking for Clyde, I think that one looking for art would prefer a van Gogh; If you want a Ferrari, please be prepared to drive it.

My humble opinion. Regards to all

DB

On Monday, May 16, 2016 6:16 AM, "ferrari-request [at] ferrarilist.com" <ferrari-request [at] ferrarilist.com> wrote:

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Today's Topics:

  1. One for FG, Several for cLyDe (Charles Perry)


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Message: 1
Date: Mon, 16 May 2016 03:20:52 +0000
From: Charles Perry <charles [at] carolina-sound.com>
To: "'ferrari [at] ferrarilist.com'" <ferrari [at] ferrarilist.com>
Subject: [Ferrari] One for FG, Several for cLyDe
Message-ID:
    <228C6E1BCD60FC4BAB9722FD5F3C96F11CA34F49@CSC-SBS7-SRVR.CarolinaSound.local>
    
Content-Type: text/plain; charset="us-ascii"

FG, know how you love the Jotas:

http://www.rmsothebys.com/mc16/monaco/lots/1995-lamborghini-diablo-se30-jota/1079713

Some pretty crazy Ferrari transactions too:

http://www.rmsothebys.com/mc16/monaco/results/

cLyDe - Please see the 550 Barchetta selling price, the 575 SuperAmerica and maybe the Dino 206GT. I await your diatribes with huge anticipation!  :)

Really wish I'd bought the 512BBis I was looking at when I instead bought the 355. They were mid 80's at the time.

I also would REALLY have liked to have this, although I don't think I would've gone $13k+ for it:

http://www.rmsothebys.com/mc16/monaco/lots/formula-1-champions-signed-helmet/1078682




[Sig - CSC]

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