Ferrari Mailing List: Re: Dumbest add ever in FML

[Clarence Romero Jr. (clyderomerof4]

Charles 

Then why when it comes to housing there is transparency?

Housing  cost way more than cars over all.

Why the secrecy ?

Why the underhanded valuation?

     RF4-4EVR

Scars are Tattoos with better stories !

If you have no enemies, you have no character !

Clyde Romero    

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On Nov 12, 2020, at 9:23 AM, Charles Perry <charles [at] carolinasound.com> wrote:



For what it’s worth, I’ve never found dealers willing to share actual selling prices with the public. Whenever I’ve been shopping for a car and found one that I like that sold before I could get it, calling the dealer and asking what it sold for is met with the “We sold it at the advertised price,” response about 95% of the time. The other 5% is usually within a few hundred dollars of asking price. These aren’t on common SUVs like Scottie was searching recently – these are on 6-figure exotics where you know they didn’t get the full ask.

 

Dealers do have a service they pay for which tracks actual selling prices – not just auctions but dealer-level sales. This helps them realistically value trade ins. I was shown a bit of it when I was considering consigning my 355 and Vanquish as that’s part of how they help you value a car. But access to that database is expensive and closely guarded for obvious reasons.

 

No dealer wants the public to have accurate pricing information, especially on used cars. That’s always where they’ve made the bulk of their money. Used and service. New cars are generally not profit centers. So for what it’s worth, I don’t think FML or any other group could hope to gather accurate transaction data outside of auctions. And while BaT certainly sells some nice cars, you can be sure that most of those are not as pristine as one would hope (or as the pictures show). So sales prices on transactions for truly nice privately sold cars will still never make it to light.

 

-- charles

 

 

 

 

From: Ferrari <ferrari-bounces+charles=carolinasound.com [at] ferrarilist.com> On Behalf Of Clarence Romero Jr.
Sent: Thursday, November 12, 2020 9:02 AM
To: Charles Perry <charles [at] carolinasound.com>
Cc: The FerrariList <ferrari [at] ferrarilist.com>
Subject: Re: [Ferrari] Dumbest add ever in FML

 

Agreed but that’s where FML could have taken the lead years back

But they didn’t and you know it

They could have been way ahead with the true transparency of what the cars actually sold for 

But they didn’t 

And still don’t 

Like I said the internet changed all that and they FML are still holding on to their index of bullshit prices 

How come there aren’t any prices in the Kelly blue book for Ferrari?

Or the so called black book?

It doesn’t matter for me 

I know how to buy the cars and know what the market is 

This conversation is more for the lurker out there who wants to buy one and now see the light in stead of the smoke filled room of FML yellow issues burning in the corner !

 

 

     RF4-4EVR

Scars are Tattoos with better stories !

 

If you have no enemies, you have no character !

 

Clyde Romero    

 

 

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On Nov 12, 2020, at 8:48 AM, scott saidel <scott_saidel [at] hotmail.com> wrote:



Wait a minute - EVERYONE advertises asking prices.

 

Almost every dealer advertises asking prices in their website.

 

DuPont Registry, etc - are all ASKING price.

 

I am shopping for a SUV for the wife right now and quickly learned that Advertised prices are bullshit.  The put up a price including ALL possible discount programs - so unless you are a vet, firefighter, who just graduated college, with that brand car as a trade - the “internet” price that the quote is total bullshit.  That is why sites like CarGurus and TruCar exist - to educate people on actual SELLING prices.

 

So, a compendium of vehicle’s and asking prices is helpful - it shows you were dealers and individuals are - to start. It helps you see who is unrealistic - $300K ’78 glass 308s vs. who is serious - $32K ’81 308GTSi.  Not perfect, but something.  And EVERY negotiation has to start somewhere.  As a seller you start high, as a buyer low - deals are made in the middle.

 

Before the internet FML was a resource - just like DuPont and my dozen or more daily faxes listing who had what vehicles at what asking price.

 

Agree that SELLING price is a more valuable metric - but that information is generally closely held by both buyer and seller (try to figure out the REAL value of a GTO, when almost none are sold publicly and almost all transactions are behind closed doors.  Even the ‘players’ often do not know of a swap until a car appears at a show or event with its new owner.). I can probably think of a dozen reasons why I wouldn’t want the price I paid to be public knowledge.

 

As said, FML served a purpose and the articles were also helpful - I really liked when Carbon was there and some of then deep dives he went on.  It is NOT a guide to cLyDe prices, but is probably still a good resource to gauge the feel and direction of the market as well as a relatively easy method to find most of the available vehicles of a type (like 355s) that are currently on the market.

 

Just my .02 

 

Scottie

On Nov 12, 2020, at 8:34 AM, Clarence Romero Jr. <clyderomerof4 [at] gmail.com> wrote:

 

Yes they are in the business of taking adds 

But they should be represent the true market value of the vehicle 

Not some ASKING price if the publication is to be taken seriously 

They have gotten away with this fantasy too long 

The major issue is the dealers go along with it 

 

 

     RF4-4EVR

Scars are Tattoos with better stories !

 

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 Clyderomerof4 [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 Nov 12, 2020, at 8:27 AM, Jeff Kennedy <jkennedy.design [at] gmail.com> wrote:



So, are you blaming FML for taking a paying advertisement?  FML is in the business of taking advertisements.

 

On Thu, Nov 12, 2020 at 7:17 AM Clarence Romero Jr. <clyderomerof4 [at] gmail.com> wrote:

Under services offered 

 

Would you like to buy your late model Ferrari Porsche or other exotic at wholesale prices?

As a dealer we have such  access. 

Call us phone XXX XXX XXXX

 

 

This is the actual add in the FML, you can’t make this up!

 

So let me get this straight 

Your dealer and your under cutting yourself now?

Stupid kills 

Just not fast enough!

 

 

 

 

     RF4-4EVR

Scars are Tattoos with better stories !

 

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 Clyderomerof4 [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.

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