Average price of Dino dropping? - Ferrari Life
 
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post #1 of 11 Old 07-17-2019, 05:42 AM Thread Starter
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Average price of Dino dropping?

Car Conceptz produced some historical data that seems interesting showing pricing bobbing up in 2018 but ignoring that shows a long term slope decline from 2014 to 2019
https://www.conceptcarz.com/

The sample sizes are small and these are niche cars. How do you see Dino pricing? Do you agree that ConceptCarz data can be concluded that we are at a peak or beyond?
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post #2 of 11 Old 07-17-2019, 04:18 PM
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To put it very simply, I don't believe it!
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post #3 of 11 Old 07-18-2019, 02:02 AM
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I believe the peak was in 2015-2016.
Although the market has softened since then, I’m not sure I’d define it as a “long-term decline.”

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post #4 of 11 Old 07-18-2019, 07:23 AM Thread Starter
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If you disregard 2018 and draw line from 2014 to 2019 it looks like a downward slope to me

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post #5 of 11 Old 07-19-2019, 07:21 AM
 
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The bigger question is why do prices of cars for from $20,000 used to $500,000? It comes down to supply and demand. When there are more people willing to buy than supplies prices go up. The next question is who is the demand? The demand is, middle aged and old men who lusted for these cars in their youth and now have the means to acquire them. What happens when these men die off, lose interest or simply cannot get in/out of these cars? Demand will drop. Just at the Porsche 356 prices and demand is down these cars will also experience a similar downturn. I would add the 3-pedal cars will be worth a lot less, as most younger people do not know how to drive them. Add in the seismic change in thinking about cars with the young people, I think we have past the golden era of cars. The only cars impervious to these times of factors will be the top 1%-5%. This is just my opinion.

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post #6 of 11 Old 07-20-2019, 11:52 AM
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Concept’s data set does not represent “the market”
It can’t be the total number of sales.

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post #7 of 11 Old 07-21-2019, 03:39 PM
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Quote:
Originally Posted by efg2014 View Post
The bigger question is why do prices of cars for from $20,000 used to $500,000? It comes down to supply and demand. When there are more people willing to buy than supplies prices go up. The next question is who is the demand? The demand is, middle aged and old men who lusted for these cars in their youth and now have the means to acquire them. What happens when these men die off, lose interest or simply cannot get in/out of these cars? Demand will drop. Just at the Porsche 356 prices and demand is down these cars will also experience a similar downturn. I would add the 3-pedal cars will be worth a lot less, as most younger people do not know how to drive them. Add in the seismic change in thinking about cars with the young people, I think we have past the golden era of cars. The only cars impervious to these times of factors will be the top 1%-5%. This is just my opinion.
I agree with all of this however I find it hard to believe that we are there with the 246s. I would be interested to see a correlation between Dino prices and Porsche prices of the same vintage. Porches seem to be rising.
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post #8 of 11 Old 07-25-2019, 02:39 AM
 
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post #9 of 11 Old 07-26-2019, 11:58 AM
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Quote:
Originally Posted by efg2014 View Post
The demand is, middle aged and old men who lusted for these cars in their youth and now have the means to acquire them. What happens when these men die off, lose interest or simply cannot get in/out of these cars? Demand will drop.
Interesting theory. If that is responsible for a downturn in the price of Dino era cars, presumably those that are 10 years older (250 GTOs, for example) will be dropping even faster, so I'll be able to afford one soon.

And you will be lucky to get scrap value for a blower Bentley, let alone an Edwardian Ghost.

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post #10 of 11 Old 07-27-2019, 07:45 AM Thread Starter
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Originally Posted by George Vosburgh View Post
I agree with all of this however I find it hard to believe that we are there with the 246s. I would be interested to see a correlation between Dino prices and Porsche prices of the same vintage. Porches seem to be rising.
The Porsche started their rise far later than the Dino, not sure the buyers are the same or directly comparable. A lot of Porsche owners apply their views to Dinos and it can be odd perspective to someone coming from Dino land

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post #11 of 11 Old 07-31-2019, 07:26 AM
 
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Quote:
Originally Posted by Bluebottle View Post
Interesting theory. If that is responsible for a downturn in the price of Dino era cars, presumably those that are 10 years older (250 GTOs, for example) will be dropping even faster, so I'll be able to afford one soon.

And you will be lucky to get scrap value for a blower Bentley, let alone an Edwardian Ghost.
You may have missed this statement which pertains to the 250 GTO:

The only cars impervious to these times of factors will be the top 1%-5%.

My fantasy, is by the time I'm 80, 3-pedal f-cars will be cheap, cheap and I can buy a few few. Off course, gasoline based cars may be limited to side roads by then but that is ok.

Regarding Porsches, what I"m seeing certain 911s from the 70s and 80s have a strong demand. Water cooled Porsches are a great value.

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