Has inflation taken a bite out of the exotic car market? Premier Financial Services Midwest Regional Sales Manager Ross Dressel has seen a dip in activity in the $200K-$500K heart of that segment. But meanwhile, “affordable” pre-owned exotics and classics in the $75K-$200K range are getting more action for America’s #1 exotic and classic car lease financing provider. Who’s up? Who’s down? Read here to find out.
For those who have ever argued whether the 1968-1974 Dino was a “real” Ferrari, rest assured, it is. The debate was rooted in Enzo Ferrari’s decision to name the sports car for his son, Alfredo “Dino” Ferrari, who died in 1956. The young engineer had provided inspiration and technical input for a race-winning V6 engine that, a decade later, powered this pivotal road car in the Ferrari lineage. It was the exotic automaker’s first mid-engine model and the progenitor of a line that continues today. Recent near-million-dollar auction sales for Dinos have drawn attention.
Is there a hotter rivalry in the premium car arena than Ferrari v Lamborghini? Buckle up, it’s only going to get hotter as this decade unfolds. Hot on the trail of its Purosangue, Ferrari unveiled the new Roma Spider. This stunning soft-top will replace the Portofino M in the line. Meanwhile, Lamborghini has unveiled the chassis and powertrain for its upcoming 1,000-horsepower hyper hybrid and confirmed plans for two more hybrids and then two battery EVs. Never a dull moment with these two Italian supercar superpowers.
The 2023 collector car auction season got off to a roaring start in January. The Bonhams Scottsdale auction reached $30M in sales, and RM Sotheby’s reported $44M. The big surprise came from Bonhams, where a 1912 Simplex brought $4.8M, a record for a pre-WWI car. Supercars were still supreme, though, with a Ferrari LaFerrari getting $4.075M at RM Sotheby’s and, earlier in the month, a Ferrari F40 topping the Mecum sale in Kissimmee, Florida at $3.135M.
One a year in January, Palm Beach, Florida becomes the center of the Ferrari world with Cavallino Classic. This four-day event presents the full spectrum of the Ferrari lifestyle, including racing, touring, and concours competition – all in and around the luxurious setting of The Breakers hotel. A feast for all the senses, Cavallino Classic is a rare opportunity to see the marque’s vibrant history on display and on the track.
Will the 812 GTS be Ferrari’s final front-engine, naturally aspirated V-12 spider? Based on the appropriately named 812 Superfast Berlinetta, the 812 GTS shares a lineage with a line of classic open Ferraris, including the magnificent 365 GTS/4 Daytona Spider of the early ’70s. The 812 GTS has a retractable hardtop roof and a 789-horsepower 6.5-liter V-12. Bonhams’ Scottsdale auction is offering a 2021 812 GTS with just 217 miles.
The F512 M is considered the Testarossa at its pinnacle, the last of Ferrari’s analog flat-12 supercars. After three decades, the car can still snap necks even while standing still. The F512 M continued the Testarossa / 512TR evolution, and Ferrari would make just 501 of this final version before sunsetting its flat-12 supercar series. Demand was high for the 75 cars sent to the U.S., and RM Sotheby’s Miami auction in December is offering #52, a two-owner model from the Youngtimer Collection with 10,200 miles. The pre-sale estimate is $400,000-$450,000.
By all accounts, the auctions at The Amelia — now under the ownership of Hagerty — were a grand success, with the sales from RM Sotheby’s, Bonhams and Gooding & Company totaling nearly $126M. Notably, a 1937 Talbot Lago set a world record price for the marque and for French cars at $13,425,000
The exciting effect of being surrounded by amazing cars and competitive bidders might have lead to Monterey sales taking in $343 Million.
