Hello. I’m Otto M. Asian. Welcome to the Weekly BAT Watcher All Marque Edition for August 26 2023.
On offer is a Ferrari F430 16M. With 6,000 miles, according to the listing.
In Rosso Corsa, with Nero Tessuto and Charcoal Alcantara.
There are 94 16M, in the SC Sage database.
This specific example has been logged continuously on SC Sage beginning in December 2021. By the same dealer, Indiana Horse Power. They started their offer at $399,900 with the same miles as today.
They raised the price to as high as $445,900 in January 2023. Only to drop the price to $385,900 in June 2023.
Looking at the Autocheck report, the vehicle has no reported accidents and 5 owners. So it has been handed around a bit.
There are images of the car, in the SC Sage database, all the way back to December 2021.
Looking at the SC Sage Market Price timeline chart for this model, prices have fallen around 10% over the past 24 months.
This car will not sell here, unless the dealer can go lower than the recent offering price, where no one was buying. That price is simply not being accepted now, any more than it was two years ago.
Next we have a Ferrari 575M. Maranello with 34,000 miles. Outfitted in Argento Nurburgring with Bordeaux Leather.
There are 198 575M. In the SC Sage database.
The average market price for this model is $145,720, with 21,013 miles.
This specific example was first logged on SC Sage in October 2021. At Champion Porsche. Priced at $124,900 with 18,841 miles.
The vehicle looks a little more worn today than in the SC Sage database images from 2021.
Looking at the SC Sage Market Price timeline chart for this model, prices have moved around a lot. However, they are largely unchanged from 24 months ago.
Looking at the Autocheck report, the vehicle has no reported accidents and a quite high 7 owners. This many owners certainly explains its wear and tear.
This example cannot sell for anywhere near the market average price. And chances are that the seller will not let it go for what it can command here.
Offered up is a 2007 Porsche 997.1 Turbo coupe. With 31,000 miles and PDK transmission.
Painted in Basalt Black, with Black full leather.
There are 7,633 Turbo of this model in the SC Sage database. 5,166 of these are coupe.
The average price for this model in all transmissions is $99,473, with 43,868 miles.
This car first showed in SC Sage in January 2020, with 28,238 miles. Priced at $67,981, at that time.
The car was moved around from dealer to dealer for some time. But when it sold in March 2021 it stayed with the same owner until this time. The price was $73,900.
The Autocheck report shows 4 owners and no reported accidents.
Looking at the SC Sage Market Price timeline chart for this model, prices are up slightly over the past 24 months.
Looking at the SC Sage Market Inventory Value snapshot chart, for this model, we can see where this car fits into the current market.
First, sorting the current market inventory of 66 cars, by mileage, this example should price around $84,000 in today’s market.
Sorting the market inventory by price, we find several examples around this mileage and price.
Looking at the dollar per mile for this car, one should be looking at around $2.60 per mile for similar examples.
All in all, we could see this car going for around $80,000 as market correct.
Up now is a 2016 Porsche 991.1 GT3 RS. With 8,000 miles. In White with leather interior in Black with GT Silver Alcantara.
There are 1,530 of this model in the SC Sage database.
There are 55 of this model currently on the market today.
The average market price is $213,856, with 12,179 miles.
This car first showed in the SC Sage database in October 2018, with 2,370 miles. Priced at $209,500, at that time.
Looking at the SC Sage Market Price timeline chart for this model, prices are currently on an upswing. After 24 months of moving around a bit.
Looking at the SC Sage Market Inventory Value snapshot chart, sorted by mileage, this example should price around $215,000 in today’s market.
Sorting by price, this example would be fairly priced at that number, as compared to other cars also in this price range, several of which have higher mileage.
Looking at the dollar per mile for this car, one should be looking at around $26 per mile for similar examples, at fair market value.
Making a bid of up to $215,000 would be acceptable for this one.
We conclude with a Ferrari 2019 Superfast. 812 with 2,900 miles.
Featured in Grigio Titanio, with Blue Sterling leather.
There are 82 of this model available on the market today. This exceeds the 10% threshold at which we would consider the market to be saturated. There are plenty of these to choose from at the moment.
The average price is $399,850, with 5,865 miles.
We first see this car in the SC Sage database in October 2022, with 1,636 miles. Priced at $459,900, at that time, by Ferrari of Miami.
The Autocheck report shows 1 owner.
Looking at the SC Sage Market Price timeline chart for this model, prices are up slightly over the past 24 months, but are around 20% off, of their recent high.
Looking at the SC Sage Market Inventory Value snapshot chart, sorted by mileage, this example should price around $405,000 in today’s market.
Sorting the market inventory by price, there are other examples with lower mileage in this same price range. One should review those alternatives before bidding here.
Looking at the dollar per mile for this car, one should be trying to get in around $140 per or less, per mile.
In summary, a price of under $400,000 could prove a good long term buy for this example.
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