Comments on: Collapse of the Ferrari market http://blogs.law.harvard.edu/philg/2009/01/05/collapse-of-the-ferrari-market/ A posting every day; an interesting idea every three months... Fri, 04 Dec 2009 04:31:10 -0500 http://wordpress.org/?v=2.8.4 hourly 1 By: Solar Power Homes http://blogs.law.harvard.edu/philg/2009/01/05/collapse-of-the-ferrari-market/comment-page-1/#comment-96809 Solar Power Homes Sun, 11 Jan 2009 17:58:50 +0000 http://blogs.law.harvard.edu/philg/?p=1183#comment-96809 Paul, To the best of my knowledge a PC-12 is not a jet. It's a turbo-prop. Meaning it does have a turbine engine, but it's a propeller aircraft. Do agree with you that PC-12 is representative of entry level jet aircraft market. In some cases it's even more expensive than jet aircraft. Of course no other aircraft can match its utility for any price. Paul,

To the best of my knowledge a PC-12 is not a jet. It’s a turbo-prop. Meaning it does have a turbine engine, but it’s a propeller aircraft.

Do agree with you that PC-12 is representative of entry level jet aircraft market. In some cases it’s even more expensive than jet aircraft.

Of course no other aircraft can match its utility for any price.

]]> By: Paul Pencikowski http://blogs.law.harvard.edu/philg/2009/01/05/collapse-of-the-ferrari-market/comment-page-1/#comment-96674 Paul Pencikowski Sat, 10 Jan 2009 03:32:48 +0000 http://blogs.law.harvard.edu/philg/?p=1183#comment-96674 Not Ferrari, but I think relative... My fly-buddy Al is buying a new jet (PC-12). No "deals". At the peak of the jet-boom (approx 2 years ago) it was a 2-3 year wait for delivery (depending on the jet). Now 3-6 months. But still, "list price; no-deals". Flip-side: The *used* jet market has collapsed. Al's 6yo PC-12 is the best-equipped, lowest-priced PC-12 available in his year-group. Not one response in 2 months of advertising. Ouch. Al says the PC-12 market is representative of all biz-jets. Trivia: A PC-12 will fly from Boston to Key West FL with-reserves. While carrying 2-crew + 4-passengers + bags + fullsize dirt bike. One of my PC-12 stories below (if links work)... Dominican Republic Day-3; Constanza and Santiago Not Ferrari, but I think relative…

My fly-buddy Al is buying a new jet (PC-12). No “deals”.

At the peak of the jet-boom (approx 2 years ago) it was a 2-3 year wait for delivery (depending on the jet). Now 3-6 months. But still, “list price; no-deals”.

Flip-side: The *used* jet market has collapsed. Al’s 6yo PC-12 is the best-equipped, lowest-priced PC-12 available in his year-group. Not one response in 2 months of advertising. Ouch.

Al says the PC-12 market is representative of all biz-jets.

Trivia: A PC-12 will fly from Boston to Key West FL with-reserves. While carrying 2-crew + 4-passengers + bags + fullsize dirt bike. One of my PC-12 stories below (if links work)…

Dominican Republic Day-3; Constanza and Santiago

]]> By: Ellis Vener http://blogs.law.harvard.edu/philg/2009/01/05/collapse-of-the-ferrari-market/comment-page-1/#comment-96405 Ellis Vener Tue, 06 Jan 2009 09:58:14 +0000 http://blogs.law.harvard.edu/philg/?p=1183#comment-96405 I saw a piece on CNN yesterday about a new Ferrari dealership in the Tampa area. They say that they sold 8 Ferraris last month. I saw a piece on CNN yesterday about a new Ferrari dealership in the Tampa area. They say that they sold 8 Ferraris last month.

]]> By: Drew http://blogs.law.harvard.edu/philg/2009/01/05/collapse-of-the-ferrari-market/comment-page-1/#comment-96388 Drew Tue, 06 Jan 2009 02:02:41 +0000 http://blogs.law.harvard.edu/philg/?p=1183#comment-96388 Collapse is a bit of an over statement. Yes, there is no longer a 2 year wait, but the prices haven't gone down much at all. You can find a few under-maintained examples at USD$75K, but only a few are selling under ~USD$100K. And used 430's, as well as Ford GT's, are still selling at or above MSRP. Collapse is a bit of an over statement. Yes, there is no longer a 2 year wait, but the prices haven’t gone down much at all.

You can find a few under-maintained examples at USD$75K, but only a few are selling under ~USD$100K.

And used 430’s, as well as Ford GT’s, are still selling at or above MSRP.

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