{"id":662870,"date":"2026-09-04T08:15:00","date_gmt":"2026-09-04T08:15:00","guid":{"rendered":"https:\/\/buglecall.org\/?p=662870"},"modified":"2026-09-04T08:15:00","modified_gmt":"2026-09-04T08:15:00","slug":"ferraris-hybrid-hangover-collectors-stampede-into-legacy-v8s-and-v12s","status":"publish","type":"post","link":"https:\/\/buglecall.org\/?p=662870","title":{"rendered":"Ferrari&#8217;s Hybrid Hangover: Collectors Stampede Into Legacy V8s And V12s"},"content":{"rendered":"<p><span class=\"field field--name-title field--type-string field--label-hidden\">Ferrari&#8217;s Hybrid Hangover: Collectors Stampede Into Legacy V8s And V12s<\/span><\/p>\n<div class=\"clearfix text-formatted field field--name-body field--type-text-with-summary field--label-hidden field__item\">\n<p><strong>Exotic-car collectors continue to shun hybrid Ferraris<\/strong>\u00a0(<a href=\"https:\/\/www.zerohedge.com\/markets\/ferrari-shares-plunge-after-analyst-slam-new-ev-mix-between-honda-and-tesla\">Read May&#8217;s sportscar report<\/a>) in <strong>favor of legacy V8 and V12 petrol-powered models<\/strong>, pushing used-car values sharply higher.<\/p>\n<p><strong>One possible driver is concern over long-term ownership costs:<\/strong> hybrid and fully electric supercars combine complex electronics, high-voltage battery packs, and sophisticated thermal-management systems, creating the risk of astronomical repair bills as these vehicles age.<\/p>\n<p><a data-image-external-href=\"\" data-image-href=\"\/s3\/files\/inline-images\/2026-09-03_10-40-29.png?itok=9Tj0dLAE\" data-link-option=\"0\" href=\"https:\/\/cms.zerohedge.com\/s3\/files\/inline-images\/2026-09-03_10-40-29.png?itok=9Tj0dLAE\"><img fetchpriority=\"high\" decoding=\"async\" data-entity-type=\"file\" data-entity-uuid=\"edadedf1-3caf-48a9-9eee-b52204e1661c\" data-responsive-image-style=\"inline_images\" height=\"345\" width=\"500\" class=\"inline-images image-style-inline-images\" src=\"https:\/\/assets.zerohedge.com\/s3fs-public\/styles\/inline_image_mobile\/public\/inline-images\/2026-09-03_10-40-29.png?itok=9Tj0dLAE\" alt=\"\" \/><\/a><\/p>\n<p>Goldman Sachs analyst Christian Frenes, the bank&#8217;s equity analyst covering European automakers including Ferrari, Mercedes-Benz, BMW, Volkswagen, Stellantis, Renault, Aston Martin, and Porsche Automobil Holding, wrote in a Thursday morning note that the <strong>Ferrari Residual Value Index climbed 5.8% in August and 13.8% from a year earlier, reaching 102.25.<\/strong><\/p>\n<p>That pushed the gauge above its January 2025 level for the first time since the bank began systematically tracking used-Ferrari prices.<\/p>\n<p>Under the hood, Frenes said the <strong>US led the rally with a 10% monthly gain<\/strong>, driven by both a more valuable mix of cars and higher underlying asking prices. Great Britain advanced 4.6%, although he cautioned that the increase reflected a specials-heavy mix and that comparable prices declined. Italy rose 1.5%, Japan gained 1.3%, and Germany increased 0.9%.<\/p>\n<p><strong>The big story<\/strong> is that since January 2025, <strong>used hybrid Ferrari prices have fallen 13.1%, while non-hybrid models have surged 16.4%<\/strong>. The gap widened again in August, with hybrid prices slipping 0.6% as petrol-powered models jumped 10.4%.<\/p>\n<p>Here&#8217;s a snapshot from the report:<\/p>\n<p><em>1. <strong>US exceptional gains continue as all markets improve<\/strong>: Latest August data show month-over-month residual list-price improvements across all regions, with the USA clearly outperforming (+10.0%), driven both by a strong mix and rising underlying list prices. GB also improved by 4.6% month over month, although the gain was driven by a specials-heavy mix; like-for-like prices declined. Italy (+1.5%), Japan (+1.3%), and Germany (+0.9%) all posted moderate gains.<\/em><\/p>\n<p><em>2. <strong>US hunger for legacy V8\/V12 persists<\/strong>: Since we began tracking in January 2025, hybrid models have moved -13.1% and non-hybrids +16.4%. The latest August month-over-month data further widened the powertrain gap, as hybrids were broadly flat (-0.6%), while non-hybrids posted material gains (+10.4%). The increase was largely driven by continued exceptional US demand for legacy, phased-out V8 and V12 models, which now list 36% and 30% above rest-of-world prices, respectively, in the US secondary market. We continue to believe this trend is best explained by heightened US collector demand following the reveal of the electric Ferrari Luce.<\/em><\/p>\n<p><em>3. <\/em><strong>Ferrari extends its luxury-peer lead in August<\/strong><em>: Our newer cross-brand index (April 2026 = 100) shows Ferrari at 114, versus Lamborghini at 109, Rolls-Royce at 105, Bentley at 103, Aston Martin at 102, and McLaren at 96. Nine of the ten largest model-level gainers since April were pre-hybrid Ferrari V8 or V12 models. Hybrid weakness, meanwhile, remains a peer-wide phenomenon, with Bentley hybrids contributing to the largest model-level losers since April.<\/em><\/p>\n<p>The report&#8217;s <strong>most compelling charts<\/strong> show exotic-car collectors shunning hybrid Ferraris in favor of V8 and V12 petrol-powered models:<\/p>\n<p><a data-image-external-href=\"\" data-image-href=\"\/s3\/files\/inline-images\/2026-09-03_10-06-58.png?itok=tgGiuBT6\" data-link-option=\"0\" href=\"https:\/\/cms.zerohedge.com\/s3\/files\/inline-images\/2026-09-03_10-06-58.png?itok=tgGiuBT6\"><img decoding=\"async\" data-entity-type=\"file\" data-entity-uuid=\"7b485678-250a-4d47-8bcf-38aec49ff8de\" data-responsive-image-style=\"inline_images\" height=\"255\" width=\"500\" class=\"inline-images image-style-inline-images\" src=\"https:\/\/assets.zerohedge.com\/s3fs-public\/styles\/inline_image_mobile\/public\/inline-images\/2026-09-03_10-06-58.png?itok=tgGiuBT6\" alt=\"\" \/><\/a><\/p>\n<p>Collectors are <strong>aggressively bidding up the naturally aspirated 812 GTS<\/strong>, powered by a 6.5-liter V12 engine, while avoiding the hybrid SF90 Stradale.<\/p>\n<p><a data-image-external-href=\"\" data-image-href=\"\/s3\/files\/inline-images\/2026-09-03_10-25-58.png?itok=a2Waliml\" data-link-option=\"0\" href=\"https:\/\/cms.zerohedge.com\/s3\/files\/inline-images\/2026-09-03_10-25-58.png?itok=a2Waliml\"><img decoding=\"async\" data-entity-type=\"file\" data-entity-uuid=\"e29be53e-50b8-481d-a2b9-02dd1ec17fa0\" data-responsive-image-style=\"inline_images\" height=\"222\" width=\"500\" class=\"inline-images image-style-inline-images\" src=\"https:\/\/assets.zerohedge.com\/s3fs-public\/styles\/inline_image_mobile\/public\/inline-images\/2026-09-03_10-25-58.png?itok=a2Waliml\" alt=\"\" \/><\/a><\/p>\n<p><strong>Collectors became especially aggressive in petrol-powered models after Ferrari debuted the all-electric Luce<\/strong>, which has since bombed.<\/p>\n<p><a data-image-external-href=\"\" data-image-href=\"\/s3\/files\/inline-images\/2026-09-03_10-29-51.png?itok=GDdOVGV4\" data-link-option=\"0\" href=\"https:\/\/cms.zerohedge.com\/s3\/files\/inline-images\/2026-09-03_10-29-51.png?itok=GDdOVGV4\"><img loading=\"lazy\" decoding=\"async\" data-entity-type=\"file\" data-entity-uuid=\"7a380cc4-2f3a-4472-b78a-496887e397bb\" data-responsive-image-style=\"inline_images\" height=\"416\" width=\"500\" class=\"inline-images image-style-inline-images\" src=\"https:\/\/assets.zerohedge.com\/s3fs-public\/styles\/inline_image_mobile\/public\/inline-images\/2026-09-03_10-29-51.png?itok=GDdOVGV4\" alt=\"\" \/><\/a><\/p>\n<p>Across the used exotic-car market, <strong>Ferraris remain the models most favored by collectors<\/strong>, while McLarens are being shunned.<\/p>\n<p><a data-image-external-href=\"\" data-image-href=\"\/s3\/files\/inline-images\/2026-09-03_10-30-20.png?itok=QFYv6lHp\" data-link-option=\"0\" href=\"https:\/\/cms.zerohedge.com\/s3\/files\/inline-images\/2026-09-03_10-30-20.png?itok=QFYv6lHp\"><img loading=\"lazy\" decoding=\"async\" data-entity-type=\"file\" data-entity-uuid=\"674c36d4-3989-4d89-bf93-3caad1aec96f\" data-responsive-image-style=\"inline_images\" height=\"415\" width=\"500\" class=\"inline-images image-style-inline-images\" src=\"https:\/\/assets.zerohedge.com\/s3fs-public\/styles\/inline_image_mobile\/public\/inline-images\/2026-09-03_10-30-20.png?itok=QFYv6lHp\" alt=\"\" \/><\/a><\/p>\n<p><a href=\"https:\/\/www.zerohedge.com\/signup\/professional-membership-year\"><em>Professional subscribers<\/em><\/a> <em>can read the <a href=\"https:\/\/marketdesk.ai\/standalone\/BHeINoeyrLW\">full report<\/a> at our new<\/em> <a href=\"https:\/\/marketdesk.ai\/\"><em>Marketdesk.ai<\/em><\/a> <em>portal.<\/em><\/p>\n<\/div>\n<p>      <span class=\"field field--name-uid field--type-entity-reference field--label-hidden\"><a title=\"View user profile.\" href=\"https:\/\/cms.zerohedge.com\/users\/tyler-durden\" lang=\"\" class=\"username\" xml:lang=\"\">Tyler Durden<\/a><\/span><br \/>\n<span class=\"field field--name-created field--type-created field--label-hidden\">Fri, 09\/04\/2026 &#8211; 04:15<\/span><img decoding=\"async\" src=\"https:\/\/assets.zerohedge.com\/s3fs-public\/styles\/inline_image_mobile\/public\/inline-images\/2026-09-03_10-40-29.png?itok=9Tj0dLAE\" title=\"Ferrari&apos;s Hybrid Hangover: Collectors Stampede Into Legacy V8s And V12s\" \/><\/p>","protected":false},"excerpt":{"rendered":"<p>Ferrari&#8217;s Hybrid Hangover: Collectors Stampede Into Legacy V8s And V12s Exotic-car collectors continue to shun hybrid Ferraris\u00a0(Read May&#8217;s sportscar report) in favor of legacy V8 and V12 petrol-powered models, pushing used-car values sharply higher. One possible driver is concern over long-term ownership costs: hybrid and fully electric supercars combine complex electronics, high-voltage battery packs, and&hellip; <a class=\"more-link\" href=\"https:\/\/buglecall.org\/?p=662870\">Continue reading <span class=\"screen-reader-text\">Ferrari&#8217;s Hybrid Hangover: Collectors Stampede Into Legacy V8s And V12s<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":662871,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"rop_custom_images_group":[],"rop_custom_messages_group":[],"rop_publish_now":"initial","rop_publish_now_accounts":[],"rop_publish_now_history":[],"rop_publish_now_status":"pending","footnotes":""},"categories":[20,23],"tags":[],"class_list":["post-662870","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-economic-empowerment","category-national-security","entry"],"_links":{"self":[{"href":"https:\/\/buglecall.org\/index.php?rest_route=\/wp\/v2\/posts\/662870","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buglecall.org\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buglecall.org\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buglecall.org\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buglecall.org\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=662870"}],"version-history":[{"count":0,"href":"https:\/\/buglecall.org\/index.php?rest_route=\/wp\/v2\/posts\/662870\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buglecall.org\/index.php?rest_route=\/wp\/v2\/media\/662871"}],"wp:attachment":[{"href":"https:\/\/buglecall.org\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=662870"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buglecall.org\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=662870"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buglecall.org\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=662870"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}