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(Short List)   During this global economic meltdown Ferrari have registered a) A record LOW number of sales in 2012 or b) A record HIGH?   (shortlist.com) divider line 65
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1069 clicks; posted to Business » on 20 Feb 2013 at 9:44 AM (1 year ago)   |  Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»



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2013-02-20 06:24:23 AM
That's because there was no global economic meltdown for the super rich.
 
2013-02-20 08:17:19 AM
The global economy did not melt down, it was hoovered up.
 
2013-02-20 09:42:33 AM
Well, in 2011 more than 100% of all income gains went to the top 1 or 2%.  As long as the rich are getting richer, it doesn't matter that the poor are getting poorer.

/until the rich remember that they need to poor to be "aggregate demand"
 
2013-02-20 09:46:03 AM
It was only a economic downturn for about 90% of us, submitter.
 
2013-02-20 09:49:37 AM
1%-ers need to get to the gym in 26 minutes regardless of the bad economy.
 
2013-02-20 09:55:21 AM
I don't know because there was no c)

so, without reading the article...what is the real answer?
 
2013-02-20 10:01:39 AM
Main question...

Why are they showing a pic of a 20 YO Testarossa/512TR with an article about last years sales figures...
 
2013-02-20 10:07:41 AM
I was going to comment on the 1% not losing a dime in the "economic meltdown," but I see that's well covered here.

/carry on.
 
2013-02-20 10:08:50 AM
Don't worry, she'll take care of it:

fubegra.net
 
2013-02-20 10:15:14 AM

oldfarthenry: 1%-ers need to get to the gym in 26 minutes regardless of the bad economy.


I wonder what Mr. Page is driving these days? We haven't heard from him for a long time....
 
2013-02-20 10:20:41 AM
That's the main problem with trying to stimulate this economy:  everything is designed to funnel money to the top very efficiently.
 
2013-02-20 10:30:14 AM

SnarfVader: That's because there was no global economic meltdown for the super rich.


the Wealth Gap gets larger with time.  that is what happens when Captialism operates unchecked by a democratically elected government.

the rich get richer at everone else's expense.  they take more and more of the wealth that the other 98% produce.

and they call it Freedom.

ain't Freedom great!

course, when the wealth gap gets too big, then you likely have Revolution.  especially in an armed society.
 
2013-02-20 10:32:03 AM

Incontinent_dog_and_monkey_rodeo: That's the main problem with trying to stimulate this economy:  everything is designed to funnel money to the top very efficiently.


and the Owners like it that way.  they've built the system and it works exceedingly well.  they even have the gall to call it Democracy when in actuality, its Plutocracy - rule by the rich.
 
2013-02-20 10:34:31 AM
well, at least some of these lazy lizard wealthy guys can get laid now.  without the Ferrari, they wouldn't have a chance.  Ferraris have pussy magnets built in, you know.
 
2013-02-20 10:48:57 AM
There's no recession. Yacht sales have been fantastic.
 
2013-02-20 10:50:40 AM
Job Creators doin' their thang.
 
2013-02-20 10:51:50 AM

HMS_Blinkin: Well, in 2011 more than 100% of all income gains went to the top 1 or 2%.  As long as the rich are getting richer, it doesn't matter that the poor are getting poorer.

/until the rich remember that they need to poor to be "aggregate demand"


More than 100%?
 
2013-02-20 11:04:55 AM
I don't get it and I never will. The attraction to 100k plus sports cars I mean. I mean hell, I like nice things too. And I enjoy fine engineering. But the way some dudes just dream and drool over these things is a complete mystery to me. Seriously, if I won one tomorrow I wouldn't even be moved to sit in it once before I sold the thing.
 
2013-02-20 11:19:07 AM
If everyone had the wherewithal to start their own super-car company with decades of pedigree and reputation, then we wouldn't be in this mess.
 
2013-02-20 11:19:44 AM
done in the boobies.
 
2013-02-20 11:22:53 AM
Money is cheap right now, but you have to be rich to get it.
 
2013-02-20 11:23:20 AM

ScouserDuck: HMS_Blinkin: Well, in 2011 more than 100% of all income gains went to the top 1 or 2%.  As long as the rich are getting richer, it doesn't matter that the poor are getting poorer.

/until the rich remember that they need to poor to be "aggregate demand"

More than 100%?


Yes.  The 98% lost income in 2011.
 
kab
2013-02-20 11:35:07 AM
And that's because economies trickle UP, not down.   Anyone who thinks otherwise is deluding themselves.
 
2013-02-20 11:35:17 AM

JohnBigBootay: I don't get it and I never will. The attraction to 100k plus sports cars I mean. I mean hell, I like nice things too. And I enjoy fine engineering. But the way some dudes just dream and drool over these things is a complete mystery to me. Seriously, if I won one tomorrow I wouldn't even be moved to sit in it once before I sold the thing.


Because racecar
 
kab
2013-02-20 11:45:10 AM

JohnBigBootay: I don't get it and I never will. The attraction to 100k plus sports cars I mean. I mean hell, I like nice things too. And I enjoy fine engineering. But the way some dudes just dream and drool over these things is a complete mystery to me. Seriously, if I won one tomorrow I wouldn't even be moved to sit in it once before I sold the thing.


They generally represent the pinnacle of road-legal auto engineering, which is why they're so highly regarded.  The reality is that for most of the folks that own them, the cost isn't even a factor (when you make millions per year, 150k on a car isn't something you're losing sleep over).

True cost of ownership is probably another story though, and I'm sure being a long term owner has more than it's share of headaches and annoyances.
 
2013-02-20 11:57:06 AM
Don't worry everyone, I'm sure we're going to see the trickledown of these Ferrari purchases soon.
 
2013-02-20 12:25:50 PM

Linux_Yes: SnarfVader: That's because there was no global economic meltdown for the super rich.

the Wealth Gap gets larger with time.  that is what happens when Captialism operates unchecked by a democratically elected government.

the rich get richer at everone else's expense.  they take more and more of the wealth that the other 98% produce.

and they call it Freedom.

ain't Freedom great!

course, when the wealth gap gets too big, then you likely have Revolution.  especially in an armed society.


Gun bans, and gun control efforts in general, explained in one sentence.

Very nicely done!
 
2013-02-20 12:43:50 PM

kab: True cost of ownership is probably another story though, and I'm sure being a long term owner has more than it's share of headaches and annoyances.


Agreed. I'd just feel a duty to keep it perfect and I have no desire to be that guy. If I can't take my dog and spill shiat in there I don't see the point in owning one.
 
2013-02-20 01:14:42 PM

Basily Gourt: Linux_Yes: SnarfVader: That's because there was no global economic meltdown for the super rich.

the Wealth Gap gets larger with time.  that is what happens when Captialism operates unchecked by a democratically elected government.

the rich get richer at everone else's expense.  they take more and more of the wealth that the other 98% produce.

and they call it Freedom.

ain't Freedom great!

course, when the wealth gap gets too big, then you likely have Revolution.  especially in an armed society.

Gun bans, and gun control efforts in general, explained in one sentence.

Very nicely done!



Except for that little part about the party favoring the revolutions is opposed to anybody but the one's in charge of putting revolutions down havnig guns.  The one's in favor of the status quo are in favor of the weapons of revolutions being in the hands of the people most likely to revolt..
 
2013-02-20 01:27:55 PM

JohnBigBootay: kab: True cost of ownership is probably another story though, and I'm sure being a long term owner has more than it's share of headaches and annoyances.

Agreed. I'd just feel a duty to keep it perfect and I have no desire to be that guy. If I can't take my dog and spill shiat in there I don't see the point in owning one.


Yeah, i've been thinking long anad hard about a 911 Turbo since it's been my dream car for a while. But then I realized I have no decent place to put it. I could just park it in my driveway but it'd be stolen in a month I'm sure. I could put it in my garage but the garage floods in hardcore rain + my kid's turn put the garage in a constant state of flux so there's no doubt it will get scratched. All in all, owning it just isn't worth the headache for me right now.
 
2013-02-20 01:29:31 PM

12349876: ScouserDuck: HMS_Blinkin: Well, in 2011 more than 100% of all income gains went to the top 1 or 2%.  As long as the rich are getting richer, it doesn't matter that the poor are getting poorer.

/until the rich remember that they need to poor to be "aggregate demand"

More than 100%?

Yes.  The 98% lost income in 2011.


media.tumblr.com
 
2013-02-20 02:14:50 PM

Ishkur: There's no recession. Yacht sales have been fantastic.


Exactly. My friend is a yacht broker who sells million-dollar plus yachts.

He's already sold 6 so far this year.
 
2013-02-20 02:23:11 PM

Lost Thought 00: If everyone had the wherewithal to start their own super-car company with decades of pedigree and reputation, then we wouldn't be in this mess.


Bootstraps!
 
2013-02-20 02:23:35 PM

chasd00: Yeah, i've been thinking long anad hard about a 911 Turbo since it's been my dream car for a while. But then I realized I have no decent place to put it. I could just park it in my driveway but it'd be stolen in a month I'm sure. I could put it in my garage but the garage floods in hardcore rain + my kid's turn put the garage in a constant state of flux so there's no doubt it will get scratched. All in all, owning it just isn't worth the headache for me right now.


Ha. I eventually reached the same conclusion with a vw van I had. I absolutely loved driving the thing. But I felt such a responsibility to restore it perfectly and keep it nice it was sort of like having a yacht. I often found myself wishing I had a much shiattier vw van so I sold it.
 
2013-02-20 02:32:01 PM

kab: JohnBigBootay: I don't get it and I never will. The attraction to 100k plus sports cars I mean. I mean hell, I like nice things too. And I enjoy fine engineering. But the way some dudes just dream and drool over these things is a complete mystery to me. Seriously, if I won one tomorrow I wouldn't even be moved to sit in it once before I sold the thing.

They generally represent the pinnacle of road-legal auto engineering, which is why they're so highly regarded.  The reality is that for most of the folks that own them, the cost isn't even a factor (when you make millions per year, 150k on a car isn't something you're losing sleep over).

True cost of ownership is probably another story though, and I'm sure being a long term owner has more than it's share of headaches and annoyances.


With some of the very cream of the crop (or even classic exotics), they aren't even really bought as vehicles. They transcend regular transportation. They're not just cars, they can be works of art that you can drive. A Ferrari 250 GTO, as a vehicle, isn't worth tens of millions of dollars. But they're highly desired, and as rolling collectible art, sure, they may be worth $25-35m.

There aren't that many supercars driven as daily transportation. Sure, some can be, but many of them only have a few thousand miles on the odometer. They aren't purchased to be driven daily, they're purchased to be owned. Much as any other collection item is bought for that purpose... you don't buy a baseball with Babe Ruth's autograph on it for catch. You buy it to have it.
 
2013-02-20 02:32:13 PM
 
2013-02-20 02:36:01 PM
I'll add that I have driven a six figure sports car on a track- an Audi R8 V10.

The sheer experience is amazing. The capabilities of those cars is so far beyond what we normally think of as good that you can't fathom it without experiencing it. Going foot to the floor and having over 500HP explode behind you while snapping off shifts in less than a second is just something that you don't get short of anything else in the same class. It took all day for the stupid grin to leave my face.

The thing is, such vehicles aren't really a good idea for everyday driving. If you dropped me off at the nearest dealer of such vehicles with $200K in my pocket I'm not even sure that I'd buy one. But if I had millions upon millions of dollars and could buy the things by the dozen while building new garage space without a glance at the checkbook, sure. I could see owning several of those things. But they'd represent less an investment of my total value than my Jeep does now. It's just a completely different way of thinking... if you can do it, it must be nice.
 
2013-02-20 02:50:53 PM
There are sports car owners and there are sports car drivers.  The reality is to use something like a Ferrari, Lambo, R8, GT500, ZR1, etc to its full potential you need to spend some time in driving school and then play with it on a track.  For a certain subset of people this is their main hobby and worth it.  For others they buy it as a status symbol and promptly wreck it (The GT500 was dubbed the "stockbroker killer" due to its popularity with that crowd and the frequency of their wrecks).

For street driving, once you hit a certain performance point you're mostly just pissing your money away.  I like my CTS-V for dealing with dickhole truckers that play passing games, as the minute a gap opens up I can hit the pedal and be through it, but really most of the time that engine is just cruising along under 2k RPM and sucking gas.  My Grand Prix GXP with its 303 horse can do the exact same thing.

/of course the Prix steers like a biatch on the track, while the V doesn't
//if I reach the point where the steering difference becomes noticeable on the highway I am engaged in both illegal and stupid activity
 
2013-02-20 02:51:37 PM
The number one market in the country is  California Silicone Valley, New York City Greedy Walstreet, Houston Oil Tycoons, Washington, DC Bureaucrats.

Tax Dollars well spent!!
www.thelibertyvoice.com
 
2013-02-20 03:22:27 PM

Linux_Yes: the Wealth Gap gets larger with time. that is what happens when Captialism operates unchecked by a democratically elected government


Interest on banked money alone is enough to upset you to derp. No need to drag unchecked capitalism into this.
 
2013-02-20 03:23:42 PM

ha-ha-guy: For street driving, once you hit a certain performance point you're mostly just pissing your money away.


I agree with you here. My wife has an Infiniti G37x. 324HP or somesuch. You tromp the pedal at any speed and you're gone... more than a couple seconds of serious acceleration and you're at Ludicrous Speed. When that little sedan will blow past people so fast they think "That guy has gone to PLAID," well, what more do you need?

The superfast stuff would be fun but for regular use they're just cooler looking and less comfortable. In my aforementioned Audi R8 example, the buyer could probably get a V8 version, save $40,000 or so, and never notice any actual difference on the street.

Once you're at 300HP or so in a regular passenger car you've got more power than you're really going to be using.
 
2013-02-20 03:29:08 PM

12349876: ScouserDuck: HMS_Blinkin: Well, in 2011 more than 100% of all income gains went to the top 1 or 2%.  As long as the rich are getting richer, it doesn't matter that the poor are getting poorer.

/until the rich remember that they need to poor to be "aggregate demand"

More than 100%?

Yes.  The 98% lost income in 2011.


This response is clown shoes.
 
2013-02-20 03:47:17 PM
Has*
 
2013-02-20 04:22:54 PM

SnarfVader: That's because there was no global economic meltdown for the super rich.


Not true, the median home value fell to 900K. 900k! Oh the humanity! Why only recently has it recovered to 1.2M

pics4.city-data.com
/I know someone in LG who lives in a small 2BR townhome, they are selling and will probably get 850k
 
2013-02-20 04:26:30 PM
Given that the top 1% is seeing huge gains; I'm gonna say record high...
 
2013-02-20 04:49:11 PM

akula: ha-ha-guy: For street driving, once you hit a certain performance point you're mostly just pissing your money away.

I agree with you here. My wife has an Infiniti G37x. 324HP or somesuch. You tromp the pedal at any speed and you're gone... more than a couple seconds of serious acceleration and you're at Ludicrous Speed. When that little sedan will blow past people so fast they think "That guy has gone to PLAID," well, what more do you need?

The superfast stuff would be fun but for regular use they're just cooler looking and less comfortable. In my aforementioned Audi R8 example, the buyer could probably get a V8 version, save $40,000 or so, and never notice any actual difference on the street.

Once you're at 300HP or so in a regular passenger car you've got more power than you're really going to be using.


Yeah I've started to come around to the idea that, for you average driver, the money is better spent on luxury and comfort than performance.
 
2013-02-20 05:46:44 PM

chasd00: Yeah I've started to come around to the idea that, for you average driver, the money is better spent on luxury and comfort than performance.


This.

As far as performance is concerned:

Can I accelerate from 0 to freeway speed in the length of an onramp?
Can I stop from 40 MPH in under 2 seconds in the rain, because of red light cameras?
Can I see the stoplight if I'm on the white line?  (6'4" with a big torso.  I'm in a Chrysler 200 because it was the only car on the lot for which the answer was "yes").

Beyond that, let's get some comfy power seats, a well-designed interior, a big gas tank so I don't have to fill up every hundred miles (MPG's just suck in a car that's big enough for me and that's a thing),good air-cond, some extra cigarette lighters for the phone, the radar detector and the dash cam, and maybe a sat nav.

/Can anyonerecommend a good battery-powered dashcam?  I'm out of cigarette lighters in the car, and there's no USB port.
 
2013-02-20 06:35:30 PM

jst3p: SnarfVader: That's because there was no global economic meltdown for the super rich.

Not true, the median home value fell to 900K. 900k! Oh the humanity! Why only recently has it recovered to 1.2M

[pics4.city-data.com image 520x372]
/I know someone in LG who lives in a small 2BR townhome, they are selling and will probably get 850k


Ha. Been there. That place has to be the model for the stepford wives.
 
2013-02-20 07:20:34 PM

chasd00: Yeah I've started to come around to the idea that, for you average driver, the money is better spent on luxury and comfort than performance.


Heated and ventilated seats get a farkload more use out of me than an extra 100HP would.
 
2013-02-20 07:34:56 PM

meyerkev: Can I accelerate from 0 to freeway speed in the length of an onramp?


Well if your spec is the Barton Drive ramp to US-23, that's going to end up requiring 500 lb/ft of torque.

/wtf is up with that one MDOT?
//for those that don't know it, it is basically a stop sign, 30 feet of on ramp, and then the freeway
 
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