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The 1% Don't Feel The Weather: Ferrari Posts Record Sales In US; Doubled In Jan

Tyler Durden's picture




 

First Mercedes, then Porsche, and now Ferrari and Maserati post record US sales in January...

  • *FERRARI POSTS RECORD SALES IN U.S. AND U.K. IN 2013
  • *FERRARI AND MASERATI GLOBAL MORE THAN DOUBLE IN JAN TO 2,400

...a month where the non-1%-auto-makers struggled mightily. Of course, the latter missed expectations are blamed on weather (as opposed to dealer inventories stuffed at record levels, a replacement cycle that has run its course, or a consumer that is once again credit-tapped out). So, the clear findings from this is that the 1% - who are buying more luxury cars than ever before in January - clearly don't feel the weather...

 

 

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Tue, 02/18/2014 - 23:31 | 4451269 bania
bania's picture

Handles great in the snow

Tue, 02/18/2014 - 23:34 | 4451279 H H Henry P P P...
H H Henry P P P Paulson's picture

Hopefully the 1% wraps it around a tree trunk as it's what seems to be the common outcome of ownership.

Tue, 02/18/2014 - 23:38 | 4451294 James_Cole
James_Cole's picture

Don't let the nice toys fool you, these guys are an oppressed bunch. Hard out there for the uber rich, one might even compare their treatment to the Kristallnacht. 

Tue, 02/18/2014 - 23:41 | 4451304 Timmay
Timmay's picture

Hand me the keys to that oppression any day.

Tue, 02/18/2014 - 23:43 | 4451314 balolalo
balolalo's picture

they buy their own weather

Tue, 02/18/2014 - 23:59 | 4451369 Ness.
Ness.'s picture

What color did fonestar choose? 

Wed, 02/19/2014 - 00:25 | 4451441 Skateboarder
Skateboarder's picture

Bitcoin Beige.

Wed, 02/19/2014 - 03:04 | 4451623 Dre4dwolf
Dre4dwolf's picture

I was thinking more a Doge Brown.

Wed, 02/19/2014 - 07:06 | 4451779 negative rates
negative rates's picture

That thing is stupid, this is real though!

http://www.youtube.com/watch?v=GXE_n2q08Yw

Wed, 02/19/2014 - 08:22 | 4451845 HyBrasilian
HyBrasilian's picture

piss yellow with puke green upholstery [now it goes with the 'GrrAnimals' ensemble that his mom picked out for him]...

 

Wed, 02/19/2014 - 08:54 | 4451921 Richard Chesler
Richard Chesler's picture

Bundling for Obozo has its priviledges.

Wed, 02/19/2014 - 03:50 | 4451666 giggler321
giggler321's picture

Obvious from places in trouble like Argentina where BMW sales doubled as people get out of cash into something tangible.  If you can't afford a house and metal's + BTC seem so alien, what does the Joe average turn to?  Ofcourse it's the next thing sold to him in his life as desirable - expensive automobiles.  That or BTC nerds really hate cars and metal.

Wed, 02/19/2014 - 02:15 | 4451585 drstrangelove73
drstrangelove73's picture

Duh,I want a cool tesla -in orange

Wed, 02/19/2014 - 00:11 | 4451404 Lumberjack
Lumberjack's picture

Carbon offsets. You should see how they are insuring their seaside McMansions... Here in Ma, they are expanding flood zones way inland to increase flood insurance rates and are using West Coast (pacific) data for the Atlantic.

Wed, 02/19/2014 - 00:22 | 4451420 Lumberjack
Lumberjack's picture
  • Coastal experts say FEMA cut corners on flood mapping

http://www.patriotledger.com/article/20131210/News/312109738

 

  • Independent coastal experts who reviewed Marshfield’s flood insurance data say the federal government used wave methodology better fit for the Pacific coast in drafting new flood maps, therefore likely over-predicting the flooding that would occur in a 100-year storm for much of the state.

Wed, 02/19/2014 - 02:11 | 4451580 Seer
Seer's picture

"likely" - hm, I wonder what this means on a numerical scale?

Don't pay attention to all the "this is the second 100yr <event> in the past decade" kind of things...

Play with fire and you get burned.

Play with water and you're going to get wet.

Insurance is a scam (and from it rose the nice snooping agencies we've come to know and love).  Did I say that if you play with FIRE you're going to get burned?

Tue, 02/18/2014 - 23:35 | 4451283 HedgeAccordingly
HedgeAccordingly's picture

YEah well it does handle great in the snow.. the all wheel drive version...

 

$EBAY CEO John Donahoe: EBay, PayPal Most Successful Together | http://hedge.ly/1jPjjrG

Tue, 02/18/2014 - 23:39 | 4451298 ziggy59
ziggy59's picture

The butler has to wait in the snow to buy the car...

Tue, 02/18/2014 - 23:40 | 4451300 LetThemEatRand
LetThemEatRand's picture

Thank God for bridges.

Tue, 02/18/2014 - 23:46 | 4451301 Dr. Engali
Dr. Engali's picture

It's too bad they looted the nation and the infrastructure is falling to shit leaving no place to drive the thing. It is a sweet looking car though.

Tue, 02/18/2014 - 23:54 | 4451355 LetThemEatRand
LetThemEatRand's picture

Once was a guy could buy one of these and evoke jealousy instead of abject anger.

Wed, 02/19/2014 - 02:13 | 4451581 Seer
Seer's picture

Why my two favorite vehicles (that I own) are 4x4s... not that they'd go fast, but they'd more than likely get out the other side of the pot hole.

Wed, 02/19/2014 - 19:38 | 4454848 Absinthe Minded
Absinthe Minded's picture

I've got a older ML55 AMG that I picked up cheap because the guy's mother in law used it for a year and scratched the shit out of it going in and out of the garage. Tell ya what, that thing pulls hard if it's dry, wet, snow, sleet whatever. Definitely a beast that goes through anything and I would put it against any of those new jeeps.

Tue, 02/18/2014 - 23:41 | 4451307 stant
stant's picture

like the wifes china , just for lookin at

Tue, 02/18/2014 - 23:44 | 4451316 LetThemEatRand
LetThemEatRand's picture

like the china wife, just for lookin at.

Tue, 02/18/2014 - 23:43 | 4451315 Spitzer
Spitzer's picture

My Corvette can waste most of this WOP shit.  

 

They are decent cars as long as you carry a 20 pound fire extinguisher with you..

 

Wed, 02/19/2014 - 02:14 | 4451584 Seer
Seer's picture

Yeah, a penis car.  Figures...

Wed, 02/19/2014 - 09:39 | 4452049 Spitzer
Spitzer's picture

Queer

 

Trucks are the new infiriority mobiles. Sports cars havn't been for a long time

Tue, 02/18/2014 - 23:44 | 4451319 seek
seek's picture

Now available in Riot Target RedTM

Tue, 02/18/2014 - 23:49 | 4451341 therover
therover's picture

Does it come with an optional bullseye ?

Wed, 02/19/2014 - 01:09 | 4451506 Bunga Bunga
Bunga Bunga's picture

The 1% should hide their turbo-rides well when times are getting turbo-lent.

Wed, 02/19/2014 - 07:22 | 4451789 disabledvet
disabledvet's picture

well...now we all know what the war was about at least.

"junior's got a Ferrari and for little sister...well, lat me think about that."

I did here Big Dennis spouting off about nat gas at 7 bucks yesterday. "What's a bit of war profiteering between friends."

Yep...it was the Middle Class that started this war. Darn right we're gonna blame them. They wanted to own a home and borrow against it. If that's not criminal behavior I don't know what is.

Wed, 02/19/2014 - 02:16 | 4451588 Seer
Seer's picture

LOL!

I'd instructed my ex to watch out for what she replaces the old car with, not to get anything that stands out.

I'm driving 20+ year-old vehicles.  Nothing says trailer-trash (non-target) more than what I drive :-)

Wed, 02/19/2014 - 09:58 | 4452115 Urban Redneck
Urban Redneck's picture

I hope your wife is better trained, or has more common sense, than mine. She went out and bought a shiny red Mercedes. Fortunately, it's a slow compact A series (basically a 5-door SMART). Which works because, she can't parallel park and her high heals do some weird thing with the floor mats whereby I'm paying more in speeding tickets each year than the damn car actually cost.

But even here in zero-crime billionaire-ridden Switzerland that car occasionally incurs some childish wrath, but it has actually been broken into far less than her previous 1994 Opal beater. So I think keeping the interior free of trash, baggage, extra clothing, shopping bags, etc, is also critically important to avoiding unwanted attention.

Tue, 02/18/2014 - 23:47 | 4451332 Jayda1850
Jayda1850's picture

Thanks alot Ben Shalom, YOU FUCKING DICK! 

Tue, 02/18/2014 - 23:50 | 4451342 Spastica Rex
Spastica Rex's picture

The economy is fine.

If you count.

Tue, 02/18/2014 - 23:51 | 4451347 Shrapnel
Shrapnel's picture

I'd take an F-40 over any of the current line. Raw, stupid fast, no glitzy bullshit.

Wed, 02/19/2014 - 07:27 | 4451796 disabledvet
disabledvet's picture

Best car I have ever drove was an Audi A3 (rental.) Turbo diesel four cylinder on the autobahn...cruising at 130 mph.

These "uber autos" would pull up next to me...give a nod...then hit the throttle and get up to 160 "just like that." Still...I had the better car.

Where's your Ferrari after putting 450,000 miles on the thing?

Tue, 02/18/2014 - 23:54 | 4451349 Dr. Engali
Dr. Engali's picture

Let's see the poor get Obamaphones and snap as their transfer payment, and the 1% get ObamaFerraries and Zirp as theirs. Somebody is getting the better end of the deal...... And it's not us schlubs in the middle.

Wed, 02/19/2014 - 07:35 | 4451806 Grouchy Marx
Grouchy Marx's picture

Schlubs have a great deal; they are allowed to vote for the self serving candidates of their choice, have the satisfaction of supporting the lifestyles of the rich and famous through their taxes, as well as helping countries and immigrants around the world make better lives for themselves, and allowed to have just enough bread and circus to keep them pacified. What's not to like? 

Tue, 02/18/2014 - 23:52 | 4451350 LetThemEatRand
LetThemEatRand's picture

The world needs Ferrari waxers, too.

Tue, 02/18/2014 - 23:58 | 4451367 Goatboy
Goatboy's picture

Right! Golden rain of job creation.. so again, its about the weather.

Wed, 02/19/2014 - 00:03 | 4451378 williambanzai7
williambanzai7's picture

Wall Street bonus month of course.

Wed, 02/19/2014 - 00:06 | 4451387 LetThemEatRand
LetThemEatRand's picture

Wall Street bone us month.

Wed, 02/19/2014 - 00:14 | 4451408 Goatboy
Goatboy's picture

Wall Street bone us mouth?

Wed, 02/19/2014 - 01:29 | 4451537 Mrs. Haggy
Mrs. Haggy's picture

Ball street?

Wed, 02/19/2014 - 01:53 | 4451562 Agent P
Agent P's picture

I buy the Ferrari.  I drive to my posh investment banking job.  I jump off the building.  That's how I roll. 

Wed, 02/19/2014 - 00:05 | 4451380 chump666
chump666's picture

The Fed's army better recruit. 

"Officers are certified to carry a variety of weapons systems (depending on assignment) including semi-automatic pistols, assault rifles, submachine guns, shotguns, less-lethal weapons, pepper spray, batons and other standard police equipment. Officers also wear bullet resistant vests/body armor.

Because the Federal Reserve System is independent of the Federal Government, system Law Enforcement officers have a benefit system separate from, but similar to, public federal employees. Each district has a different pay scale based on the local cost of living index and market studies, which provide comparable compensation packages to other public law enforcement police officers. System officers also benefit from contributing to social security, in addition to being provided a fully paid defiend pension plan.

On October 12, 2010 President Barack Obama signed into law S.B. 1132 the "Law Enforcement Officers' Safety Act Improvements Act", which states that law enforcement officers of the Federal Reserve are "qualified law enforcement officers" and thus are authorized to carry a firearm off-duty. This update to the Law Enforcement Safety Act, among other aspects, clarified that Federal Law Enforcement Officers working for Amtrak and the Federal Reserve (not funded by Congress) are specifically granted the same rights as publicly funded law enforcement officers as it relates to off duty concealed carry."

http://en.wikipedia.org/wiki/Federal_Reserve_Police

 

Wed, 02/19/2014 - 02:20 | 4451591 Seer
Seer's picture
Cosponsors
3 cosponsors (2R, 1D) (show) Kyl, Jon [R-AZ] (joined Jun 01, 2009) Sessions, Jefferson “Jeff” [R-AL] (joined Jul 06, 2009) Conrad, Kent [D-ND] (joined Sep 22, 2009)
Wed, 02/19/2014 - 00:08 | 4451392 RaceToTheBottom
RaceToTheBottom's picture

Tesla's love a screwdriver to the battery and a glass of water....

I have heard that it improves mileage considerably.....

Wed, 02/19/2014 - 02:20 | 4451593 Seer
Seer's picture

Haven't you heard?  NO drinking and driving!

Wed, 02/19/2014 - 00:13 | 4451406 chump666
chump666's picture

"Since the financial crisis and the depths of the recession, substantial progress has been made in restoring the economy to health," said Ms Yellen.

"Still, there is more to do."

http://www.bbc.co.uk/news/business-26136873

Of course.

Wed, 02/19/2014 - 04:16 | 4451687 JR
JR's picture

Of course.

$75,000 Per Household

Laurence M. Vance

That is what Americans will be paying for the disastrous wars in Iraq and Afghanistan, according to a new study from Harvard University. The total cost is now estimated at $4-$6 trillion. According to the report: “Some 1.56 million US troops—56 per cent of all Afghanistan and Iraq veterans—were receiving medical treatment at Veterans Administration facilities and would be granted benefits for the rest of their lives.” The report also reveals that “one out of every two veterans from Iraq and Afghanistan has already applied for permanent disability benefits.”

February 18, 2014

http://www.lewrockwell.com/lrc-blog/75000-per-household/

Wed, 02/19/2014 - 00:16 | 4451413 ebworthen
ebworthen's picture

Yeah, PAX and Polar Vortex doesn't affect Ferrari sales.

Please drive really fast on icy roads you worthless human tapeworms.

Wed, 02/19/2014 - 02:06 | 4451573 ebworthen
ebworthen's picture

What?  Is this a 1% peanut gallery drive Ferrari by -1?

C'mon, add some word to your drive by missive.

It's on my shoulder, knock it off.

Wed, 02/19/2014 - 02:21 | 4451595 Seer
Seer's picture

Yeah, I hate that shit too!  Fucking punks!

Wed, 02/19/2014 - 00:22 | 4451429 Yes_Questions
Yes_Questions's picture

 

 

The 1% Finance a Ferrari.

 

The 0.1% OWN.

 

KISS

 

 

Wed, 02/19/2014 - 00:24 | 4451438 Hilroy
Hilroy's picture

They're all Justin Beiber wannabes

Wed, 02/19/2014 - 00:27 | 4451446 starman
starman's picture

one of my client bought a 2007 Ferrari for 505,005 two weeks ago ! Seriously!

still can't figure out why the 5bucks?

Wed, 02/19/2014 - 01:18 | 4451515 Spitzer
Spitzer's picture

Probably was a spec edition that sold for 1 million new

Wed, 02/19/2014 - 01:50 | 4451558 Agent P
Agent P's picture

"still can't figure out why the 5bucks?"

Previous owner probably just put gas in it.

Wed, 02/19/2014 - 00:37 | 4451458 Catullus
Catullus's picture

Definitely not Chinese oligarchies.

Wed, 02/19/2014 - 00:37 | 4451459 Tegrat
Tegrat's picture

Love these 1% vs the rest sensational stories!

 

Wed, 02/19/2014 - 07:13 | 4451783 sheikurbootie
sheikurbootie's picture

I'm beginning to see the losers haters as being the same as the bitcoin lovers. 

Wed, 02/19/2014 - 07:47 | 4451811 Catullus
Catullus's picture

Yep. It's the Eat the Rich crowd. Losers.

Wed, 02/19/2014 - 07:58 | 4451822 sheikurbootie
sheikurbootie's picture

Yep. It's the Eat the Rich crowd. Losers.

Living in mom's basement effects their loser bitcoin "woe, is me" mind.  It's everyone elses fault they're not rich, successful and have a hot wife.  Guess what...you're not special.  You need to be EXTRAordinary to own an exotic car. 

Now, get your paper hat back on and make someone a sandwich.

Wed, 02/19/2014 - 00:54 | 4451485 Atomizer
Atomizer's picture

The farce is getting harder to sweep under the rug. The inflation-adjusted cost of buying a new super car vs. taxpayer subsidized movie price increases vs. raising US minimum wage increase to offset the empty legacy repayment coffer fund.  Winks

http://www.davemanuel.com/the-cost-of-a-movie-ticket-throughout-the-years-166/

 

Another Enron/Telsa epic failure mode!

Wed, 02/19/2014 - 07:34 | 4451803 disabledvet
disabledvet's picture

meh. You should see what an MRAP goes for these days.

I was thinking of taking one of those to the mall for the weekly milk and egg purchase.

Wed, 02/19/2014 - 01:10 | 4451508 JailBanksters
JailBanksters's picture

These would be bought on Credit NOT Cash, the Creditors know their not going to get paid right...

 

Wed, 02/19/2014 - 01:26 | 4451531 Mrs. Haggy
Mrs. Haggy's picture

Is it as fast as a bullet?

Wed, 02/19/2014 - 01:49 | 4451556 Spungo
Spungo's picture

So does this mean there is not as much cash on the sidelines as we are told? Some of that money wiggled off the field and into a Ferrari dealership.

Wed, 02/19/2014 - 02:20 | 4451592 Mine Is Bigger
Mine Is Bigger's picture

I hate to break it to you, but whoever wrote the headline and the body of this post did not read the source information well.

  • *FERRARI POSTS RECORD SALES IN U.S. AND U.K. IN 2013
  • *FERRARI AND MASERATI GLOBAL MORE THAN DOUBLE IN JAN TO 2,400

Record U.S. sales happened in 2013, not in January.  And January sales doubled "GLOBALLY."  We cannot tell if U.S. sales doubled or halved from the information.

 

Wed, 02/19/2014 - 03:12 | 4451635 Trucker Glock
Trucker Glock's picture

Must be that evil deflation the Ben Bernanke was worried about.  No wonder Detroit is falling apart, everyone is buying Mercedes, Porsche, and Ferrari.  I guess chain CPI works both ways.

Wed, 02/19/2014 - 07:26 | 4451794 Absinthe Minded
Absinthe Minded's picture

I'm sure the new super CEO they just hired for $14 million a year will help turn it around. If not at least she can help out Ferrari now that she can afford one.

Wed, 02/19/2014 - 03:37 | 4451652 Global Observer
Global Observer's picture

I understand people think it is unfair/unjust that the super rich don't feel the pinch the rest are feeling, but practically speaking, wouldn't the super rich not buying stuff only they can buy throw the not-so-rich involved in manufacturing, sales and servicing that stuff out of their jobs?

Wed, 02/19/2014 - 06:48 | 4451761 Trucker Glock
Trucker Glock's picture

Trickle down?  Sounds great.  Except, it's pouring on the roof, but I don't even see a trickle out of the downspout.  I see a slow drip that evaporates before it hits the ground.

 

The uber-rich are handed currency hand-over-fist from central banks and/or their income is not taxed on par with the so-called middle-class courtesy of .gov and expensive attorneys.  Carried interest and low capital gains rate allow people who do absolutely nothing productive grow their wealth through insane financial intruments that probably shouldn't exist outside of Vegas.  Perhaps trickle down works in a free market, but we live amongst sociopaths (banksters, politicians, central banksters, etc.) that will do whatever it takes to prevent free markets.  People call it crony capitalism.  I don't like that name.  You either have capitalism or you don't.  What we have is a kleptocracy or oligarchy.  Capitalism has gotten a bad name over the last several years due to the 2008 crisis.  Capitalism was not the cause of the crisis, nor were sub-prime home buyers.  Central banks, banksters, mortgage lenders, and .gov caused the crisis

 

My opinion, anyway.

Wed, 02/19/2014 - 06:37 | 4451759 Wile-E-Coyote
Wile-E-Coyote's picture

I would love to know what is the average miles a Ferrari has on the clock, I would be surprised if it was over 10K. These cars are bought to be locked away to appreciate like pieces of art, god forbid they are actually driven. They are totally fucking impractical anyway, easy to kerb the front, not to mention speed bumps and ramps. If you park up and leave them anywhere you will find the paint work keyed by some jealous bastard when you get back, and last but not least you need to be an Olympic gymnast to get in and out of one. Mind you when they catch fire you will be surprised how fast you can move no matter how old you are.

Wed, 02/19/2014 - 09:45 | 4452070 Trucker Glock
Trucker Glock's picture

A component of the asset bubbles Jim Grant speaks of?

Wed, 02/19/2014 - 06:55 | 4451771 Remnant_Army
Remnant_Army's picture

Here's some weather for ya:

http://www.youtube.com/watch?v=yX7k7KYkGSE

Bearish for stocks, bullish for conversion.

Here's the Word:

http://www.thewarningsecondcoming.com/messages/all-messages/

“Keep watch! Be careful that no one fools you. Many will come in my name. They will claim, ‘I am the Christ!’ They will fool many people." Mt 24

Wed, 02/19/2014 - 07:43 | 4451810 22winmag
22winmag's picture

When angry stateside mobs go on the rampage with pitchforks and torches, these shiny red cars will make softer and more satisfying targets than APCs.

Wed, 02/19/2014 - 08:21 | 4451847 Peter Pan
Peter Pan's picture

I pity any poor bastard that buys one of these and I mean that sincerely, They worry about going over speed humps, they worry about where they park it in case they get scratched or vandalised, they quite often have problem going down steep driveways or entering driveways. They can't really fit enough luggage if they are going away plus golf bags. And to top it all off you are usually stuck in traffic or subject to a speed limit.

Actually to top it all off, if that's what you have to have to impress a woman, then you really have attracted the wrong woman.

Wed, 02/19/2014 - 09:27 | 4452010 irie1029
irie1029's picture

LOL You are not 1% material.  If you have a super car you valet it.  You quite likely do not live on gravel roads or streets with challenging pot holes or elevation changes.  Luggage meh - your prople valet it from your Citation to the yacht or it is in your other destination property.  Your clubs are stored at the club.    

Wed, 02/19/2014 - 08:58 | 4451929 Coldfire
Coldfire's picture

Bloodmoneymobiles.

Wed, 02/19/2014 - 12:23 | 4452779 rosiescenario
rosiescenario's picture

I'll make an educated guess....at the height of the market in the late 1920's, sales of whatever Ferrari equated auto back then were peaking....

 

Might be interesting to chart then and now car vs market? Guessing a direct correlation....the question is how far in advance of the crash did the auto sales' peak run??

Wed, 02/19/2014 - 13:07 | 4453017 kurt
kurt's picture

I was up in the Hamptons with Buckey last weekend. Drove the newer Ferrari. It was swell. I don't know that I'd go with red though. I might have it painted like the pair of Bengals I just had delivered to my Malibu estate. It won't be my main car, though, and now I have to have a turn-table installed in my garage. Too many toys you know, and turning and backing is such a bore! Taa Taa.

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