Ferrari vs. Lamborghini SalesWhy does a Ferrari always seem to make the top collector car of the period while the Lamborghini never quite makes it?
From the US market perspective both manufacturers are considered European Super Cars, or more specifically Italian Sports Cars, but if your watch the Pebble Beach auctions, Ferrari dominates the record breaking prices paid. Whether it’s a 250 GTO, a Daytona or a F40, Ferrari cars bring big bucks while the Miura, Countach and Diablo just hang right in in there, but fail to make the record sales.
National Race ColorsIt’s not a coincidence that Italian race cars are red. Since the early days of racing, national race teams identified their nationality by their colors.
Obviously Italian Cars are Rosso Corsa or ‘Race Red’. Alfa Romero, Maserati, Ferrari and Lamborghini national race teams will be painted red, While English cars will be British Racing Green and German cars are Silver or White US Race teams race in White and Blue colors these are the color established by the FIA.
Car Accident Diminished Value Appraisal in the ValleyThe other day I was called up by a client in Sherman Oaks, California that had been in an accident in their late model Volvo SUV. They were told by their insurance agent that since the car had been in the accident, even though the car had been completely repaired by an authorized repair facility, the car is worth less than had it not been in an accident. As it was explained to the client the car would be reported on the car fax and when they decided to sell it, the value would be diminished and not be able to be sold as a Certified Pre-Owned (CPO) and won’t be sold on the dealers lost. They called me to tell me this story and ask me if I could help them with an appraisal for their Volvo. I said, of course I can, appraisals are our business. So I made an appointment and went to see the vehicle. Upon arriving I looked at the car and asked for the repair order to establish the severity of the damage. When I asked for that, I was asked if I wanted the report from the first accident or the current accident.