Porsche 911 GT3 RS increases in value... while this owner loses €173,000 on his Ferrari SF90 Stradale

The Ferrari SF90 Stradale, Maranello's technological showcase, has just reminded us that a supercar with almost 1,000 horsepower is not necessarily an investment. Quite the contrary, in fact. The proof is in this 2022 model, recently sold in the United States. Priced from new at $567,609, this Ferrari SF90 Stradale finally found a buyer for $363,000 on Bring a Trailer. The calculation is brutal: its owner left $204,609 in the process. Converting the order of magnitude into euros, this represents a loss of around €173,000. A staggering sum for a car that remains, on paper, one of the most attractive on the market. Ferrari of recent years.

A Ferrari with 1,000 hp, but an almost “ordinary” car discount”

Technically, the SF90 Stradale is anything but ordinary. Its 4.0-liter twin-turbo V8, combined with three electric motors, develops a combined output of 1,000 hp. The eight-speed dual-clutch automatic transmission sends this cavalry to all four wheels, with a 0 to 100 km/h time of 2.5 seconds, a 0 to 200 km/h time of 6.7 seconds and a top speed of 340 km/h.

We're talking about a Ferrari with near-Hypercar performance. A car capable of humiliating almost all the world's cars, with the added bonus of rare technical sophistication, Formula 1-inspired active aerodynamics and an impressive arsenal of electronics. And yet, the second-hand market has given it a severe penalty.

It should also be pointed out that this SF90 Stradale, sold for $363,000, was by no means an “entry-level” configuration. The car was presented in Grigio Titanio Metallizzato with a Nero DS roof, an already visually appealing combination. The interior featured heated and electrically adjustable bucket seats in Bordeaux leather, as well as numerous carbon accents.

The equipment was worthy of its status. These included adaptive LED AFS headlamps, Scuderia Ferrari badges on the fenders, carbon-fiber body panels, 20-inch forged wheels, Michelin Pilot Sport Cup 2 tires, carbon-ceramic brakes with yellow calipers, a suspension lift system, JBL audio system, navigation, dual-zone automatic climate control, not to mention a head-up display. Not an insignificant detail, since the SF90 was the first Ferrari to offer this technology as an option.

In other words, this was neither a poorly equipped car nor one with a problematic history. The Carfax report was clean, with no accidents or damage reported, and the car was sold with its manuals and maintenance records.

Mileage, the prime suspect

Of course, this Ferrari was no cloche. Its owner, who had bought it new, had single-handedly covered the 19,000 posted miles, or just over 30,000 kilometers. At this price level, this mileage is not neutral. In the recent supercar market, a few thousand kilometers can be enough to change the perception of a model.

But even taking this into account, the discount remains spectacular. All the more so as maintenance seemed to be kept up. This reinforces the idea that mileage doesn't explain everything. It plays a role, of course, but it's not enough on its own to justify such a wide gap between new price and resale value.

Ferrari SF90 caught in the grip of its own family?

The SF90 Stradale may be suffering from a deeper problem: it's no longer alone at the top, as it may have been at the time of its launch.

Since then, Ferrari has expanded and muscled its range. And the 296 GTB, in particular, has reshuffled the deck. More compact, more recent in the public mind, and already extremely high-performance, it has undoubtedly blurred the SF90's positioning on the second-hand market. For a buyer ready to invest several hundred thousand euros in a modern Ferrari hybrid, the hierarchy is less clear-cut than before.

The SF90 remains objectively more powerful, more demonstrative, more technological. But in the realm of pure desire, novelty and versatility, the 296 GTB has established itself with unexpected force. As a result, the great Ferrari hybrid with V8 engine and all-wheel drive seems almost a victim of the excellence of the rest of the range.

A sale that speaks volumes about the current market

In the comments on the auction, several observers spoke of an excellent deal for the buyer, some going so far as to call it “the cheapest SF90 on the market”. Others summed up the situation ironically: you lose around $200,000, whether you drive the car... or not.

This is probably the real lesson of this sale. Ferrari remains Ferrari: prestige, performance, image, exclusivity. But not all Ferraris follow the same trajectory on the secondary market. Some become objects of speculation. Others, even exceptional ones, simply revert to being luxury cars that are very expensive to depreciate.

At its heart, this SF90 Stradale auction reminds us of a simple truth that the market loves to bring back to the table: a car's value does not depend solely on its power, new price or performance. It also depends on its place in the collective imagination, its perceived rarity, its position in the range, and the moment it arrives on the market.

The Ferrari SF90 Stradale remains an extraordinary machine. But this sale shows that extraordinary doesn't necessarily mean untouchable at resale. While some Porsche 911 GT3 RSs continue to make collectors salivate, with prices now topping 400,000 $ across the Atlantic, this Ferrari SF90 Stradale at 363,000 $ is a reminder that a modern supercar, even one by Maranello, can lose a fortune in just a few years.