The new Corvette C8 is about the hit the streets and I’ve heard lots of opinions on how this will affect the Ferrari value and market. After digging around on the internet I have come to the conclusion that the C8 will probably have little to no effect on Ferraris. Why?
Ultimately you have to remember that Ferraris are irrational purchases. The Corvette is somewhat practical and at a price point at which people do not consider it to be in the same classification. The people who want to buy a Ferrari aren’t generally concerned with getting a good deal, so the difference in price is irrelevant. Ultimately, if you want to buy a Ferrari, it’s because it’s a Ferrari.