I received an email from CMC saying they are closing their USA offices and January 31, 2024 will be their last day in operation. They will still have their overseas offices and any pre orders still pending will be transferred to their overseas offices.Â
I have a Ferrari on pre order that is supposed to be released this month December 2023.Â
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Here is the emailÂ
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Hmm, are there any existing in stock models going to be discounted ? 😇
Hmm, are there any existing in stock models going to be discounted ? 😇
Sounds like they are just cutting cost.
...I agree, sounds like cost cutting. I see no hobby-slow-downs anywhere, really.... therefore, I'm a bit surprised by this apparently, necessary move. At the end of the day, of course, this IS a business and remaining fiscally sound is paramount.Â
I think that this is just another indication that the demand for what they sell is dwindling in the US as their prime collectors age and newer collectors have less interest in older cars - particularly at their price point. For example, I have ten Ferrari 250 GTO's. I don't need another one at CMC's current price especially considering that I have two of their 250GT SWB models that have the same level of 'under the body shell' as the new cars. It's a shame they weren't building the GTO's instead of the SWB models back in 2005.
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