Goldman's Ferrari Residual Value Index shows that used Ferrari listing prices remained under pressure in April, down 3.4% year over year. However, analysts noted signs of "stabilization and partial improvements" after a weak second half of 2025.
One notable takeaway from analyst Christian Frenes: Ferrari hybrids are depreciating far faster than their petrol-powered counterparts, suggesting buyers still prefer V-8s and V-12s combustion-engine models. In other words, the used market is sending a very clear signal to Ferrari that its wealthy customer base is not sold on the hybrid era.
The chart below shows a clear divide in the Ferrari market: older, combustion models are holding their value much better than newer hybrid models.
The biggest winners versus the original retail price are:
812 GTS: up about 29.8%
F8 Spider: up about 25.5%
488 Spider: up about 15.7%
Ferrari Roma Spider: up about 14.3%
SF90 Spider: up about 2.8%
The laggards are mostly newer hybrid or less-favored models:
296 GTS: down about 1.4%
296 GTB: down about 7.0%
Ferrari Roma: down about 9.8%
Ferrari Portofino: down about 11.2%
SF90 Stradale: down about 12.2%
The next chart shows that values deteriorated across most model lines over the past year, even for models still trading at a premium to retail. The best-performing cars, like the 812 GTS and F8 Spider, have come off their highs but remain well above their original sticker prices. Meanwhile, hybrid models such as the 296 GTB/GTS and SF90 Stradale have slipped below their original retail prices.
The big takeaway from Goldman is that Ferrari's used-car market is stabilizing, but wealthy customers still prefer V8 and V12 combustion models and continue to shun new hybrids.
On Monday, U.S. Coast Guard Cutter Escanaba’s crew offloaded roughly 7,050 pounds of cocaine valued at over $53 million at Port Everglades, Florida, according to an April 27 statement. The seizures were made following interdictions in the Caribbean Sea and the Eastern Pacific. In addition to Escanaba, other USCG assets and the Joint Interagency Task Force South were involved in the operations.
“The crew’s achievements on this patrol reflect the very best of our service—courage, vigilance, and an unshakeable commitment to protecting the American people,” Escanaba Commander Nicholas Seniuk said.
“Every pound of narcotics kept off our streets represents lives changed, violence prevented, and communities made safer. We couldn’t be prouder of their extraordinary work.”
In an April 23 statement, USCG announced that its Cutter Resolute crew offloaded roughly 2,570 pounds of cocaine valued at more than $19.3 million at Base Miami Beach, Florida, and also transferred six individuals suspected of drug smuggling to authorities.
The seizures were the result of three interdictions in the Caribbean by the crews of USS Billings and Coast Guard Cutter Tahoma, together with other partners.
Combined, the two offloading events involved the seizure of 9,620 pounds of cocaine worth more than $72.3 million.
According to the USCG, more than 511,000 pounds of cocaine were seized last year, which is more than three times the service’s annual average. The agency has also sped up its counter-drug operations in the Eastern Pacific region through Operation Pacific Viper.
“Since launching this operation in early August, the Coast Guard has seized over 215,000 pounds of cocaine and apprehended 160 suspected narco-traffickers. The Coast Guard’s persistent operations and rapid response have denied criminal organizations billions in illicit revenue and prevented the flow of dangerous drugs into American communities,” USCG said.
“Eighty percent of interdictions of U.S.-bound drugs occur at sea. This underscores the importance of maritime interdiction in combatting the flow of illegal narcotics and protecting American communities from this deadly threat.”
Cocaine use is a major issue in the United States. According to an August 2025 report from the Centers for Disease Control and Prevention, cocaine overdose death rates jumped from 4.5 individuals per 100,000 people in 2018 to 8.6 in 2023. Between 2011 and 2023, the number of overdose deaths involving cocaine rose from 4,681 to 29,449 individuals.
Around 2.8 million adults used cocaine in 2021, out of which almost half had a cocaine use disorder, according to a January 22 study published at the National Library of Medicine. Cocaine use has been linked to cardiovascular risk factors.
Military Strikes
The United States has also conducted numerous recent strikes against suspected drug trafficking vessels.
In an April 26 post on X, the U.S. Southern Command said the military conducted a kinetic strike against a boat in the Eastern Pacific, which it said was ferrying drugs. The strike ended up killing three male narco-terrorists.
Earlier, the Southern Command announced a strike on a drug trafficking vessel in the Eastern Pacific on April 24, which resulted in the deaths of two individuals.
Such military strikes have come under criticism. On March 13, the American Civil Liberties Union (ACLU) testified against these strikes at a hearing held by the Inter-American Commission on Human Rights (IACHR).
At the hearing, Jamil Dakwar, director of the ACLU Human Rights Program, said that the United States had launched 45 armed attacks as part of the strikes in international waters as of March 12, killing an estimated 157 individuals.
“The United States has not conducted these strikes pursuant to any congressional authorization, as required under domestic law. Instead, the government has acted unilaterally and in violation of international law on the use of force,” Dakwar said.
In a March 13 statement, Thomas Pigott, a spokesperson for the Department of State, criticized the hearing, saying the IACHR “strayed far outside its mandate and acted beyond its competence” in holding the event.
The United States called on the IACHR to focus on its statutes and rules of procedure rather than inserting itself in matters that fall “outside the human rights sphere.”
“The IACHR allowed the ACLU to exploit the hearing to try to force the United States to prematurely disclose arguments and evidence in two cases pending before U.S. federal courts,” Pigott said.
In December, Pentagon Press Secretary Kingsley Wilson told reporters that the strikes have been thoroughly vetted by the proper authorities.
Each strike against a drug vessel operated by designated terror organizations is taken to protect the United States and to defend vital American interests, Wilson said.
“Our operations in the Southcom region are lawful under both U.S. and international law, with all actions in compliance with the Law of Armed Conflict. These actions have also been approved by the best military and civilian lawyers up and down the chain of command,” the press secretary said.
LA mayoral candidate Rae Huang accepts max cash from streamer who made anti-Jewish remarks
Far-left DSA Los Angeles mayoral candidate Rae Huang pocketed the maximum $1,800 campaigndonation from a Twitch streamer who was suspended last year for calling Jews a “demonic ethnicity,” The California Post can reveal.
The donor, Michael Beyer, who streams under the name “Mike from PA” and the username Central_Committee, made the remarks during a 2024 livestream, saying, “Jewish is not an ethnicity. This constructed ethnicity, this demonic ethnicity, wholly invented.”
Sinister racket outside Home Depot that you’re paying for — and now they want more
Taxpayer funded pro-illegal immigration groups are demanding millions of dollars from LA residents to help them attack ICE and fund day laborer hubs near Home Depot sites.
The groups are already getting $1-million-a-year from LA City Council, and are now demanding a $2-million-a-year funding increase to help them fight against ICE operations and maintain buildings outside the hardware stores.
The hubs offer everything from restrooms to free legal services and employment advice to day laborers, all paid for by nonprofits funded by taxpayers.
The exterior of a Home Depot store with several people, including day laborers, waiting outside. CA Post
Socialist councilmember Eunisses Hernandez has backed the move that would see groups like the Central American Resource Center (CARECEN) rake in more taxpayer money to support illegals.
“The work centers have been a rescue due to the conditions we have been living in. That’s why I’m asking that the budget be increased to $3 million for these work centers,” Hernandez asked the City’s Budget and Finance Committee in meetings this week.
The extraordinary demands come as LA’s $15 billion budget meetings rage on, meetings that heard police claim they don’t have enough officers or funding to properly secure the 2028 Olympic games.
Susan Collins, a Sherman Oaks resident who has repeatedly spoken out on city spending, pushed back sharply on the proposal to increase funding for day laborer trailers.
“I’m a first-generation American. I support immigration and value what immigrants contribute,” Collins said. “But when the city tells taxpayers there isn’t enough money to keep streetlights on or fix our roads, this is not the moment to triple funding for these trailer programs.”
Luis Hernandez, from CARECEN which runs an operation at Home Depot in Cypress Park, said demand for his services has surged from illegal workers seeking help.
“The demand for deportation defense has never been greater,” CARECEN rep Diana Camilla told the budget committee in City Hall meetings.
Pablo Flores, who works out of Cypress Park daily, told The California Post the day laborer center there operates only Monday through Friday. CA Post
The cost to taxpayers for running just one day worker center at a Home Depot in Cypress Park is $121,684 per year. City records show taxpayers paid $77,000 to set up the center, which was supposed to run up to seven days a week from 6am in the morning.
Pablo Flores, who works out of Cypress Park daily and claims he’s legal, told The California Post the center is only open Monday to Friday between 7am and 3pm.
He says about 20 to 25 workers at that location have been detained by ICE in recent months.
Day laborers waiting for work at a facility near a Home Depot. CA Post
He said the center is staffed with one employee when open — although he wasn’t sure what they did.
Home Depot was pulled into the program by city officials in the ’90s to curb chaos from day laborers gathering outside its stores — even leasing parking spaces to the city where the hubs were built.
When The Post visited a West Los Angeles Home Depot, a worker said he used to regularly see employees from Instituto de Educación Popular del Sur de California, the nonprofit funded by the city to operate at that location, present on site.
He said he rarely sees them anymore and when they do show up, they are often accompanied by attorneys.
At a recent visit to the Westlake Home Depot, The California Post found the official center largely empty, while day laborers gathered across the lot near the entrance, waiting where contractors actually pull up and hire.
Los Angeles City Council already spends $1 million a year paying nonprofits to provide authorized shelters for day laborers — of whom 80% are in America illegally.
The system traces back to the 1990s and early 2000s, when day laborers gathered outside hardware stores and along busy corridors, waiting for work and drawing complaints over traffic congestion, disorder and public disturbances.
Day laborers wait outside a Home Depot for work in Los Angeles. CA Post
City leaders responded by formalizing the system, moving hiring into designated, city-backed spaces with oversight and basic amenities.
City records show Los Angeles required several home improvement stores, through land-use approvals, to set aside space for these centers, in some cases leasing parking lot land to the city for as little as $1 a year.
That approach dragged private companies like The Home Depot into the center of a volatile immigration fight, tying them to enforcement activity they don’t control while exposing them to legal risk and public backlash.
Despite a taxpayer-funded day laborer facility on site, only two workers were seen waiting inside while the rest gathered outside the designated area. CA Post
A city-funded day laborer facility at the Home Depot where workers are supposed to wait for jobs in Los Angeles. CA Post
“We aren’t notified that immigration enforcement activities are going to happen, and we aren’t involved in the operations,” a spokesperson for Home Depot told The Post. “We aren’t coordinating with ICE or Border Patrol. We cannot legally interfere with federal enforcement agencies, including preventing them from coming into our stores and parking lots.”
Over time, millions have been poured into a system that still doesn’t function the way it was sold.
Still, progressive policy makers like State Assemblymember Jessica Caloza, who represents the 52nd District covering East Los Angeles, Northeast Los Angeles, and South Glendale, has called for a boycott of Home Depot.
“I urge Angelenos to boycott Home Depot and support our local small businesses,” Caloza has said.
She tied the company directly to the enforcement climate, adding, “This eviction is not a coincidence. The Trump Administration has been terrorizing our state and is in our backyards thanks to Home Depot.”
But some say the system the city set up is why these areas are being targated.
“The city forced this model into place,” said Scott Meyer, a candidate for California’s 30th Congressional District. “They built it, paid for it, and now they’re attacking the business hosting it.”
Meyer said the failed system reflects a broader pattern of city, county and state spending without measured outcomes.
A trailer operated by Instituto de Educación Popular del Sur de California is positioned to support day laborers, but workers say its presence has dwindled in recent months. CA Post
Day laborers gather near the edge of a Home Depot lot in West LA, while the nearby trailer meant to serve them appears largely inactive. CA Post
“It’s difficult to find a single idea, policy or program from the Mayor’s office or City Hall that’s achieved any beneficial results,” he said.
The Home Depot, meanwhile, remains a major employer and taxpayer in Los Angeles and througout the state, generating billions in economic activity, supporting more than 292,000 jobs, contributing $4.6 billion in tax revenue, and giving back through nearly $85 million in charitable investments and more than 283,000 volunteer hours.
We reached out to Hernandez and Caloza for comment on the story.
Keep these in mind as you contemplate the direction of the American government over the past 50 years and especially since the Obama election.
The Goals of Communism
(as read into the congressional record January 10, 1963, from "The Naked Communist" by Cleon Skousen)
1. U.S. acceptance of coexistence as the only alternative to atomic war.
2. U.S. willingness to capitulate in preference to engaging in atomic war.
3. Develop the illusion that total disarmament of the United States would be a demonstration of moral strength.
4. Permit free trade between all nations regardless of Communist affiliation and regardless of whether or not items could be used for war.
5. Extension of long-term loans to Russia and Soviet satellites.
6. Provide American aid to all nations regardless of Communist domination.
7. Grant recognition of Red China. Admission of Red China to the U.N.
8. Set up East and West Germany as separate states in spite of Khrushchev's promise in 1955 to settle the German question by free elections under supervision of the U.N.
9. Prolong the conferences to ban atomic tests because the United States has agreed to suspend tests as long as negotiations are in progress.
10. Allow all Soviet satellites individual representation in the U.N.
11. Promote the U.N. as the only hope for mankind. If its charter is rewritten, demand that it be set up as a one-world government with its own independent armed forces. (Some Communist leaders believe the world can be taken over as easily by the U.N. as by Moscow. Sometimes these two centers compete with each other as they are now doing in the Congo.)
12. Resist any attempt to outlaw the Communist Party.
13. Do away with all loyalty oaths.
14. Continue giving Russia access to the U.S. Patent Office.
15. Capture one or both of the political parties in the United States.
16. Use technical decisions of the courts to weaken basic American institutions by claiming their activities violate civil rights.
17. Get control of the schools. Use them as transmission belts for socialism and current Communist propaganda. Soften the curriculum. Get control of teachers' associations. Put the party line in textbooks.
18. Gain control of all student newspapers.
19. Use student riots to foment public protests against programs or organizations which are under Communist attack.
20. Infiltrate the press. Get control of book-review assignments, editorial writing, policymaking positions.
21. Gain control of key positions in radio, TV, and motion pictures.
22. Continue discrediting American culture by degrading all forms of artistic expression. An American Communist cell was told to "eliminate all good sculpture from parks and buildings, substitute shapeless, awkward and meaningless forms."
23. Control art critics and directors of art museums. "Our plan is to promote ugliness, repulsive, meaningless art."
24. Eliminate all laws governing obscenity by calling them "censorship" and a violation of free speech and free press.
25. Break down cultural standards of morality by promoting pornography and obscenity in books, magazines, motion pictures, radio, and TV.
26. Present homosexuality, degeneracy and promiscuity as "normal, natural, healthy."
27. Infiltrate the churches and replace revealed religion with "social" religion. Discredit the Bible and emphasize the need for intellectual maturity which does not need a "religious crutch."
28. Eliminate prayer or any phase of religious expression in the schools on the ground that it violates the principle of "separation of church and state."
29. Discredit the American Constitution by calling it inadequate, old-fashioned, out of step with modern needs, a hindrance to cooperation between nations on a worldwide basis.
30. Discredit the American Founding Fathers. Present them as selfish aristocrats who had no concern for the "common man."
31. Belittle all forms of American culture and discourage the teaching of American history on the ground that it was only a minor part of the "big picture." Give more emphasis to Russian history since the Communists took over.
32. Support any socialist movement to give centralized control over any part of the culture--education, social agencies, welfare programs, mental health clinics, etc.
33. Eliminate all laws or procedures which interfere with the operation of the Communist apparatus.
34. Eliminate the House Committee on Un-American Activities.
35. Discredit and eventually dismantle the FBI.
36. Infiltrate and gain control of more unions.
37. Infiltrate and gain control of big business.
38. Transfer some of the powers of arrest from the police to social agencies. Treat all behavioral problems as psychiatric disorders which no one but psychiatrists can understand.
39. Dominate the psychiatric profession and use mental health laws as a means of gaining coercive control over those who oppose Communist goals.
40. Discredit the family as an institution. Encourage promiscuity and easy divorce.
41. Emphasize the need to raise children away from the negative influence of parents. Attribute prejudices, mental blocks and retarding of children to suppressive influence of parents.
42. Create the impression that violence and insurrection are legitimate aspects of the American tradition; that students and special-interest groups should rise up and use united force to solve economic, political or social problems.
43. Overthrow all colonial governments before native populations are ready for self-government.
44. Internationalize the Panama Canal.
45. Repeal the Connally reservation so the United States cannot prevent the World Court from seizing jurisdiction over nations and individuals alike.
Posts
