Ferrari ‘set for record year’ due to rise in sales and profits

by SpeedLux

Ferrari stated it was on course for a record 2016 after publishing an increase in revenues and sales for the very first three months.

The Italian maker of cars, spun off from Fiat Chrysler Automobiles last year, sold 1,882 vehicles in the first quarter, up 15 % on the 2015 duration.

Profits increased 19 % to EUR78m, with sales in Europe, China, and the Middle East increasing by double-digits.

Ferrari also verified its chairman would include the chief executive’s function.
The appointment of Sergio Marchionne to the dual function, taking over as chief executive from Amedeo Felisa, had been anticipated. Mr Marchionne is likewise chief executive of Fiat Chrysler.

Deliveries of cars increased 24 % in Europe, Ferrari’s strongest market, to 950 examples, but just 2 % in the Americas to 523 devices.

The sales development was driven by Ferrari’s eight-cylinder section (V8), including two brand-new designs, the 488 GTB and the 488 Spider. Deliveries of its V12 designs slipped by 6 %.

You may also like

Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.

SpeedLux

SpeedLux is a high-authority automotive blog providing the latest automotive news and reviews. SpeedLux covers everything related to cars, bikes, and motorcycles, from news and reviews, to troubleshooting guides, tips and tricks, and more. SpeedLux was born in 2009 and we have over 20,000 articles published on our blog. We thank all our readers, as well as our partners, without whom we could not have reached this level.

Subscribe

©2009 – 2024 SpeedLux – Daily Automotive News and Reviews. All Right Reserved.