President Donald Trump's new tariffs will also apply to Ferrari cars ordered months ago but still not delivered to the United States, a spokesperson for the Italian luxury automaker said on Thursday.
RACE KEEPS MOVING HIGHER EVEN AS BROAD MARKET DECLINES
Ferrari (RACE) was a big mover last session on higher-than-average trading volume. The latest trend in earnings estimate revisions might not help the stock continue moving higher in the near term.
President Trump's 25% tariffs on European car imports will significantly impact German automakers, with Volkswagen, Mercedes-Benz, BMW, and Porsche facing price hikes and potential sales declines. In this article, I will outline the impact on the four largest German automakers. As we will discuss Porsche, we will see there is another opportunity in the current market turmoil.
Ferrari's scarcity-driven model and luxury brand positioning enable high margins and resilience, similar to high-end fashion houses like Hermes. Advanced technology integration and strategic electrification plans enhance Ferrari's performance and brand status, differentiating it from mass-market automakers. Ferrari's deep ties with Formula 1 amplify global brand awareness, driving sales and mutually benefiting from F1's rising popularity.
Many customers are now under the age of 40. Transcript: Kelsey Barberio: If you thought Ferrari's were reserved for a mid-life crisis or a retirement splurge — you'd be very wrong.
Ferraris are becoming increasingly popular among younger buyers, with the CEO of the luxury automaker revealing that 40% of new buyers are now under the age of 40. Speaking to CNBC on the sidelines of CONVERGE LIVE in Singapore, Ferrari CEO Benedetto Vigna said Ferrari remains on track for the landmark unveiling of its first fully electric car on Oct. 9.
Benedetto Vigna, CEO of Ferrari, discusses the impact uncertainty in the U.S. markets has had on business operations and its approach to tariffs.
“Ferrari is exclusive and inclusive,” Ferrari CEO Benedetto Vigna told CNBC's Robert Frank at CONVERGE LIVE in Singapore on Thursday. ➡️ Ferrari produces about 14,000 cars a year, resulting in a wait time of more than two years for delivery.
"We are watching what's going to happen in the next month, next weeks," said Ferrari CEO Benedetto Vigna at CONVERGE LIVE. "We are on the same boat in terms of tariffs.
The sale of a multi-billion euro stake in Ferrari NV has set off a chain reaction in European equity markets, sparking a surge in block trade activity. The Agnelli family's strategic disposal, valued at €3 billion ($3.
Ferrari ended 2024 with strong results, beating expectations and providing a promising outlook for 2025. The company's business model thrives on brand desirability and scarcity, with consistent execution and favourable demand/supply ratios. For 2025, Ferrari is expected to achieve higher growth driven by new models and non-car segments, including key catalysts like the EV launch and Lewis Hamilton's first year.