Ferrari Reports Excellent First Quarter

Ferrari experienced a very fruitful first quarter this year. The Italian car maker reported excellent sales in most parts of the world, but suffered a massive blow in their own country.

The Maranello based manufacturer of sports cars sold a total of 1,733 cars in the first three months of 2012, which is an increase of 11.5% on the same period last year. The revenues rose to 556.1 million euro ‒ an increase of 13.2% ‒ while the net profits went up 17.2% totaling at 42.1 million euro.

The United States remained the biggest market for the Prancing Horse, the sales went up by 16%. The company’s dealerships in the Middle East managed to sell 23% more cars. In China, Hong Kong and Taiwan Ferrari continued to grow with 154 cars delivered. Even more impressive are the figures coming from Europe. Ferrari sold 24% more cars in Germany, while in the United Kingdom sales increased by 31%.

The sales in Italy are staggering in a negative way. Due to economic turmoil and the governments crackdown on tax evasion sales went down sharply. The total amount of Ferrari’s sold in their own country was a total of 121 cars, a steep decline of 65%.

The future of Ferrari looks very promising. The F12 Berlinetta will hit the showrooms within a few months and there is even more planned. Chairman Luca di Montezemolo said:

After an extraordinary 2011, starting the year with all the economic indicators on the rise is very satisfying indeed. We have a complete new model range brimming with technological innovations, and which deliver significant reductions in fuel consumption and emissions, down by 30 per cent on average. At the end of the year, we’ll also be unveiling the new Enzo, a limited series model and our first ever hybrid car.