Where most European car builders see their profit shrink due to the American import duties and global price increases, the money flows into Ferrari. The Italian supercars remain popular and the higher demand was the extra costs of taxes.
Ferrari made more sales and profit last quarter than in the same quarter a year ago. The Italian sports car builder benefited from a strong demand for its SF90 XX and 12-Cilindri models.
Remarkable because all Ferraris are made in Italy. The manufacturer cannot therefore compensate for the higher costs of taxes by moving production to the US.
Fans are happy to pay a little more obvious supercars. Ferrari therefore still has a long order list to finish and few cancellations.
Turnover grew 4 percent to 1.8 billion euros in the second quarter. Below the line, 425 million euros in profit remained, an increase of 3 percent. Ferrari has gained more confidence through the US EU Handelsdeal that it can achieve its annual goals. From August, Americans will pay 15 percent tax on European cars.
Where most European Car Manufacturers See Their Profits Shrink Due to Us Import Duties and Global Price Increases, Money is Flowing in At Ferrari. The Italian Supercars Remain Popular, and the Higher Demand Offsets The Extra Costs of Duties.
Ferrari Made More Turnover and Profit Last Quarter Than In The Same Quarter A Year Ago. The Italian Sports Car Manufacturer Benefited from Strong Demand for its SF90 XX and 12Cilindri Models.
Remarkable because all ferraris are made in Italy. The Manufacturer Therefore Cannot Compensate for the Higher Costs of Duties by Moving Production to the Us.
Fans are happy to pay a little more for the handmade supercars. Ferrari Therefore Still Has a Long Order List To Work Through and Few Cancellations.
Turnover Grew 4 percent to 1.8 Billion euros in the Second Quarter. The Net Profit was 425 Million euros, an increase or 3 percent. Due to the US-EU Trade Deal, Ferrari Has Gained More Confidence That can achieve its annual goals. Americans Will Pay 15 percent Tax on European Cars from August.