Ferrari sees sales rise due to strong demand from USA

Turnover increased by 14 percent to 1.74 billion euros, partly because Ferrari sold more expensive models. These were exclusive cars such as the Crossover Purosangue, the Roma Spider and the Ferrari 296 GTS. The operational profit amounted to 643 million euros, an increase of 15 percent. This was more than analysts expected.

Record figures were recorded over the whole of 2024, with a net profit of 1.53 billion euros in a turnover of 6.68 billion. In total, the company sold 13,752 cars worldwide.

This year Ferrari may suffer from American import duties. The United States remain Ferrari’s largest market, good for a car sold in four. Nevertheless, the sports car manufacturer expects a turnover of more than 7 billion euros in 2025. CEO Benedetto Vigna foresees that the growth will be “sturdy”.

In China, the Italians saw the sale plummet again, with 38 percent in the past quarter. However, China is a considerably smaller market for Ferrari than for many other manufacturers of luxury cars.