Ferrari shows profit in the first quarter of this year

Ferrari posted a $72 million profit for the first quarter of this year even with falling sales, a remarkable achievement considering the current economic state of affairs. The profit margin is attributed to the aggressive performance of the 460hp retractable hardtop Ferrari California particularly in the markets of Asia. North America will receive their first California by the latter part of June and there is a two year waiting list. In total, Ferrari succeeded in selling 1,571 during the first quarter, a slump of 5 percent compared to the previous year, but still retains the position of most profitable company in the Fiat Group.
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M_Motorsport - 5/8/2009 10:28:20 AM

+3 Boost

Just PROVES that a quality product such as Ferrari will always sell despite the state of the economy. Ferrari's hold there value very well and all of them are built with great quality. Can't wait to see the new F450 this car will be lighter and stronger then the 430 Scuderia, simply amazing!

david999 - 5/8/2009 11:21:18 AM

+3 Boost

No doubt that everybody loves the prancing horse.

veyron1001 - 5/8/2009 4:10:29 PM

+2 Boost

Not an inbred one. Cough *mustang* Cough

Reason - 5/9/2009 12:25:29 AM

+1 Boost

This is not news, Ferrari basically prints their own money, always have, always will.

Lexxxus - 5/9/2009 1:22:41 AM

+1 Boost

I wonder what Ferrari's profit margin is on their vehicles. I read (not sure of the accuracy)that Porsche's profit per vehicle was in the $30k range.

Joe_Limon - 5/9/2009 11:56:19 AM

+1 Boost

Makes sense really, even if they sold a quarter of the cars I would still expect ferrari to make money by cutting back their production/overhead costs. Smaller companies with large profit margin's are much more flexible then the giants with negative profit margins!