Filed under: Supercars, Maserati, Earnings/Financials, Ferrari
Ferrari and Maserati report record quarter
The auto industry may be mired in tough times at the moment, but the sales downturn here in the States doesn't seem to be bothering Ferrari and Maserati. Ferrari sales were up 4% year over year to 1,654 units, due in part to outstanding sales of its 612 Scaglietti and 599 GTB Fiorano. Brisk sales of the hot Italian supercars led to a 20% increase in revenue over last year's record numbers, to 456 million euro. It never hurts when you have an 18-month backlog of buyers that are waiting patiently for their Italian Stallion, and new models are on the way to potentially boost sales further.
Maserati has also seen a resurgence in sales, with a 21% improvement in year over year sales to 2,234 units for the quarter. While Maserati made a profit of 10 million euro for the quarter, which sounds lousy until you consider the famed Italian automaker was in the red for 17 straight years until 2007. While the Italian automaker has a checkered past with regards to sales and earnings performance, the gorgeous GranTurismo and a steady backlog of customers translates into good times for quite a while at Maserati.
[Source: Automotive News - Sub. Req.]
Reader Comments (Page 1 of 1)
MemphisNET 7:48PM (4/25/2008)
The GT-S is simply stunning.
Reply
rai 8:45PM (4/25/2008)
it's ironic to see this with the sky rocketing oil prices
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rick 10:18AM (4/26/2008)
That's 1654 cars for Ferrari for THE WHOLE YEAR. That makes 33 cars per state. Enough to fill one average mini mall parking lot in each state. An insignificant number.
Want to the point the fingers of waste in these times? Consider the big suvs that get spit out at that level in just one or two shifts at a manufacturing plant. And the crime there is that those are daily drivers. Now talk to me about excesses.