Ferrari Achieves Double-Digit Growth in Sales, Sets New Record
Ferrari Revs Up with Double-Digit Growth in 2021
Ferrari, the iconic Italian luxury carmaker, is speeding ahead with impressive double-digit growth in 2021. The company recently announced record-breaking sales figures, with shipments of 11,155 vehicles last year, marking a 22% increase compared to the previous year. This growth is even more remarkable considering the challenges posed by the COVID-19 pandemic in 2020.
The stellar performance of Ferrari in 2021 is reflected in its financial results, with net profit reaching €833 million and annual revenues climbing to £4.3 billion. The success can be attributed to higher shipments of popular models such as the F8 family, Ferrari Roma, and SF90 Stradale. The hybrid sports car SF90 Stradale, in particular, has been a key driver of sales for the company.
Exciting developments are on the horizon for Ferrari, as the company gears up to launch its first-ever SUV, the Purosangue, in 2023. The move into the performance SUV market is a strategic one, as competitors like Lamborghini, Bentley, Rolls-Royce, Aston Martin, and Porsche have also ventured into this lucrative segment.
Despite the overall growth, there was a drop in demand for V-12 powered Ferraris like the 812 Superfast. However, Ferrari remains optimistic about its future and is focused on accelerating its push towards electrification. The company is set to unveil its new strategy at a capital market day on June 16, as it aims to catch up with rivals in the electric vehicle space.
Ferrari’s success in 2021 has been well-received by investors, with shares in the company rising after the record sales announcement. The positive momentum bodes well for the future of the legendary carmaker, as it continues to innovate and expand its product lineup.
In conclusion, Ferrari’s impressive growth in 2021 is a testament to the brand’s enduring appeal and strong market position. With exciting new models on the horizon and a renewed focus on electrification, Ferrari is poised for continued success in the years to come. Watch this space for more updates on the legendary Italian automaker.