View page in desktop
|
Report error
  •   Apple app store icon
  • Google play store icon
Terms of Service
|
Privacy Policy
|
PDPA
|
Site Map
©2004-2026 Sgcarmart, Singapore. All rights reserved.
  • Home
  • Car Articles
  • news
  • news Listings
  • Ferrari News
  • Ferrari wants to sell lesser units to retain exclusiveness

    10 May 2013

    |

    1,752 views

    Ferrari boss Luca di Montezemolo wants to protect the exclusiveness of the prancing horse buy selling fewer cars despite achieving greater profits.


    Ferrari currently manufactures five models (excluding the exclusive LaFerrari), which comprises of the California, 458 Italia, 458 Spider, F12 Berlinetta and FF. The iconic Italian marque brought in revenue of €2.2 billion (S$4.2 billion) in 2011, and sold up to 7,318 cars last year - a record for the company - and 50 percent more than in 1991, when Luca di Montezemolo became CEO of Ferrari.

    Most automakers are trying to make ends meet - in a tough market - with diversity in product line up and mass volume vehicles. But Ferrari isn't most automakers and understands it needs to protect its brand exclusiveness than sales volume. And it's going to do just that.

    "My focus this year and in the years to come is not to grow volume but to increase the exclusivity of Ferrari. This protects our margins and residual values for our customers," said di Montezemolo in an interview with Automotive News Europe.

    He went on to explain profits would not be hurt even when sales figures are static. Ferrari is aiming for a profit margin of around 15 percent this year, following 14.4 percent in 2012 and 14.1 percent the year before.

    A possible solution is to make its cars more exclusive and personalised through optional extras and tailor made add-ons. Di Montezemolo revealed on average, a customer adds €25,000 (S$47,738) or 10 percent of the retail price - worth of extras while Ferrari's Tailor-Made program adds up to €50,000 (S$95,477) on average.

    Moreover Ferrari offers a Special Projects program which has made 10 exclusive halo cars - though only four were made public in the name of privacy. They include Eric Clapton's SP12 EC, John Walson's P540 Superfast Aperta and Peter Kalikow's 45 Superamerica.
    24.4k

    Tags

    ferrari scuderia ferrari italy ferrari sales sales

    AllReviewsNewsAdviceFeaturesVideos
    • Home
    • Car Articles
    • news
    • news Listings
    • Ferrari News

    Ferrari wants to sell lesser units to retain exclusiveness

    10 May 2013

    |

    1,752 views

    Ferrari boss Luca di Montezemolo wants to protect the exclusiveness of the prancing horse buy selling fewer cars despite achieving greater profits.


    Ferrari currently manufactures five models (excluding the exclusive LaFerrari), which comprises of the California, 458 Italia, 458 Spider, F12 Berlinetta and FF. The iconic Italian marque brought in revenue of €2.2 billion (S$4.2 billion) in 2011, and sold up to 7,318 cars last year - a record for the company - and 50 percent more than in 1991, when Luca di Montezemolo became CEO of Ferrari.

    Most automakers are trying to make ends meet - in a tough market - with diversity in product line up and mass volume vehicles. But Ferrari isn't most automakers and understands it needs to protect its brand exclusiveness than sales volume. And it's going to do just that.

    "My focus this year and in the years to come is not to grow volume but to increase the exclusivity of Ferrari. This protects our margins and residual values for our customers," said di Montezemolo in an interview with Automotive News Europe.

    He went on to explain profits would not be hurt even when sales figures are static. Ferrari is aiming for a profit margin of around 15 percent this year, following 14.4 percent in 2012 and 14.1 percent the year before.

    A possible solution is to make its cars more exclusive and personalised through optional extras and tailor made add-ons. Di Montezemolo revealed on average, a customer adds €25,000 (S$47,738) or 10 percent of the retail price - worth of extras while Ferrari's Tailor-Made program adds up to €50,000 (S$95,477) on average.

    Moreover Ferrari offers a Special Projects program which has made 10 exclusive halo cars - though only four were made public in the name of privacy. They include Eric Clapton's SP12 EC, John Walson's P540 Superfast Aperta and Peter Kalikow's 45 Superamerica.
    24.4k

    Tags

    ferrari scuderia ferrari italy ferrari sales sales

    Newsletter

    Be Notified On The Latest News

    Newsletter

    Be Notified On The Latest News

    Latest COE Prices

    September 2026 | 2nd BIDDING
    NEXT TENDER: 07 Oct 2026
    CAT A
    $131,890
    CAT B
    $133,000
    CAT C
    $92,144
    CAT E
    $137,000
    View Full Results

    Latest COE Prices

    September 2026 | 2nd BIDDING
    NEXT TENDER: 07 Oct 2026
    CAT A
    $131,890
    CAT B
    $133,000
    CAT C
    $92,144
    CAT E
    $137,000
    View Full Results

    Related Articles

    Sgcarmart Explores: Bras Basah!

    Sgcarmart Explores: Bras Basah!

    EV NEXT: Peace of mind with battery SOH certification

    EV NEXT: Peace of mind with battery SOH certification

    Editorial Picks: Electric crossovers below $170k

    Editorial Picks: Electric crossovers below $170k

    The rise of PHEVs: A closer look at the numbers

    The rise of PHEVs: A closer look at the numbers

    Suzuki e VITARA Electric Review

    Suzuki e VITARA Electric Review

    New cars are safer: Opt for one when you can

    New cars are safer: Opt for one when you can

    BYD Seal 6 Premium Review

    BYD Seal 6 Premium Review

    Tesla Model Y L Premium AWD 88kWh Review

    Tesla Model Y L Premium AWD 88kWh Review

    Related Articles

    Sgcarmart Explores: Bras Basah!

    Sgcarmart Explores: Bras Basah!

    EV NEXT: Peace of mind with battery SOH certification

    EV NEXT: Peace of mind with battery SOH certification

    Editorial Picks: Electric crossovers below $170k

    Editorial Picks: Electric crossovers below $170k

    The rise of PHEVs: A closer look at the numbers

    The rise of PHEVs: A closer look at the numbers

    Suzuki e VITARA Electric Review

    Suzuki e VITARA Electric Review

    New cars are safer: Opt for one when you can

    New cars are safer: Opt for one when you can

    BYD Seal 6 Premium Review

    BYD Seal 6 Premium Review

    Tesla Model Y L Premium AWD 88kWh Review

    Tesla Model Y L Premium AWD 88kWh Review

    You May Also Like

    EV NEXT: Peace of mind with battery SOH certification

    EV NEXT: Peace of mind with battery SOH certification

    New cars are safer: Opt for one when you can

    New cars are safer: Opt for one when you can

    Maxus MIFA 7 Elite: Going big for the little moments

    Maxus MIFA 7 Elite: Going big for the little moments

    Multi-Pathway approach: Toyota was always right

    Multi-Pathway approach: Toyota was always right

    LTA sets up poll to decide the least-ugliest EV plate

    LTA sets up poll to decide the least-ugliest EV plate

    Don't get yourself trapped in your high-tech EV

    Don't get yourself trapped in your high-tech EV

    Big Test: Which brand makes the best hybrid?

    Big Test: Which brand makes the best hybrid?

    Is parallel import hesitancy growing among car buyers?

    Is parallel import hesitancy growing among car buyers?

    Sgcarmart Explores: Bras Basah!

    Sgcarmart Explores: Bras Basah!

    The rise of PHEVs: A closer look at the numbers

    The rise of PHEVs: A closer look at the numbers

    We try out roadside parking with the new OBU!

    We try out roadside parking with the new OBU!

    A first look at Chery's iCaur V23 and Jaecoo J8 in Singapore

    A first look at Chery's iCaur V23 and Jaecoo J8 in Singapore

    iCaur V23 100kW Review

    iCaur V23 100kW Review

    Hongqi Singapore opens its showroom doors

    Hongqi Singapore opens its showroom doors

    The BYD Sealion 8 seven-seater SUV arrives in Singapore

    The BYD Sealion 8 seven-seater SUV arrives in Singapore

    Inside Foton's commercial vehicle range in Singapore

    Inside Foton's commercial vehicle range in Singapore

    You May Also Like

    EV NEXT: Peace of mind with battery SOH certification

    EV NEXT: Peace of mind with battery SOH certification

    New cars are safer: Opt for one when you can

    New cars are safer: Opt for one when you can

    Maxus MIFA 7 Elite: Going big for the little moments

    Maxus MIFA 7 Elite: Going big for the little moments

    Multi-Pathway approach: Toyota was always right

    Multi-Pathway approach: Toyota was always right

    LTA sets up poll to decide the least-ugliest EV plate

    LTA sets up poll to decide the least-ugliest EV plate

    Don't get yourself trapped in your high-tech EV

    Don't get yourself trapped in your high-tech EV

    Big Test: Which brand makes the best hybrid?

    Big Test: Which brand makes the best hybrid?

    Is parallel import hesitancy growing among car buyers?

    Is parallel import hesitancy growing among car buyers?

    Sgcarmart Explores: Bras Basah!

    Sgcarmart Explores: Bras Basah!

    The rise of PHEVs: A closer look at the numbers

    The rise of PHEVs: A closer look at the numbers

    We try out roadside parking with the new OBU!

    We try out roadside parking with the new OBU!

    A first look at Chery's iCaur V23 and Jaecoo J8 in Singapore

    A first look at Chery's iCaur V23 and Jaecoo J8 in Singapore

    iCaur V23 100kW Review

    iCaur V23 100kW Review

    Hongqi Singapore opens its showroom doors

    Hongqi Singapore opens its showroom doors

    The BYD Sealion 8 seven-seater SUV arrives in Singapore

    The BYD Sealion 8 seven-seater SUV arrives in Singapore

    Inside Foton's commercial vehicle range in Singapore

    Inside Foton's commercial vehicle range in Singapore