Ferrari Q1 Total Shipment 3,560 Units. -7% Y/Y
Portfolio Pulse from Benzinga Newsdesk
Ferrari's Q1 2024 total shipments were 3,560 units, showing a slight decrease of 7% year-over-year. The shipments were strategically allocated across different regions, with increases in EMEA and the Americas, but a decrease in Mainland China, Hong Kong, and Taiwan. The quarter's deliveries were primarily driven by the 296 family, the Purosangue, and the Roma Spider. The Daytona SP3 allocations increased, while the 812 GTS and the SF90 Stradale are nearing the end of their lifecycle, with the Portofino M being phased out.
May 07, 2024 | 10:48 am
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Ferrari's Q1 2024 shipments indicate a slight year-over-year decrease, with strategic geographic allocations and significant contributions from new models like the 296 family, Purosangue, and Roma Spider.
The slight decrease in shipments might concern investors, but the strategic geographic allocations and the introduction of new models could offset negative perceptions. The decrease in Mainland China, Hong Kong, and Taiwan is notable, but growth in EMEA and the Americas, along with the introduction of new models, suggests a balanced approach to market challenges. The nearing end of lifecycle for models like the 812 GTS and the SF90 Stradale, and the phase-out of the Portofino M, indicate a transition period that could either pose risks or offer opportunities for growth with new models.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 90