Ferrari Life Forum banner
1 - 1 of 1 Posts

1,291 Posts
Discussion Starter · #1 ·
Hi all, with the whole economic crisis going on, I was just curious to ask if any members have their name down on the waiting list for the F430 Spider, 430 Scuderia, Scuderia Spider (by some chance), 599GTB or the California. If not, do you know anyone, friend or family member that is waiting for either of these cars. Reason I'm asking is that I remember reading two articles from last year, one in October and the other in December. Within two months the situation changed.

October 2008 article :

''Crisis is not a word that exists at the Ferrari headquarters, with the company realising in the third quarter of 2008, sales of up to 450 million euros, equal to a growth of 22.3 percent compared to the same period last year.

The sales are due in particular to the 430 Scuderia and the prestigious 599 GTB Fiorano. 1,520 vehicles were delivered in the period in question - an impressive figure. Ferrari has closed the period with profits of 79 million euros (equal to 17.6 percent of earnings), an increase of 41.1 percent compared to the 56 million euros of the same period in 2007.

The brand experienced a growth of 21.1 percent in the first nine months of 2008, a total of 1,419 million euros with 5,026 cars delivered. Profits were up 54.8 percent in these nine months, to 243 million euros, compared to the 157 million euros of last year. For the immediate future, Ferrari can only smile, knowing that the Ferrari California is already sold out until 2011. Crisis? Hardly!''

December 2008 article.

''Times are tough for virtually all automakers due to the current financial crisis and it now appears that one of the world's most prestigious sports car makers isn't immune to declining sales. Ferrari has reported that their monthly global sales for November totaled 92 cars compared to their normal average of 600 a month.

The company has decided to take action by cutting its workforce by 10 percent and starting talks with trade unions to eliminate additional employees. This could potentially result in more than 300 people being laid off by the end of the week, with the chance of more layoffs in the future if market conditions fail to improve. Production at Ferrari's Maranello plant will also be stopped for 20 days during the upcoming Christmas holiday in order to keep vehicle inventory in check.

Perhaps the oddest thing about Ferrari's situation is that the company currently has a two-year waiting list but in some markets unsold cars are starting to pile up, particularly in the United Kingdom. Ferrari's chairman, Luca di Montezemolo, had previously stated that the company wouldn't feel the pressure from the economic crisis, as a decline in sales in one market would free up cars for markets with higher demand and long waiting lists.

According to sources sales of the 612 Scaglietti and 599 Fiorano have essentially flat-lined, and sales of the volume leader F430 have all but disappeared thanks to the unveiling of the similarly priced Ferrari California.

A company spokesperson attempted to dismiss the reports countering that luxury vehicle sales typically decline towards the end of the year and that Ferrari's US sales have only slowed a little. However they did admit that the company currently has a vehicle stockpile in the UK and the introduction of the California has put a serious damper on sales of the F430 Spider.''
1 - 1 of 1 Posts
This is an older thread, you may not receive a response, and could be reviving an old thread. Please consider creating a new thread.