Hybrid Ferraris outsell petrol counterparts for the first time as profits soar at Italian brand

Nov 04, 2023 1231

BY: Jack Williams

Ferrari’s hybrid models outsold their petrol counterparts for the first time in Q3, as the Prancing Horse continues to ramp up its electrification programme. According to its latest results a total of 51 per cent of the brand’s deliveries were hybrids in the three months to the end of September. That figure has shot up from just 19 per cent at the same point last year and 43 per cent in Q2.

Bosses at the Italian outfit say the increase has largely been driven by sales of the SF90 and 296 performance cars, which have seen key performance indicators rise across the board. Despite sales dipping by 8.5 per cent to 3,459 cars, accounts show that net profit rose by 46 per cent to €332m (£290m) in Q2, allowing Ferrari to raise its net revenue forecast for the full year to €5.9bn (£5.14bn).

Read more

SOURCE: https://cardealermagazine.co.uk

You may be interested