CloseJust posted a new blog "Analysis & Insights on Ferrari’s Q2 2021 Results" They are doing well and have quite ambitious plans. New CEO is a bit of a wild card.
https://karenable.com/analysis-of-ferraris-q2-2021-results/
Comments?
SSO.:Just posted a new blog "Analysis & Insights on Ferrari’s Q2 2021 Results" They are doing well and have quite ambitious plans. New CEO is a bit of a wild card.
https://karenable.com/analysis-of-ferraris-q2-2021-results/
Comments?
Fascinating.
Thanks so much!
Mike
918 Spyder + Taycan Turbo + Tesla Roadster 1.5 & Model S P100D AP2 + BMWs (Z8 + 3.0 CSi) + Bentley Arnage T
nberry:Very informative. I’m curious as to the reasons for the reduced sales in North America.
The prioritization of European and Chinese deliveries vs. the Americas, which were down to 24% in Q2 from a high of 32% in 2018, looks to be a deliberate move to maximize profitability as the dollar has been weakening since late 2019.
964 Carrera 4 -- 997.2 C2S , -20mm -- 991.2 GT3 RS
nberry:Very informative. I’m curious as to the reasons for the reduced sales in North America.
A bit of oversupply.
Some dealers have brand new cars sitting on the lots and that doesn't help the secondary market either, which is where the dealers make the most money with markups.
The mystique of Ferrari is that not everyone can get a new one, even with money. If dealers start calling people up about their interest in buying a new Ferrari, they would be no different than McLaren/Lamborghini where one can walk in with a cheque and walk out with a brand new car the same day.
Aug 16, 2021 3:26:20 PM
Whoopsy:The mystique of Ferrari is that not everyone can get a new one, even with money. If dealers start calling people up about their interest in buying a new Ferrari, they would be no different than McLaren/Lamborghini where one can walk in with a cheque and walk out with a brand new car the same day.
Pretty much the case with the new strategy of stock exchange profitability...
build baby build!
GT Lover, Porsche fan
991.2 GT3 manual
Cayenne GTS 2014
Aug 17, 2021 7:39:47 PM
Very good analysis and summary indeed. I think I enjoyed reading it this time more than your older reports.
Regarding RACE valuation vs STLA valuation one is way overpriced and the other underpriced. The only reason I can think why Ferrari is a separate company is because of the hype it can create.
wantone:Very good analysis and summary indeed. I think I enjoyed reading it this time more than your older reports.
Regarding RACE valuation vs STLA valuation one is way overpriced and the other underpriced. The only reason I can think why Ferrari is a separate company is because of the hype it can create.
Sadly valuations are based as much on hype and perception as they are on hard core financial fundamentals. Best example of the gap between the two right now is Tesla.
Aug 18, 2021 2:38:10 PM
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