Ferrari will reveal its latest sports car on Monday as the Italian premium autom...
MARANELLO, Italy - Ferrari RACE.M will reveal its latest sports car on Monday as the Italian premium automaker pursues an aggressive roll-out of new models to sustain its turbo-charged core earnings and share price growth.
“It is less extreme than the 488 Pista Spider, but sportier than the 488 Spider which it replaces in the range,” Ferrari said in a statement. The carmaker will unveil another model later on Monday at an event for clients and fans in its historic base in Maranello, near Modena, northern Italy. Models from the 1960s, some with seating for four people, are among the most popular at auctions and enthusiast events and Ferrari has said previously that about 40% of its total sales could come from GT cars by 2022, up from 32% now.
Mediobanca analyst Andrea Balloni predicts more moderate growth in Ferrari car deliveries after a 10.2% increase in 2018 with a high single digit figure expected in 2019.“The real challenge for Ferrari is how far it will be able to push price increases in the coming years”.
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