Ferrari Forced To Make A Major Change

Despite a strong start to 2021.
Ferrari was one of the first automakers to respond to the coronavirus pandemic last year by shutting down its factories in Maranello and Modena. Since they reopened, Ferrari has been getting back on track with encouraging sales. Despite the disruption caused by the pandemic, Ferrari is celebrating a strong start to 2021. In Q1, Ferrari shipped 2,771 units, a 1.2 percent improvement over the same period in 2020. More impressively, Ferrari's Q1 net profit was up by 24.1 percent at 206 million Euros ($247.2 million).
Sales of Ferrari's eight-cylinder models were up by 8.1 percent, while V12 models were down by 19.6 percent. Ferrari attributes its strong Q1 sales to high demand for the F8 Tributo, F8 Spider, and 812 GTS.

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