Why Buy Ferrari Now?

Now is a revolutionary time for the automotive sector, primarily because of electric vehicles. Tesla is the leader now, but many companies are shifting to EV. Like Ford, for example.

Last year the company surprised the market with the Mustang and the F-150 Truck, which uses electric batteries.

Ferrari is a well-known company, but now is gaining more popularity because of these main reasons.

Largest Number of Vehicles Sold in a Year

Since November of last year, Ferrari has declined by 20%, leading people to think they are not doing great. But the company keeps selling high-quality supercars.

Ferrari is more focused on quality than quantity. The least expensive vehicle is around $260,000. Ferrari’s 2021 revenue was a total of $4.8 billion, with a 23% increase from 2020.

The number of shipped vehicles has also grown during the last six years, and with the orders book for this year, it seems 2023 will be an excellent year for the company.

Entering the SUV Market

The company wants to expand to the electric vehicles and SUV market. Ferrari even stated that it intends to be carbon-free by 2030, something often heard from other automakers based in the U.S.

Ferrari’s plan to achieve its 2030 goal is to have fully electric vehicles by 2025 to go along with the hybrid vehicles released in 2019.

While electric vehicles from Ferrari might cause shock, they are more acceptable to customers than SUVs. The company is behind in this new market, and companies like Aston Martin, Lamborghini, and Porsche are years ahead.

Their first SUV is called Purosangue (‘Pure Blood’ in Italian). Although there is not much information about it, it is said that driving the vehicle is an astonishing experience and that it will surely exceed the customer’s expectations.