Ferrari’s US Sales Surge in Face of Luxury Car Market Dip
Ferrari NV demonstrated resilience in the face of a downturn affecting the luxury car market, driven by robust sales in the United States during the fourth quarter.
Sales for the period jumped 14% year-over-year to reach €1.74 billion ($1.8 billion). Earnings before interest, taxes, depreciation, and amortization (EBITDA) also saw a substantial increase, climbing 15% to €643 million. Both figures exceeded analysts’ expectations.
