Ferrari Defies US Tariff Headwinds with Strong Q1 Results
Italian luxury carmaker Ferrari is outperforming its peers in the face of 25% tariffs imposed on foreign vehicles and parts imported into the US. The trade tensions have led to supply chain uncertainty, causing many car manufacturers to revise their guidance downward.
Ferrari’s first-quarter results revealed a 13% increase in net revenue to €1.8 billion, driven by a 1% rise in vehicle shipments to 3,593 units. Operating profit showed significant growth, rising 23% to €542 million. This performance surpasses that of its listed luxury peers, such as Porsche and Aston Martin Lagonda.
The company’s resilient trading and outlook are particularly noteworthy given the challenging environment. While many in the car industry struggle with the implications of the trade war, Ferrari’s results demonstrate its strength at the luxury end of the market.
As the automotive sector navigates these turbulent times, Ferrari’s performance offers a positive note. The company’s ability to maintain growth despite external pressures underscores its position in the luxury car market.
