Ferrari (NYSE:RACE) Considers a Extra-super ‘Continuation’ Car

Ferrari (NYSE:RACE) Considers a Extra-super ‘Continuation’ Car

Ferrari (NYSE:RACE) Considers a Extra-super ‘Continuation’ Car

$RACE

The world’s most expensive car is the timeless Ferrari 250 GTO from the 1960’s

And now with the reviving of rare classic cars as ‘continuation’ models the rage now, there is a rumor that Ferrari has the 250GTO on the table.

It’s a lucrative trend that was 1st started by Jaguar when the automaker revived the iconic E-Type in a limited run of 10 continuation cars.

And recently, the automaker brought the D-Type back from too.

Now Aston Martin has plans to and is resurrecting the DB4 GT in a limited run of 25 models, and the Shelby Cobra has had much success with the continuation car model.

After monitoring these success, Ferrari may likely be the next automaker to capitalize on the continuation-car band wagon.

There is surely a market there, and hopefully there will be something solid to report in the next few years.

The 250 GTO’s timeless design and strong V12 makes it the most desirable classic Supercars ever made, so Ferrari will not find it difficult to sell the entire production run to its buyers on announcement, and before production.

Ferrari built 39 examples of the 250 GTO between Ys 1962 and 1964. Each was built by hand with subtle design tweaks to distinguish each car in the separate model runs.

Symbol Last Trade Date Change Open High Low Volume
NYSE:RACE 124.71 9 March 2018 0.89 124.2 124.85 124 324,300
HeffX-LTN Analysis for RACE: Overall Short Intermediate Long
Neutral (0.24) Neutral (-0.10) Bullish (0.48) Bullish (0.35)

Have a terrific week.

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Paul Ebeling

Paul A. Ebeling, polymath, excels in diverse fields of knowledge. Pattern Recognition Analyst in Equities, Commodities and Foreign Exchange and author of “The Red Roadmaster’s Technical Report” on the US Major Market Indices™, a highly regarded, weekly financial market letter, he is also a philosopher, issuing insights on a wide range of subjects to a following of over 250,000 cohorts. An international audience of opinion makers, business leaders, and global organizations recognizes Ebeling as an expert.

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