Ferrari (NYSE:RACE) Approves Classic Workshops

Ferrari (NYSE:RACE) Approves Classic Workshops

Ferrari (NYSE:RACE) Approves Classic Workshops

$RACE

Ferrari has stamped it Imprimatur on 48 official dealers as “Ferrari Classiche Authorised Officinas” aka Workshops, authorizing them to implement the Ferrari Classiche certification when maintaining Ferraris older than 20 years.

Each of the Ferrari Classiche Officina, which are spread across 20 different countries, will have the direct support of the Ferrari Classiche department in Maranello.

Every location must set aside space and a dedicated workshop space exclusively for Ferrari Classiche maintenance, repair and certification applications. They must also have a suitably-qualified and trained Ferrari Classiche service technician in the house.

A Ferrari Classiche Officina offers a factory-approved maintenance program for all Ferraris sold at least 20 yrs ago, ensuring they keep their heritage, provenance and value.

That’s quite a valuable dealer stamp to have in the ‘Service Record Book’.

Notably, any work that requires major structural repairs or the fabrication of new parts, as in many cases the parts do not exist anymore and have to be made to the order, must be carried out in Maranello at the Ferrari factory.

Ferrari says that as the program becomes established, more dealers in more markets will be added in the future.

Ferrari’s Classiche division was inaugurated in Y 2006. It provided official support for owners of classic Ferraris, it also issues certificates of authenticity for cars that have been maintained to the high standards of the iconic Italian Supercar maker and have confirmed delivery, ownership and racing histories (provenance) going back to when a car 1st rolled out of the gates at Maranello.

Last week on 1 November, Ferrari shares marked a record high at 121.14

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Stay tuned…

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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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