Ferrari (NYSE:RACE) Will Increase Production Ahead of Schedule
This small increase will come ahead of Ferrari’s releases its new FUV
Ferrari (NYSE:RACE) is planning a small increase in production for Y 2018, upping it 7% to 9,000 cars per year, according our sources. That is an increase of about 600 cars compared to what Ferrari has delivered and will deliver yet this year.
The original production plan was to hit the 9,000 per year mark in Y 2019 this goal has been moved up a year.
A modest increase will not do any damage to the exclusivity of the brand, but it does bring the iconic Italian Supercar company closer to having to deal with tougher fuel economy rules.
CEO Sergio Marchionne’s plan for the future includes a Ferrari FUV, aka SUV, which will necessitate a major boost in production.
There is always a long wait-list to buy a new Ferrari, and I do not believe that will change much with the introduction of a few hundred more cars on the roll off.
It is not certain what models Ferrari will be using to boost production with, but rumors of a hardcore and more track-focused 488 have been heard around this week.
Ferrari needs something to close the gap between it and McLaren’s 720S, and this 488+could be it.
Ferrari is planning on 2X’ing the number of shifts at its Maranello plant to make the increase possible.
Have no fear you will not be seeing Ferraris on every block just yet.
For that to happen we have to wait for Ferrari’s response to the Lamborghini Urus crossover for any kind of Ferrari to become a “Mainstream” Supercar.
|NYSE:RACE||106.21||21 December 2017||0.65||105.4||106.58||105.26||480,300|
|HeffX-LTN Analysis for RACE:||Overall||Short||Intermediate||Long|
|Bearish (-0.27)||Neutral (-0.09)||Bearish (-0.29)||Bearish (-0.42)|
Have a happy Christmas weekend.
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