Ferrari’s (NYSE:RACE) New ‘Mystery Model’ Due for Unavailing Mid-September

Ferrari’s (NYSE:RACE) New ‘Mystery Model’ Due for Unavailing Mid-September

Ferrari’s (NYSE:RACE) New ‘Mystery Model’ Due for Unavailing Mid-September

$RACE

The word in the automotive world is that Ferrari (NYSE:RACE) is set to unveil a new model at its HQ in Maranello, Italy on 17 September.

The new model is code-named the F176 and thought to be based on the 812 Superfast.

This indicated that it will be a special edition 1-off model developed by Ferrari’s Special Projects coach-building service, or possibly a Limited-Edition model like the J50 unveiled in Y 2016 to mark 50 years of Ferrari sales in Japan.

The 812 Superfast’s predecessor, the F12 Berlinetta, also birthed a Limited-Edition model in Y 2016: the F60 America built to celebrate 60 years of Ferrari sales in the United States.

Ferrari has a section on its website with more details on the F176, though to access it you will need a Reserved My Ferrari login, which is provided to clienti of the iconic Italian Supercar brand.

Motor1 obtain a teaser posted on the site, but it does not reveal much, but hints at an open-top design for the F176.

The Big Q: Is this the new Targe top design we recently reported on?

The Big A: Maybe…

We know an open-top version of the 488 Pista is coming, though that car is expected to debut later this month during Monterey Car Week at the Pebble Beach Concours d’Elegance.

On the F1 front

The Formula One Group’s revenue fell in Q-2 of Y 2018 compared to the previous year, and once again the 10 Teams sees a fall in their income as a result.

Overall revenue for the F1 Group fell 5% in Q-2 compared with the same frame last year, from $616-M to $588-M.

The percentage shared by the 10 Teams fell 7% from $330-M to $307-M. F1’s operating income was down 69% from $45-M to $14-M.

There was no change in the number of races held in the Quarter, with both Ys 2017 and 2018 featuring 7 Grands Prix.

Liberty Media says that a Key reason for the revenue decliner is that last year the Quarter’s share of broadcasting fees represented a 7/20 share of the annual total, while this year, with an extra race, it is 7/21.

Symbol Last Trade Date Change Open High Low Volume
NYSE:RACE 123.83 9 August 2018 -2.01 125.95 126.07 123.63 642,000
HeffX-LTN Analysis for RACE: Overall Short Intermediate Long
Bearish (-0.43) Bearish (-0.39) Bearish (-0.44) Bearish (-0.47)

Stay tuned…

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