Ferrari’s (NYSE:RACE) Retro Monza’s SP1 and SP2 are Stunning

Ferrari’s (NYSE:RACE) Retro Monza’s SP1 and SP2 are Stunning

Ferrari’s (NYSE:RACE) Retro Monza’s SP1 and SP2 are Stunning

$RACE

Ferrari (NYSE:RACE) shocks purists last year with talk of a FUV, but the iconic Italian automaker has not forgotten about Supersports cars, as the 2 new Monzas showed the clienti and the automotive world Tuesday in Maranello.

Unveiled as part of the company’s Capital Market’s Day at its HQ Tuesday, the Ferrari Monza SP1 and SP2 are the vanguard of its  “Icona” program.

The Ferrari iconic sports cars in the series “draw inspiration from the most evocative Ferraris of the 1950’s and feature the most advanced sports car technology available today,” the automaker vows. They will also be produced in very Limited Editions, and available to the most dedicated clients and collectors of the marque only.

The inspiration for the Monza SP1 and SP2 are Ferrari’s original racing barchettas of the 1950’s, they were go fast winning sports and racing cars.

Monza SP1 is an uncompromising single-seat road car, sans windscreen, and fitted with the most powerful engine in the Maranello factory’s history contributes 809 hp and 530 lb-ft of torque. The 6.5-liter V12 is enough to drive the SP1 from 0-62 mph in 2.9 secs, or 0-124 mph in 7.9 secs. Top speed is over 186 mph.

Monza SP2 is a 2-seater that does away with the tonneau cover, with a 2nd protective screen and 2nd roll-bar are  added.

Ferrari developed a new “Virtual Wind Shield” that’s integrated into the fairing ahead of the instrument panel and the steering wheel. It directs the flow of air to avoid blasting the driver in the face, along with preserving aerodynamic flow.

Ferrari collaborated with Loro Piana and Berluti on a range of accessories: everything from racing overalls through to helmets and gloves.

There is no word yet on pricing, expecting between $1.5 and 2.5-M each, but if you have to ask, you probably have not made Ferrari’s exclusive corso clienti list.

I am expecting Ferrari to provide details about its strategy on hybrid vehicles and an FUV, potentially leading to substantial growth in Supercar sales.

I expect annual shipments could reach as many as 15,000 supercars by Y 2022 and 2X’ing company profits and driving the stock higher.

While investors said they are confident Ferrari will continue to power ahead over the next 12-24 months by virtue of strong fundamentals.

With profit margins above 30%, strong pricing power and an enviable customer waiting list, it new CEO Louis Camilleri inherits a business firing on all 12 cylinders and is not expected to stray far from his predecessor’s script, which he helped to write.

Ferrari is the most profitable of the world’s automakers and valued above many luxury goods making companies.

Symbol Last Trade Date Change Open High Low Volume
NYSE:RACE 137.89 18 September 2018 5.09 133.11 137.89 132.8 1,510,796
HeffX_LTN Analysis for RACE: Overall Short Intermediate Long
Bullish (0.33) Bullish (0.28) Bullish (0.33) Bullish (0.39)

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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