Ferrari’s (NYSE:RACE) SP1 and SP2 Icona Series LE Supercars are Not ‘Street Legal’ in US

Ferrari’s (NYSE:RACE) SP1 and SP2 Icona Series LE Supercars are Not ‘Street Legal’ in US

Ferrari’s (NYSE:RACE) SP1 and SP2 Icona Series LE Supercars are Not ‘Street Legal’ in US

$RACE

  • Every  1 of them has been sold, with a price tag of $1.8-M.

Thursday, Ferrari unveiled its limited-edition Monza SP1 and SP2 models of the Icona series, and  the public is finally getting a glimpse of the latest Limited Edition Supercars prancing at the 2018 Paris Motor Show this week.

Wealthy American clienti who buy on one of these ’50’s-inspired Ferraris will most likely not be able to drive them on public roads.

According to some in the press, the lack of a windshield on the 1- and 2-seat Ferraris will deem them not street legal according to most state driving laws in the United States.

It’s unclear if Ferrari plans to make special adaptations to make sure that customers in its most important market are able to enjoy their million-dollar retro racers, but Maranello has not confirmed any market-specific changes.

This will not be an issue in Europe.

As it is to be expected, the SP1 and SP2 will be extremely limited, the Maranello Outfit plans to build whatever combination of the 2  models customers want as long as they amount to 499 examples total.

“Production of the Monza SP1 and SP2 will be limited to just 499 examples combined,” said a Ferrari spokesperson at the Paris Motor Show. “If 498 customers want the SP1 and only one wants the SP2, then that’s what we will build.”

Ferrari is currently building 1 unit per day, which would complete production of all 499 cars in the early months of Y 2020 if that rate of manufacturing continues.

We learned today that every  1 of them has reportedly been sold, with a price tag of $1.8-M.

As for the engineering prowess and astronomical speed capabilities on these new Monza SP1 and SP2s, it’s the 812 Superfast’s 6.5-liter V12 engines, which have been tweaked to offer 10 more horses, will provide the vehicles with 810 horsepower and the ability to do zero to 60 in just 2.9 secs.

Symbol Last Trade Date Change Open High Low Volume
NYSE:RACE 132.94 4 October 2018 -2.87 136.27 136.39 131.38 676,660
HeffX-LTN Analysis for RACE: Overall Short Intermediate Long
Neutral (0.14) Neutral (0.06) Neutral (-0.11) Bullish (0.47)

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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