The Ferrari Enzo History
The Ferrari Enzo was Ferrari’s (NYSE:RACE) 1st Hyper Supercar, fitting, for a car that carries the weight of its founder’s given name.
As part of the exclusive lineup of 5 halo Ferraris that include the 288 GTO, F40, F50, and later LaFerrari, the Enzo was the highly successful follow-up to the F50, Ferrari’s 50th anni commerative.
Debued in Y 2002 for the Y 2003 model year, the Enzo was a Formula 1-inspired design and an instant success, as was the naturally aspirated 6.0-liter V-12 mounted amidships.
Compared to the relatively simplistic F40 and F50, the Enzo is also considered the 1st “modern” halo Ferrari, incorporating carbon fiber construction. Tech like traction control, active aero, and carbon ceramic brakes were cutting edge, race-derived stuff in the early 2000’s. Also contemporaneously impressive was the single-clutch automated manual 6-Speed F1 transmission, capable of cracking off shifts in 150 ms’, really quick for the time, though modern dual-clutch units have already dropped cog-swap intervals into the 20 ms range, and even modern automatics can shuffle shifts in the 100 ms range.
As stunning as that sharp body is, the 6.0-liter naturally aspirated V-12 was the party piece. A monstrous 651 hp and 485 lb-ft of torque propelled the 3,260-lb wedge to 60 mph in a reported 3.3 secs, and on to a Top Speed of 218 mph. Those are fantastic numbers today, considering most rear-wheel drive Supercars just barely surpass that acceleration figure, and usually don’t make it past the 210-mph mark.
For enthusiasts of a certain age, the Ferrari Enzo is ‘It’. With love-it-or-hate-it looks, an epic V-12 sound, and genre-defining tech, the Enzo made a lasting impact on the modern Ferrari-loving community matched only by the F40. Now 20 yrs on, Enzos are cherished and sought-after pieces of garage candy, due in part to the blend of old-world natural aspiration and limited driver assists.
The Enzo is a thrilling s sports car. The sound and the speed are enough to justify buying 1, and the fact that the Enzo is very likely the final naturally aspirated, non-hybrid, mid-engine V-12 Hyper supercar that will ever be built is reason enough to cherish It.
Our overall technical outlook is Very Bullish in here, as all Key indicators are Very Bullish as it approaches its all time highs at 179.21 marked on 18 February 2020.
Ferrari (NYSE:RACE) finished Friday at 173.99, – 2.20 in NY. Just off its all time highs.
The Maranello Outfit’s shares were raised to Buy from Hold at HSBC.
Ferrari will continue to create value in the long term. Ferrari is a quality 1st long term luxury products investment, and I have called it at it at 200+/share long term, adjusting it to 200/share short term (after the virus) and siding with BAML to 230 long term for now. The stock is now considered defensive in the sector.
Have a healthy weekend, Keep the Faith!
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