Ferrari may have taken a little longer to release its financial statistics from the previous year, but it appears that the wait was worthwhile.
In 2021, The Prancing Horse sold 11,115 high-end vehicles to collectors, setting a new high for the 75-year-old nameplate. Despite having to deal with a global pandemic and the ensuing supply chain challenges, other premium brands like Lamborghini, Rolls-Royce, Bentley, and Tesla also had their greatest year yet.
Ferrari had double-digit increase from 2020, when 9,119 four-wheelers were delivered, to put its performance in perspective. That amounts to an increase of 22.3% from the previous year. The Prancing Horse also easily beat the standards set in 2019, which was the first year the brand entered the five-figure delivery range with 10,131 vehicles.
Ferrari’s 8-cylinder models were principally responsible for last year’s sales, which generated net income of almost $4.8 million. Due to the continued demand for the F8 family as well as the introduction of the Ferrari Roma and SF90 Stradale, the brand claims that V-8 car sales increased 34.6 percent over the previous year. While this was happening, Maranello’s production of V-12 supercars saw a significant 16.1 percent decline. The 812 Superfast’s phase-out during the year, according to the company, is what caused this.
With a 14% increase year over year and a total of 5,492 deliveries, Europe, the Middle East, and Africa (EMEA) continued to be Ferrari’s largest market. 2,831 Ferraris were sold in the Americas, which took second place with a 22 percent rise. Even if sales in mainland China, Hong Kong, and Taiwan increased by a startling 97 percent, they still represent the lowest market in terms of total sales, with only 899 vehicles delivered in 2021.
Benedetto Vigna, CEO of Ferrari, attributes the company’s success to its sound business strategy.
The CEO said in a statement released on Wednesday that “we carefully managed an impressive order intake in keeping with our strategy to pursue controlled growth and retain brand exclusivity.”
Ferrari hopes to continue the trend, Vigna said. He claims that on June 16 during Maranello’s Capital Markets Day, the marque will reveal its future ambitions. Remain tuned.
In This Article...
Ferrari Sales Worldwide (Full Year)
Ferrari sold a record 11,155 vehicles globally in 2021, with the USA being the largest single market.
Sales of Ferrari sports cars climbed by 22.3% in the entire calendar year 2021, reaching a new high of 11,155 Ferraris shipped worldwide. Ferrari sold 9,119 vehicles globally in 2020, breaking the previous record of 10,131 Ferraris delivered worldwide in 2019. Although the USA remained Ferrari’s biggest single market in 2021, sales in China nearly doubled, signaling the market’s best rebound. Ferrari asserted that it was not significantly impacted by the worldwide chip scarcity and anticipates positive growth in 2022 as a result of increased demand and a more varied model lineup.
In 2021, Ferrari delivered a record 11,155 vehicles.
Ferrari used to limit delivery to just 7,000 vehicles annually in order to retain exclusivity, but the Prancing Horse hasn’t followed that rule in a while, and as a result, sales have soared. The carmaker set a new milestone for 2021 by delivering 11,155 vehicles.
The outcome is 10% greater than 2019’s pre-pandemic level and 22% higher than 2020, when sales were impacted by Covid-19 limits. It’s impressive that Ferrari reached the number without having a crossover in its range, but that will soon change with the introduction of the Purosangue crossover later this year, which might result in a significant increase in deliveries in the years to come. Ferrari actually anticipates its adjusted profits before interest, tax, depreciation, and amortization (EBITDA) to increase from $1.73 billion in 2021 to between $1.86 billion and $1.92 billion in 2022.
The Roma and SF90 Stradale, as well as the F8 Tributo, which is built on a platform that dates back to the 458 Italia and is soon to be replaced by the V-6-powered 296 GTB, were the best-selling V-8 vehicles in 2021. Sales of V-8 models increased by over 35%, while sales of V-12 models decreased by about 16%, primarily as a result of the phase-out of the 812 Superfast throughout the year.
Deliveries increased by double digits in all regions, with the EMEA region (Europe, the Middle East, and Africa) seeing a 14% increase to 5,492 units, the Americas seeing a 22% increase to 2,831 units, and China seeing a 97% increase to 899 units.
Worldwide vehicle exports by nation – Ferrari 2021
Italy was Ferrari’s third-largest European market in 2021, behind the UK and Germany. 668 units of Ferrari’s high-end vehicles were sold domestically, which is slightly more than half the number that was delivered to Germany. Despite its lower sales volume, the brand is a national icon in Italy and continues to generate a lot of talk on social media, particularly Facebook.
One of the few manufacturers without an SUV… yet.
Ferrari may have been a day late in announcing its 2021 sales, but the Italian supercar company has good reason to be happy. In contrast to 2020, the brand had double-digit growth, but more significantly, it had its best-ever year in terms of global sales and deliveries.
With 11,155 cars delivered to customers worldwide, the previous year outperformed 2020 by 22.3%. Additionally, it was 10.1% better than 2019, which marked Ferrari’s first year ever delivering more than 10,000 vehicles (10,131 sales). The Ferrari 2021 sales and financial report indicates that 2021 set a new record for the brand’s highest yearly sales; this is a goal the business likely hopes to achieve once more this year.
Ferrari CEO Benedetto Vigna said, “Our record 2021 financial achievements reflect once more the robustness of our business approach. In keeping with our strategy to pursue controlled expansion and retain brand exclusivity, we carefully managed an excellent order intake, recording double-digit growth across all key financial indicators and exceeding our guidance.
With a total of 5,492 deliveries in the EMEA region (Europe, the Middle East, and Africa), a 14% increase over 2020, the region continued to be Ferrari’s largest market in 2018. With 2,831 Ferraris sold, the Americas came in second place, up 21% from the previous year. While mainland China, Hong Kong, and Taiwan experienced the largest increase in demand—a 97 percent increase to 899 units—it remains the supercar brand’s smallest market in terms of sales volume.
Data & Trends on Ferrari Sales in the US Automotive Market
As the firm itself has committed never to make more than 7,000 cars annually to ensure exclusivity, Ferrari sales in the US have been very consistent. Even if China’s demand has increased recently, the US is still one of its most significant markets.
Ferrari’s factory in Maranello, Italy, imports every vehicle it sells in the US. Ferrari, regrettably, does not break down its US sales by model. Ferrari sales can also be found throughout Europe.
After a record 2021, strong orders at Ferrari are expected to support growth.
- Summary
- Companies
- 11,155 Ferrari automobiles were delivered last year.
- deliveries driven by V8 vehicles, including the Roma and SF90
- Two new vehicles, including the SUV Purosangue, are anticipated for 2022.
- In 2022, adjusted EBITDA will increase to 1.65-1.70 billion euros.
- Margin surpassed a record of 35.9% in 2021, but declined this year.
As a result of record sales in 2021, Ferrari was able to forecast an increase in core profitability this year.
After taking over the company last September with the mission to guide it into a new era of cleaner, quieter, and interconnected mobility, Vigna told analysts during the annual results presentation that “we have the strongest-ever order book in our history, up double digits versus the prior year and covering well into 2023.”
Ferrari’s Milan-listed shares recovered from early losses to increase 1.4% by 16:10 GMT.
According to the firm, shipments increased by 22% to 11,155 cars in 2018 compared to COVID-affected 2020 and by 10% from pre-pandemic 2019.
Strong sales of 8-cylinder models, such as the F8 series, the 205,000-euro Roma grand tourer, and the 430,000-euro hybrid SF90 Stradale, helped all areas experience double-digit increase. Shipments of 12-cylinder vehicles, which are more powerful but also polluting, decreased.
This year, Ferrari expects to release two new models, including the eagerly anticipated Purosangue, its first sport utility vehicle (SUV), capping off a plan to introduce a total of 15 new cars that it had previously announced in 2018.
Ferrari, whose “Prancing Horse” brand is well-known for its screaming internal combustion engines, has committed to release its first all-electric vehicle in 2025 while also launching three hybrid versions.
The fact that Porsche, a division of Volkwagen (VOWG p.DE), delivered more than 300,000 vehicles last year and Rolls-Royce, owned by Germany’s BMW, had its sales climb 49% to a record is evidence of the robust demand for luxury vehicles around the world. View More
What was Ferrari’s revenue in 2021?
Revenue history and growth rate for Ferrari from 2015 through 2022. The amount of money a business receives from its clients in exchange for the sale of goods or services is known as revenue. Net income is calculated by deducting all costs and expenses from the top line item on an income statement, which is revenue.
- The revenue for Ferrari for the three months ending June 30, 2022 was $1.374B, up 10.28% from the same period last year.
- Ferrari reported $5.293 billion in revenue for the year that ended June 30, 2022, an increase of 11.17% over the previous year.
- Ferrari’s yearly revenue for 2021 increased from 2020 by 27.85% to $5.053B.
- Ferrari’s yearly revenue in 2020 was $3.952 billion, down 6.32% from the previous year.
- Ferrari’s annual revenue for 2019 increased by 4.44% from 2018 to $4.219B.
Formula One N.V. is involved in the design, production, and sale of sports automobiles. Its offerings include two grand tourer (GT) vehicles, the California T and FF, as well as sports car types including the 458 Italia, 488 GTB, 458 Spider, 488 Spider, F12 Berlinetta, and 458 Speciale. The company also creates one-off, limited-edition, and supercars like the LaFerrari. Its primary operating regions include Greater China, Europe, the Middle East, India, Africa, the Americas, and the rest of Asia-Pacific. Formula One N.V. has its main office in Maranello, Italy.
Which Ferrari model sells the most units?
The F40 is regarded as the final Ferrari model that Enzo Ferrari himself approved, and it would make the ideal mount for any stable. At the time of its public release, it was the quickest and most potent electric motor for a Ferrari ever created. Its design celebrated its 40th anniversary. With an MSRP of $400,000 and production running from 1987 to 1992, it was also the most expensive product ever made at the time. The 2.9L twin-turbocharged intercooled V8 was positioned at the back of the F40. The F40 could perform admirably on any circuit with a 0-60 time of under 4.2 seconds.
How many Ferrari vehicles are sold annually?
After being constructed in Maranello, Italy, Ferraris are sold annually at a rate of about 8,400. This may seem like a minor quantity to other automakers, but considering Ferrari’s rigorous engineering and dedication to manufacturing as many of their vehicles by hand as they can, it’s rather remarkable.
In 2021, how many vehicles did Lamborghini sell?
The year 2021 turned out to be a huge success for Lamborghini. 8,405 automobiles were sold and delivered by the company globally. Since their founding, this has been their year with the biggest sales. Their constant development is also shown in their prior year’s revenue, which increased by 13%. Lamborghini attributes its expansion to its carefully planned and managed business strategy. Lamborghini experienced double-digit growth in each of the following markets: America (+14%), Asia Pacific (+14%), and EMEA (Europe, Middle East, and Africa, +12%). The distribution of 35%, 27%, and 39% amongst each of these markets is still balanced.
When it comes to automobiles, the popularity of the Urus Super SUV is astonishing. Deliveries of Urus totaled 5,021 across the globe. Huracan came in second place with 2,586 sales. Additionally, 798 Aventadors were purchased and shipped internationally.