Latest news with #DaytonaSP3
Yahoo
08-05-2025
- Automotive
- Yahoo
Ferrari's luxury game plan takes on Trump's auto tariffs
Luxury automakers like Ferrari (RACE) may be insulated from tariff-fueled price hikes due to their ultra-high-net-worth (UHNW) clientele, but even those well-heeled buyers may have their limits. Typically, UHNW buyers aren't dissuaded by price hikes; when demand for a product is strong or in limited supply — for instance, during the pandemic — they are willing to pay premiums for products like Rolex watches, fine scotches, and of course, Ferrari sports cars. It's why Maranello-based Ferrari didn't decrease or fully withdraw its profit guidance for the year during its latest earnings report. The Italian automaker did say, however, that profit metrics like EBIT and EBITDA margins could see a potential 50 basis point hit, depending on how President Trump's trade war plays out, though the possibility of 'offsets' in operations may diminish the impact, management said. Currently, foreign auto imports are subject to 25% tariffs. In response, Ferrari's pricing strategy is noteworthy and two-fold. For its ultra-premium cars like the $1 million+ Daytona SP3, upcoming F80 hypercar, and the new 12Cilindri coupe, the company will hike prices by a maximum of 10%. The thinking is these buyers will at least pay some of the tariff — in some cases, an additional $100,000 — because this 'marginal' amount won't dissuade them from a purchase of a limited-edition Ferrari. All buyers of these highest-end Ferraris are multi-repeat clientele and generally don't balk when Ferrari comes asking. For Ferrari's lower-priced cars, such as the Roma coupe, 296 sports car, and SF90 hybrid sports car, the company will hold prices steady. The thinking here is that these buyers are more price sensitive, and Ferrari faces more competitors in the space, including Aston Martin (ARGGY), Bentley (VWAGY), and Ferrari's regional rival Lamborghini (VWAGY). Ferrari's CEO Benedetto Vigna says his clients appreciate two aspects of Ferrari's pricing strategy. 'No. 1, we've been clarifying right away what we intend to do; and two, that we contribute, OK? We contribute to this price increase,' Vigna said on Ferrari's analyst call on Tuesday, citing talks he's had with customers. 'We don't ask them to pay all the bill, but we were very clear telling [them] that some models will have no price increase, some others up to … a maximum 10%. So they appreciate it a lot.' Vigna said the company will remain 'vigilant' in response to changes in purchasing behavior, but at the moment the company hasn't seen any shift post-tariffs. Lamborghini also reported stellar first quarter results, though it noted the 'uncertain' background in international trade remains. The company said it will 'closely monitor the situation and evaluate potential future scenarios and implications for its business,' but at the moment, business remains robust with a 'strong order book' of future sales. A spokesperson for Lamborghini said the automaker would not discuss pricing at this time, other saying the automaker was "carefully evaluating all possible scenarios." Compared to Q1 last year, both Ferrari and Lamborghini did quite well, with revenue up 13% and 30%, respectively, as well as 23% and 33% growth in EBIT. One area that Lamborghini highlighted is the strength of its key commercial regions — the Americas, EMEA (Europe & Middle East), and Asia — which allows it to spread the risk of trade tensions, though the US is still its top market. Like Lamborghini, Ferrari has a strong presence across a number of key regions, with a big wrinkle in its favor: a smaller dependency on China. Lagging China sales have hit other luxury brands, including Mercedes, BMW, and Audi. Wall Street is onboard with Ferrari's game plan for fighting tariffs and limiting China exposure. Morgan Stanley's Adam Jonas reiterated the bank's Overweight rating on the stock, citing Ferrari's 'uniquely positioned, defensive business' with an order book extending well into 2026, relatively low volatility to earnings, and strategic regional exposure, for example, low China risk. 'We are not aware of any other global luxury brand with anywhere near as low exposure to China as Ferrari,' Jonas wrote. 'We believe the company's strong pricing power (ultra-premium luxury consumer) and low exposure to China (1Q Greater China shipments represented 6.6% of total shipments) offer relative safety vs. many other names under our coverage.' A high-net-worth consumer, low exposure to China, and a surprisingly 'defensive' business in an uncertain economic environment could be Ferrari's key to success. 'Despite the surge of the uncertainty and volatility, our indistinctive business model provides us with solid confidence and the necessary agility for our future,' Ferrari CFO Antonio Picca Piccon said during the earnings call. Pras Subramanian is a reporter for Yahoo Finance. You can follow him on X and on Instagram.
Forbes
26-03-2025
- Automotive
- Forbes
Will Ferrari Really Build Lewis Hamilton's Stick-Shift F44 Supercar?
FIORANO MODENESE, ITALY - FEBRUARY 19: Lewis Hamilton of Great Britain and Ferrari acknowledges the ... More fans at the end of the days running at Fiorano Circuit on February 19, 2025 in Fiorano Modenese, Italy. (Photo by) Ferrari hasn't offered a stick-shift manual transmission option for any of its supercars since the California back in 2012. Ever since, its cars have been built exclusively with paddle-operated, semi-automatic 'boxes. But what if the company's newest, most high-profile employee wanted to bring back the famous gated manual shifter? And what if that person also wanted this hypothetical supercar to be a successor to the legendary F40? That person is Lewis Hamilton, seven-time Formula One World Champion and current Ferrari team driver. Speaking after the season-opening race in Australia earlier his month, Hamilton told the website that he wants to design a Ferrari supercar. 'One of the things I really want to do is, I want to design a Ferrari. I want to do an F44,' the British driver said, in reference to the 44 race number he has used his entire career, and which was inspired by the license plate of his father's old car. Giving more details of the car he'd like to create, Hamilton added, 'Baseline of an F40, with the actual stick shift. That's what I'm gonna work on for the next few years.' It's no surprise that Hamilton is a big fan of the F40. The first official photographs published by Ferrari after he joined the team saw Hamilton standing in front of a red F40 and Enzo Ferrari's former home, on the grounds of the company's Italian headquarters. WOODSTOCK, UNITED KINDOM - SEPTEMBER 5: The Ferrari F40 seen at Salon Prive, held at Blenheim ... More Palace. Each year some of the rarest cars are displayed on the lawns of the palace, in the UK's most exclusive Concours d'Elegance. (Photo by) Although Ferrari hasn't spoken publicly about plans to resurrect the F40, which was produced between 1987 and 1992, the company has its Icona series of supercars that draw inspiration from past models. This line began with the Monza SP1 and SP2, which arrived in 2019 as open-topped, roadster-style throwbacks to the Ferrari 750 Monza of the 1950s. These were followed by the Daytona SP3 (pictured below) in 2022. Still in production, it draws inspiration from the Ferrari 330 P4 endurance race car from the mid-1960s. All of Ferrari's SP cars belong to the Icona product line and all are built in small numbers, with fewer than 1,000 units of each leaving the Maranello factory. Prices start at around $2m, plus optional extras, and they are seen as the most treasured contemporary models among Ferrari collectors. Arguably more so, in the case of the Daytona SP3, than the company's next-generation hypercar, the F80 hybrid. Although borrowing design cues from cars of old – and shunning the batteries and electric motors of the hybrid drivetrain used by other Ferraris – the Icona family of SP cars all use dual-clutch, semi-automatic transmissions. LONDON, UNITED KINDOM - APRIL 21: The Ferrari Daytona SP3 at Salon Prive London, held at the Royal ... More Chelsea Hospital. This is Salon Prive's first event held in London, with many manufactures unveiling their newest cars. (Photo by) Ferrari sees itself as a supercar company positioned at the cutting edge of automotive technology, and one that fits its street cars with tech born on the race track. Indeed, its 355 supercar was the first to be fitted with a paddle-operated transmission, which Ferrari called F1, back in the mid-1990s, as a showcase of how Formula One tech can be delivered to customers as well as world champions. But today's supercar buyer – or rather, today's hypercar buyer – wants more than bleeding-edge motorsport tech. Electric motors have democratized performance to such an extent that Hyundai and Volvo now produce cars as quick to 60 mph as the Ferraris of just a generation ago. Ultra-wealthy car collectors want experiences, and since blasting to 60 mph in under three seconds is now available everywhere, their attention has shifted to driving pleasure. Limited-run, highly-focused supercars like the GMA T.50 by Gordon Murray, the Aston Martin Valour, the Pagani Utopia and the Hennessey Venom all give their drivers extra involvement via a stick shifter and a clutch pedal instead of record-breaking acceleration. So too do restomod companies like Singer, Theon and Alfaholics, while even some startups that electrify classic cars have developed ways to incorporate a manual shifter. These cars prove there are customers ready to open their checkbooks for Lewis Hamilton's F44. There might only be a few hundred such people, but Ferrari will only build 699 examples of its Daytona SP3, and commissioned just 499 of each for the SP1 and SP2, so is no stranger to limited production runs. Given how the comparatively tiny Gordon Murray Automotive sold all 100 examples of its T50 supercar within 48 hours of being revealed, I don't see Ferrari having any trouble selling many more F44s – not least because it'll pack the trifecta of Lewis Hamilton, a stick shift and the F40's bloodline. That's the sort of pedigree only Ferrari can draw upon, and Hamilton knows it. Will Ferrari pay the vast sums required to develop such a car, especially when it is unlikely to share much with other models? This isn't an easy question to answer, especially since Ferrari is a public company with both investors and customers to keep happy. It's a tantalizing prospect though, and one I hope Ferrari gives some serious consideration.
Yahoo
13-02-2025
- Automotive
- Yahoo
Ferrari Daytona SP3 Signed by Charles Leclerc Hits Market for $5.7 Million
Read the full story on Modern Car Collector A rare Ferrari Daytona SP3, one of just 599 ever produced, is now up for sale in Dubai with a staggering price tag of $5.7 million. This particular model, currently listed by F1rst Motors, boasts a one-of-a-kind BP Green finish and an extra touch of exclusivity—signatures from Ferrari Formula 1 drivers Charles Leclerc and Carlos Sainz etched onto its 6.5-liter V12 engine. The Daytona SP3, unveiled in 2021, is part of Ferrari's Icona series, a line of ultra-limited models inspired by the marque's racing heritage. This specific edition pays homage to Ferrari's legendary 1-2-3 victory at the 1967 24 Hours of Daytona, incorporating a futuristic yet retro design that blends sharp aerodynamics with classic Ferrari styling cues. Its wraparound windshield, aggressive air intakes, and sleek, layered rear lights give it a striking road presence reminiscent of endurance racers from the past. Beyond its aesthetic appeal, the Daytona SP3 is a powerhouse. Under the hood, its naturally aspirated V12 engine produces 829 horsepower and 514 lb-ft of torque, enabling a 0-62 mph sprint in just 2.8 seconds and a top speed of 212 mph. With a 9,500 rpm redline, the engine delivers a soundtrack that stays true to Ferrari's high-revving tradition. Despite its track-ready performance, the Daytona SP3 has barely seen the road, with fewer than 400 miles on the odometer. The gold-signed engine cover, bearing the autographs of Leclerc and Sainz—who were Ferrari teammates from 2021 to 2024—adds an extra layer of collectibility. The asking price of 21 million AED ($5.7 million) is more than double the car's original $2.3 million base price. However, for collectors and Ferrari enthusiasts, the combination of rarity, performance, and Formula 1 pedigree makes this Daytona SP3 an undeniable statement piece in the world of ultra-exclusive supercars. Follow us on Facebook and Twitter
Yahoo
11-02-2025
- Automotive
- Yahoo
This Ferrari Daytona SP3 Is Signed by Charles Leclerc. It Could Be Yours for $5.7 Million.
A modern-day Ferrari supercar with some real racing flare just hit the open market. A barely driven green Daytona SP3 was just listed for sale by Dubai-based F1rst Motors. Any example of the exclusive 'Icona' series model is special, but this one has the added touch of having been signed by two of the company's F1 drivers, current Charles Leclerc and his former teammate Carlos Sainz. More from Robb Report The First Trailer for Brad Pitt's 'F1' Movie Is Here Police Just Busted a Crime Ring That Was Rerouting Deliveries of Rolls-Royces, Ferraris, and More Gordon Murray Says It's Easier to Win an F1 Championship Than Le Mans-Here's Why The Icona series is Ferraris way of paying tribute to past while continuing to push itself forward. The line, which launched in 2019 with the Monza SP1 and SP2, pairs an all-new design that references some of the marque's most beloved models with the forward-thinking hardware and technology. And, in true Prancing Horse fashion, only a limited number of examples of each is produced. The Daytona SP3, which debuted in 2021, is the second of these rare cars. As the name may have given away, it was inspired by the company's Daytona prototype race cars that dominated endurance racing in the 1960s, including taking a 1-2-3 finish at the 24 Hours of Daytona in 1963. The car sports an aerodynamic design that effortlessly brings the old and new together, including its flowing lines, wraparound windscreen, and razor-thin lighting package. The example up for sale, which is one of just 599 that will be built, is finished in a one-of-a-kind coat of BP Green and rides on a set of gold wheels. Just as striking is the 6.5-liter V-12 that resides in the Daytona SP3 engine bay. The naturally aspirated mill, which figures to be in good shape since the car has been driven less than 400 miles, is the same one found in the 812 Competizione and makes 829 hp, 514 ft lbs of torque and has a redline of 9,500 rpm. Thanks to all that power the car can slingshot from zero to 62 mph in just 2.8 seconds and tops out at a more-than-respectable 212 mph. The engine in this example has also been signed in gold ink by Leclerc and Sainz, who were Ferrari teammates from 2021 to 2024. The latter has since been replaced by Lewis Hamilton and will drive for Williams this season. Already imagining how this Daytona SP3 will look in your garage? Prepare to spend big. Top Gear reports that F1rst Motors is asking 21 million AED, or roughly $5.7 million, for the car. That's well over double the car's original $2.3 million starting of Robb Report The 2024 Chevy C8 Corvette: Everything We Know About the Powerful Mid-Engine Beast The World's Best Superyacht Shipyards The ABCs of Chartering a Yacht Click here to read the full article.
Yahoo
30-01-2025
- Automotive
- Yahoo
$4 Million Ferrari Daytona SP3 Involved in London Accident
Read the full story on Modern Car Collector A Ferrari Daytona SP3, valued at an eye-watering $4 million, was recently spotted in London following an accident that has likely marked the first such incident involving the hypercar. The damage was visible on the front end of the vehicle, with the cracked bumper and splitter, scratches on the nose, and a hole in the carbon fiber panel below the headlight. The grille in the lower bumper section also appears to have sustained significant damage. The particular Daytona SP3 involved in the crash has garnered attention from enthusiasts for its previous appearance at the Heveningham Concours in 2023. Finished in a striking Rosso Libano exterior with matte black wheels, this vehicle is no mere collector's item; it is regularly driven and reportedly pushed to its limits. View this post on Instagram A post shared by Supercar Fails (@ The Daytona SP3, powered by a 6.5-liter V12 engine sourced from Ferrari's 812 Competizione, produces 850 horsepower and is mated to a 7-speed dual-clutch transmission. This powertrain is known for its exceptional performance, but it appears that, in this case, the driver may have pushed it a bit too aggressively. Given the rarity and value of the car, this incident will certainly fuel further discussions among Ferrari enthusiasts and collectors, especially those watching the Daytona SP3's performance on the streets. While the damage is significant, the car's unique design and performance capabilities make it a standout in the world of supercars. Ferrari's attention to detail and craftsmanship are likely to restore the car to its original condition, though this accident serves as a reminder of the risks even the most prestigious vehicles face on the road. Follow us on Facebook and Twitter
