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Europe’s economic problems sees UK become biggest Ferrari market in Europe
Fri, 02 Aug 2013The Ferrari F12 (pictured) helped Ferrari to strong profits in the first half of 2013 The economic crisis in the Eurozone has seen Ferrari’s sales in countries like Italy and Spain plummet, and Greece managed just one sale in 2012 (and even that came to the UK). But Ferrari have a plan to keep profitability by limiting supply and achieving stronger revenues for the sale they do make – with stuff like Ferrari’s bespoke Atelier and Tailor Made services and Classiche work adding more revenue – to keep them powering forward, and it seems to be working despite poor sales in many European countries. In fact, despite an increase of just 2.8 per cent in volume, Ferrari has managed to increase their profits in the first six months of 2013 by an impressive 20 per cent, with total sales of 3,767 and net profits of €1.22 million.
Toyota 1/X
Thu, 25 Oct 2007By Jonny Smith Motor Shows 25 October 2007 11:05 What is the point of this contraption exactly? Toyota has a habit of building mind boggling concept cars that fire up the public imagination and then deliver forgettable production dross. The 1/X may just change that.
Vauxhall Adam price from £11,255: Paris 2012
Thu, 27 Sep 2012The Vauxhall Adam – Vauxhall and Opel’s MINI competitor – will start from £11,255 when it goes on sale in January 2013. And with prices announced from £11,255 it looks like the Adam may just have a fighting chance of taking a piece of the market dominated by MINI and the Fiat 500. Of course, GM are hoping that no one who goes in to a Vauxhall showroom will go out with a basic car – a vast array of style and customisation options are the order of the day with the Adam – but the headline starting point is a decent one.