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Europe’s economic problems sees UK become biggest Ferrari market in Europe

The 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.

USED CAR PRICES FIRMER THAN IN SUMMER

USED CAR prices were firmer across most sectors between September and November than the previous 3 months, according to the used car pricing experts, CAP. The CAP Used Car Price Index also reveals an increase in values for 4x4s over the period while convertibles are hitting the doldrums. A reduction in the number of used cars available overall, at the benchmark 3 year old point, is helping to keep prices relatively stable in most cases.

Sell-Out Goodwood Revival Wows The Crowds

A SELL-OUT crowd of 148,000 enjoyed the 17th Goodwood Revival Meeting on the weekend of September 12-14 at the Goodwood Motor Circuit. The on-track highlights included the annual RAC TT Celebration race for early-1960s GT cars, comprising a £150 million field that included Jaguar E-types, Aston Martin Project cars and even a Bizzarini. The 60th anniversary of the Jaguar D-Type was marked with a 30-car parade plus the Lavant Cup race exclusively for examples of the Le Mans-winning British sportscar, while the Maserati 250F also turned 60 with variants of the Italian grand prix car making up two thirds of the Richmond Trophy field for front-engined F1 machinery of the late 1950s.