FIORANO, Italy -- Ferrari Chairman Luca Cordero di Montezemolo said demand for the company's supercars continues to rise despite the debt crisis in Europe, fears of a new recession in the United States and a slowdown in China's economy.
"From the latest data I've seen, we are on track to make this year another record year," Montezemolo told Automotive News Europe here on Monday
In 2011, Ferrari set new highs for unit sales (7,195) and operating profit (321 million euros), resulting in a 14 percent operating margin. Through June, Ferrari's sales were up 7 percent to 3,664 compared with the first six months of 2011. More than a quarter of Ferrari's first-half sales were in the United States.
Sales of the Ferrari's more expensive V-12 models rose by 66 percent in the first half, boosting the company's operating profit by 13 percent to 152 million euros, equivalent to a 13 percent operating margin.