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Ferrari’s Luce sells for $40M, setting a new auction record for a new car
business8 days ago

Ferrari’s Luce sells for $40M, setting a new auction record for a new car

A bespoke Ferrari Luce—the marque’s first fully electric model—sold for a record $40 million at Monterey Car Week, breaking the record for the highest price ever paid for a new car at auction; proceeds go to the Ferrari Foundation for educational initiatives. The Chassis 0 car features a bubble-like design and exclusive finishes, while the publicly available Luce is priced around €550,000 with deliveries starting in late 2026 and first customer deliveries in 2027.

via CNN|
#auction#business#electric-vehicle
Ferrari's Luce hits a $40m sale at Monterey, redefining new-car auctions
automobiles8 days ago

Ferrari's Luce hits a $40m sale at Monterey, redefining new-car auctions

Ferrari’s first fully electric model, the Luce designed by Jony Ive, sold for $40 million at Sotheby’s during Monterey Car Week, a new-car auction record that far surpassed its roughly $1.1 million presale estimate; the one-off car benefits the Ferrari Foundation, and despite controversy over its design and a leadership shake-up, Ferrari is pursuing strong Luce uptake with an eye on around 500 units this year and a solid 2026 target.

via ft.com|
#automobiles#electric-vehicles#ferrari
Ferrari's Tailor-Made EV Fetches $40 Million at Charity Auction
business9 days ago

Ferrari's Tailor-Made EV Fetches $40 Million at Charity Auction

A personalized model of Ferrari’s first fully electric car, the Luce, sold for $40 million at Sotheby’s charity auction during Monterey Car Week, setting a record for a new car sold at auction; proceeds go to Ferrari’s educational foundation. The sale followed the Luce’s unveiling, which had sparked skepticism, though Ferrari later raised its full-year guidance after beating Q2 expectations.

via CNBC|
#auction#business#electric-vehicle
Ferrari's Luce EV fetches $40M at charity auction, setting a new car auction record
business9 days ago

Ferrari's Luce EV fetches $40M at charity auction, setting a new car auction record

A charity auction in California saw Ferrari's first electric car, the Luce, fetch $40 million—setting the record for a new car sold at auction and roughly 35 times its usual price—with proceeds going to the Ferrari Foundation's educational programmes. The special white-edition EV, designed with Sir Jony Ive, was launched amid mixed reactions to Ferrari's EV push as it competes with Tesla and Chinese makers; the buyer was not disclosed.

via BBC|
#auction#business#charity
Ferrari CZ26: A Futuristic One-Off Based on the SF90 Stradale
automotive11 days ago

Ferrari CZ26: A Futuristic One-Off Based on the SF90 Stradale

Ferrari unveils a new one-off, the CZ26, a heavily redesigned variant of the SF90 Stradale created for an American customer by designer Flavio Manzoni. The car features a new front end and rear treatment with slim horizontal lights, revised aero and cooling, and new wheels, while preserving the SF90’s 986hp hybrid V8 with three electric motors and all-wheel drive, delivering rapid performance.

via Top Gear|
#automotive#cz26#ferrari
Monterey Car Week Eyes Half-Billion Dollar Auction Week
business12 days ago

Monterey Car Week Eyes Half-Billion Dollar Auction Week

Monterey Car Week could set a new all-time high for classic-car auctions, approaching $500 million according to Hagerty, driven by a surge in modern supercar demand from Millennials and Gen Z. While Boomer-era models lag, Ferraris and other modern icons command top bids, with standout sales like a 1996 McLaren F1 GTR estimated at $35 million and a 2025 Ferrari Daytona SP3 selling for $26 million, underscoring both record appetite and rising market volatility.

via CNBC|
#auctions#business#classic-cars
Ferrari Q2: Personalization and New Models Drive Momentum
finance24 days ago

Ferrari Q2: Personalization and New Models Drive Momentum

Ferrari reported Q2 revenue €1.94B, EBITDA €755M, and industrial free cash flow €275M, boosted by a richer model mix and a personalization push now representing over 20% of cars and spare-parts revenue. The order book extends through 2027, and management raised full-year guidance as Ferrari launches the electric Luce and the limited-edition 12Cilindri Manuale. Higher costs are expected in the second half (SG&A, R&D, depreciation), while U.S. deliveries were softer due to model transitions and longer personalization lead times, with stronger growth in Europe, the Middle East, and Africa."

via Yahoo Finance|
#earnings#ferrari#finance
Ferrari’s 2027 Orders Are Fully Booked, Deliveries Push to 2028
business24 days ago

Ferrari’s 2027 Orders Are Fully Booked, Deliveries Push to 2028

Ferrari says its 2027 production is fully booked, with new orders not expected to ship before 2028. In H1 2026, deliveries reached 6,802 (down 285) with Europe, the Middle East, and Africa accounting for about half. About 70% of sales were combustion and 30% hybrids. The lineup continues to expand with the Luce EV and Purosangue updates, while several models retire; an open-top Aperta variant is teased and new 12Cilindri Manuale is sold out. Ferrari emphasizes exclusivity and a broad, evolving lineup despite Luce-related controversy.

via Motor1.com|
#business#electric-vehicle#ferrari
Ferrari’s Ive-designed Luce defies online ridicule with booming sales
innovation25 days ago

Ferrari’s Ive-designed Luce defies online ridicule with booming sales

Ferrari's first EV, the Luce, designed with Jony Ive, faced online ridicule yet is on track to meet its 2026 target of 500 units (out of 2,500 by 2030) with strong orders and a raised full-year forecast; Q2 revenue reached 1.94 billion euros, and the company remains focused on attracting wealthy buyers in China and Silicon Valley, even as U.S. EV sales soften.

via Fortune|
#auto#electricvehicles#ferrari
Ferrari defends Luce debut as orders ramp through 2027
business26 days ago

Ferrari defends Luce debut as orders ramp through 2027

Ferrari’s CEO Benedetto Vigna defended the Luce all‑electric launch, saying he would not change anything despite mixed reactions; the company reports its Luce order book is full through 2027 and has reportedly filled a near-500-unit annual target quickly, even as the stock fell on debut. The Luce, priced around 550,000 euros and designed with Jony Ive, marks Ferrari’s first EV and signals a staged rollout aimed at showcasing its novelties to lure buyers.

via CNBC|
#business#electric-vehicles#ferrari
China Demand for Ferrari Luce Pushes Deliveries to 2027 as 2026 Allocation Fills
business26 days ago

China Demand for Ferrari Luce Pushes Deliveries to 2027 as 2026 Allocation Fills

Ferrari’s first electric model, Luce, is drawing notable Chinese demand, with reports that orders in China could push deliveries to 2027 as Ferrari’s global 2026 allocation is said to be filled; in China the car is priced around 3.99 million yuan and deposits of 400,000–500,000 yuan are being requested. Early claims of an 88-unit “sellout” are attributed to dealer quotas rather than confirmed customer orders, and Ferrari aims to produce about 2,500 Luce units through 2030 with limited test-drives as regional data remains unconfirmed.

via carnewschina.com|
#business#china#demand
Ferrari Lead Hungaroring Practice as Mercedes Struggles with Bumpy Setup
sports1 month ago

Ferrari Lead Hungaroring Practice as Mercedes Struggles with Bumpy Setup

Ferrari led Friday practice at the Hungaroring with Leclerc ahead early and Hamilton posting FP2’s best time on soft tyres, while Mercedes battled a stiff, bumpy setup on the resurfaced track. Red Bull signaled competitive race pace but grappled with rear-axle and grip issues; McLaren and Audi showed solid midfield updates, Williams struggled on hard tyres, and Aston Martin’s aero package looks promising though full race impact remains unclear with Stroll sidelined.

via Autosport|
#f1#ferrari#hungaroring
Norris Tops FP2 as Ferrari Show Early Pace at Hungaroring
formula-11 month ago

Norris Tops FP2 as Ferrari Show Early Pace at Hungaroring

In FP2 at the Hungaroring, Norris topped the times on soft tyres with a 1:19.228 as Ferrari showed early pace with Leclerc in the mix. Teams continued testing upgrades, including Aston Martin’s AMR26 package highlighted by Adrian Newey’s comments, while Stroll did not take part in FP2 due to damage repairs. Other drivers like Hamilton and Verstappen logged laps as the field tuned setups ahead of the rest of the weekend.

via Motorsport.com|
#ferrari#formula-1#fp2