Surprisingly good sales from key markets in Europe helped Ferrari to record-setting results during the first nine months of 2012.
Ferrari announced this week that worldwide deliveries during the first nine months increased 6 percent to 5,267 vehicles, netting revenues of more than $2.2 billion. Ferrari's revenues were up 10 percent compared to the same period a year earlier.
The United States remained Ferrari's largest single market during the nine month period, with sales expanding 16 percent to 1,354 units. On the whole the U.S. accounted for 26 percent of Ferrari's global deliveries.
The UK set record sales during the period with 504 vehicles, a jump of 37 percent. Germany also bucked Europe's downward trend with 534 Ferraris in the country during the period, an increase of 9 percent.
Spain, however, didn't fair so well during the period with sales falling 49 percent to 238 cars.
Ferrari sold 566 car in China during the nine month period – an increase of 7 percent – and 214 vehicles in Japan, representing a 20 percent boost.
“These results confirm Ferrari’s excellent performance in practically all of the 60 nations in which it is present despite the continuing economic climate. Once again the exception is Italy where we have witnessed a drop partly due to the economic crisis, but also to a hostile environment for luxury goods which have long been, and continue to be, an important resource for the country,” said Ferrari head Luca di Montezemolo.
Di Montezemolo also announced the appointment of Apple veteran Eddie Cue to the Ferrari board. Cue has been with Apple for the last 23 years, overseeing major projects such as iTunes, the App Store, Siri, Maps, iAd and Apple's innovative iCloud services.