Ferrari Sales Up 10% In The United States; Wealthy People Still Have Money

Ferrari announced its financial results today, and the company has wasted no time in gloating that sales in the USA are up 10% while Chinese sales are up 20%, a number that is “likely to rise further still in the coming months”.

Ferrari credits the California, 458 Italia and 599 GTO with some of their sucess, but surely the real credit goes to their Ferrari boutiques which sell branded merchandise, a license to print money venture that comprises the bulk of their profits. Merchandise sales are up 40% this year, proving that while the wealthy still have money for cars, there is always a demand for upper-middle class folks to associate themselves with upscale brands.

[Source: Ferrari]