Ferrari Increasing Production 30 Percent by 2019

Jason Siu
by Jason Siu

Ferrari will build more cars by 2019 in hopes of meeting demand in emerging markets.

According to SEC filings made by the Italian automaker, production will increase from the current volume of 7,000 units per year to 9,000 by 2019, marking a 30-percent increase. Ferrari also plans on introducing new models over the same time period, some of which will be special, limited edition cars and supercars like the LaFerrari.

Specifically, the company said in the filing that it is increasing production in order to meet “growing demand in emerging markets and from demographic changes as the size and spending capacity of our target client grows.”

SEE ALSO: Ferrari Unveils Limited Edition F12tdf with 770 HP

Even so, Ferrari is being careful and aware that exclusivity is a major reason for owning one of its exotics. It iterated that it will “maintain a reputation of exclusivity and scarcity among purchasers of our cars and deliberately monitor and maintain our production volumes and delivery wait times to promote this reputation.”

The argument of whether Ferrari should increase its production has been a significant one over the years. Former head of Ferrari Luca di Montezemolo departed the company because of his desire to keep production numbers low in order to preserve Ferrari’s exclusivity. The CEO of Fiat Chrysler Automobiles (FCA), which owns Ferrari, Sergio Marchionne disagreed and now that Montezemolo has left the building, Marchionne is moving forward with increasing production.

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Jason Siu
Jason Siu

Jason Siu began his career in automotive journalism in 2003 with Modified Magazine, a property previously held by VerticalScope. As the West Coast Editor, he played a pivotal role while also extending his expertise to Modified Luxury & Exotics and Modified Mustangs. Beyond his editorial work, Jason authored two notable Cartech books. His tenure at AutoGuide.com saw him immersed in the daily news cycle, yet his passion for hands-on evaluation led him to focus on testing and product reviews, offering well-rounded recommendations to AutoGuide readers. Currently, as the Content Director for VerticalScope, Jason spearheads the content strategy for an array of online publications, a role that has him at the helm of ensuring quality and consistency across the board.

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  • Kelly Martin Kelly Martin on Oct 15, 2015

    Here is something to pay attention , a great opportunity for work for those who want to use their free time to make money using their computers... I have been doing this since last two years and I am making 40 to 70 dollars per hour In the last week I have made 12,245 for almost 18 hours sitting . ?There are no special skills required just basic typing and an internet connection . ?There are no time constraints You may do this any time when you are free . ?Here is what Ive been doing. ->>www.youcanalsochangeyourfatelikeothersare.blogspot.com > lksw

  • Smartacus Smartacus on Oct 15, 2015

    This is absolutely the wrong thing to do. Too many are not good for exclusivity. And old ones never go to the crusher, they just live on. Oh yeah, and those burgeoning Chinese Millionaires buying Ferrari cars are a fantasy. China's stock market lost more money in July than all of Germany makes in a year.

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