Ferrari makes about 80k on every car sold

[Mook]

https://www.cnbc.com/2018/08/17/profit-ferrari-makes-per-car.html

Dudenhoffer tells CNBC Make It that he determined the average $80,000 profit by taking annual revenue and EBIT (earnings before interest and tax) for the first half-year reports of 2018 and dividing it by the number of sold cars. "Then we arrive at the average price of a car or average EBIT profit per car."

By comparison, Porsche, whose cars sell for about $50,000 to $150,000 (with souped up and auctioned models going even higher), makes an estimated $17,250 profit for every car, according to Bloomberg, and BMW, Audi and Mercedes each make about $10,500 average per car, according to Motor Authority.

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[RICH17]

80k? thats impressive.

 

[OffshoreDrilling]

80k? thats imperessive.

Economies of scale.

 

[Spivitz]

Let's see, according to May 2017 projected annual Sales of 8,400 cars x $80,000 = $672,000,000 profit...... Woah

 

[Mook]

.

Ferrari sold about 8,400 vehicles last year and currently has a market cap of about $22.6 billion. The sports car company shipped 8,398 cars in 2017 and 8,014 cars in 2016 (a 5 percent increase); the low supply helps keep the car prices high. (Porsche delivered 246,000 vehicles last year, for example, which is a 4 percent increase from 2016.) Ferrari's net profit was $178 million for first quarter this year, a 19 percent increase.

 

[Blood on Blood]

So you are saying there is approximately $80k in negotiating opportunity when buying a new Ferrari?

Oh boy, getting closer and closer to buying that dream car.

 

[boostedguy05]

 

[jason05gt]

And they spend a shit ton on F1 at a loss:

https://www.forbes.com/sites/csylt/2018/04/15/ferrari-570-million-f1-budget-revealed/#6a39b2b7fa5d

 

[Pressure Ratio]

Need those losses to offset all them gains!