Ferrari last week announced its consolidated preliminary results for the 4th quarter and 12-months ended December 31, 2016.
Shipments totaled 8,014 units in FY 2016, up 350 units or +4.6% vs. prior year. This achievement was driven by a 5% increase in sales of our 8 cylinder models (V8), led by the success of both the 488 GTB and the 488 Spider. Shipments of the 12 cylinder models (V12) were up 4% thanks to the newly launched GTC4Lusso and LaFerrari Aperta, which are ramping up, as well as the strong performance of the F12tdf. LaFerrari finished its limited series run.
All regions positively contributed. EMEA expanded by 8% with Italy, Germany and France growing at double-digit pace. Rest of APAC increased by 3%, Americas showed a 2% increase while deliveries in Greater China were up only 1% due to Ferrari’s decision to terminate the current distributor in Hong Kong in the fourth quarter of 2016.
