Ferrari’s Revenues are declining

Luckily, the number of millionaires; and Ferrari’s potential customer base, is growing. In fact, the number of millionaires in the United States approaches the population of Sweden.
To clarify, the Spectrem Group estimates over 10.2 million US households had incomes between $1 million and $5 million in 2018, Bloomberg notes. In contrast Worldometers estimates Sweden had a population of 10.51 million in 2018.

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Is Ferrari Making Money?

Demand for Ferraris is so high that the company plans to double the shifts at its Milan factory to keep up, Bloomberg reported. Demand for the supercars; all of which cost more than $200,000 apiece, now exceeds the supply.

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