Ferrari pre-sells entire new supercar model despite £1m+ price tag


The new Ferrari Monza SP1 and SP2 have been unveiled on occasion of the company’s Capital Market’s Day at the factory in Maranello. These limited-edition special-series cars are the first in a new segment called ‘Icona’ and draw inspiration from the most evocative Ferraris of the 1950s and feature the most advanced sports car technology available today.

Aimed at dedicated clients and collectors, the Monza SP1 and SP2 reference the iconic Ferrari racing barchettas of the past, not least the 1948 166 MM, which originally inspired the name ‘barchetta’, and the 750 Monza and 860 Monza. Designed with the sole aim of winning, these uncompromising models helped build the Ferrari legend in the 1950s by delivering numerous victories in the World Sports Car Championship.

ferrari monza sp1

Ferrari Monza SP1;

Powered by article titled “Ferrari pre-sells entire new supercar model despite £1m+ price tag” was written by Rupert Neate Wealth correspondent, for on Tuesday 18th September 2018 14.35 UTC

Ferrari has announced a new open-top supercar it describes as “probably the closest and purest driving experience to Formula 1” – and has already pre-sold the whole production run, despite a likely £1m-plus price tag.

At a private event for devoted customers at its headquarters in Maranello, Italy, the company said it would produce fewer than 500 of the 810hp Monza models, which can reach 62mph in 2.9 seconds.

Nicolo Boari, Ferrari’s head of product marketing, said the Monza would be “the most powerful ever in Ferrari history”, with an 810 horsepower engine. He added that the open-cockpit would make the cars “probably the closest and purest driving experience to the Formula 1”.

The cars, which will come in one-seat or two-seat versions, are part of the new chief executive’s plans to boost profits by introducing models particularly very expensive limited-edition supercars.

The latest models are the first in a limited series called Icona, which reference Ferrari’s racing cars of the 1950s.

Louis Camilleri, who took over as Ferrari chief executive from Sergio Marchionne, who died in July, said the company planned to launch an unprecedented 15 new models.

Among them will be Ferrari’s first sports utility vehicles (SUVs) called Purosangue – Italian for thoroughbred. It follows in the footsteps of luxury competitors such as Lamborghini and Aston Martin.

The two-seater Monza SP2.
The two-seater Monza SP2. Photograph: Ferrari/EPA

Camilleri said he has set a target of doubling profits to €2bn by 2022. He aims to increase sales to €5bn (£4.4bn) by 2022, up from €3.4bn last year.

He said it was an “ambitious” target but the firm was confident it would be able to lift sales as the number of super-wealthy people around the world keeps growing. The global population of ultra-high-net-worth (UHNW) people, those with more than $30m (£23m) in assets, increased by 12.9% last year to a record 255,810 people.

All of the Monzas have already been pre-sold to customers who attended the preview party on Monday night.

The company said it would reveal pricing of the new cars at the Paris Autoshow in October, but experts said they are likely to sell for more than £1m each. Ferrari’s limited-edition LaFerrari Aperta convertible model costs $2.1m (£1.6m).

Buyers of the Monzas will receive a racing jumpsuit by high-end Italian luxury brand Loro Piana. Luxury leather goods company Berluti will specially produce Monza driving shoes and a leather-clad helmet. © Guardian News & Media Limited 2010

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