Ferrari announced that it would increase the price of some models by 10% in response to 25% of the automobile charges that Trump imposed on European cars imports. The company added that its 2025 beneficial edges face an important risk.
Ferrari, Italian car manufacturer Luxury Game, announced in a report on Thursday Prices of some of its samples riseUp to 10%of the United States. The increase in prices on April 2 is the first definitive response of a European builder to the Trump management tax.
Italian company He pointed out that he will renew his business policy “Depending on the preliminary information available on the introduction of fees for importing cars from the EU in the United States.”
On Wednesday, US President Donald Trump signed a declaration to impose a 25% tax on car imports, ”All vehicles that are not manufactured in the United States“Ferrari is making all her cars in Maranello in the northern part of Italy.
In your statement, Ferrari company He pointed out that its three models, especially Ferrari 296, SF90 and Rome, were not affected by policy change. “For all the remaining models, New import conditions will reflect somewhat priced.
Increase price Increase costs between $ 25,000 The model said (about 200 23,200) and 50,000 350,000 (about 325,000). Besides, Italian company He also pointed out that by 2025, his financial objectives are at risk of “reduction by 50 base points on the margins of profit.”
Ferrari recorded the net profit of 1.5 billion euros by 2024, 21.3% higher than the previous year. The edge of its functional benefit was 28.3%, which reflects a year -year -year increase in 7%. The company forecasts revenue of 7,000 million euros by 2025That is, 5% growth compared to last year. The profit was expected in 29% this year, compared to 28.3% in 2024. “Reducing 50 Basic Points” so it is slightly more profitable than last year.
The impact of Trump’s fees on Ferrari’s price
The price of Ferrari stocks He recovered from the minimum of a session In contrast to the widespread fall in other European vehicle stocks, Thursday ended 1.82% of the 391.5 euros. However, Shares of Italian -based car manufacturer lose 4.6% this year Amidst the business tensions between the United States and the EU. His actions fell nearly 20% after the historical maximum on February 18.
Ferrari’s biggest partner Exor sold 4% of its participation at the end of February last year. That is, it is divided from about 7 million actions, which The car manufacturer has unleashed a large number of sales. Trump’s payment threats and subsequent actions further press the price of stock.
America is the largest Ferrari’s personal marketWith a quarter of its wholesale sales. By 2024, the company shipped 13,752 vehicles worldwide and exported 3,452 units to the United States. Sales increased to 6% year to North AmericanThe biggest increase between all regions.
Wide fall in the actions of European car manufacturers
The activities of the main European car manufacturers widely collapsed After the announcement Charges for Trump’s vehicle business On Thursday, the Euro Stocks fall 2.4%with 600 automobiles and accessories index. The Netherlands -based Stelondis fell 4.3% and reached its lowest level since October 2022. German car manufacturers fell from 2% to 3%, including Mercedes -Benz, Volkswagen, Porsche and PMW.
European Commission Chairman Ursula van der Laine responded in a statement on Wednesday Expresses his deep grief to the end of the United States To impose fees for European car exports. He reiterated that the European Union “continues to seek negotiation solutions, Protecting their economic interests at the same time“.
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