On the Road with Goldman Sachs: Ferrari EVs and Luxury Car Market

This report summarizes a Goldman Sachs visit to Ferrari HQ following the launch of its new electric vehicle, the Luce, addressing market volatility and mid-term guidance.

Key Takeaways

• 1.Ferrari's recent EV launch triggered a significant market reaction, with shares declining 8% on the day of the announcement.
• 2.Higher Average Selling Prices (ASP) for Ferrari are primarily being driven by a favorable price mix.
• 3.Management discussions focused on mid-term guidance and the transition toward Battery Electric Vehicles (BEVs).

Table of Contents

• (0:50) Who we met
• (1:43) EV and Luce reaction
• (7:30) Higher ASP driven by price mix
• (10:18) Mid-term guidance

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