Ferrari has record 2021 with a bright future says CEO

Ferrari models such as the F8 spyder (above) showed strong sales in 2021. Photo: Ferrari

Ferrari delivered a record number of cars last year as demand for luxury vehicles surged globally despite the COVID-19 pandemic and the sports carmaker predicted an increase in its core earnings for 2022.

Shipments grew 22 percent to 11,155 cars last year compared to 2020 during the first COVID lockdowns, and were up 10 percent on pre-pandemic 2019, the company said.

All regions saw double-digit growth, supported by strong sales of 8-cylinder models, including the F8 family as well as the Roma grand tourer and the hybrid SF90 Stradale. Shipments of more powerful but also more polluting 12-cylinder models fell.

Shipments to China, Hong Kong, and Taiwan almost doubled versus the previous year. There were 38 Ferraris registered in New Zealand in 2021, up by two from 2020.

CEO Benedetto Vigna said Ferrari has orders stretching into 2023.

"We have the strongest-ever order book in our history, up to double digits versus the prior year and covering well into 2023," he said.

Ferrari has promised its first all-electric car in 2025, while it has already rolled out three hybrid models. The company plans two new models this year, including the Purosangue, its first SUV.