Ferrari customers paying extra for customised paint jobs and wheels have helped the supercar maker upgrade its annual earnings forecast following a quarter where it posted record profits. Almost a fifth of its revenue from selling cars — slightly less than €200mn — came from personalised features, ranging from customers adding a Ferrari crest to the side of their car, to highly coloured brake pads. The Italian brand is the latest luxury carmaker to post bumper earnings, after Lamborghini and Bentley reported record profitability.
Rising interest rates and inflation concerns have had a huge impact on the stock market and the economy, including the automobile industry. But that won’t last, and as optimism returns, auto sales will rise. Consumers are transitioning from fuel-driven cars to EVs, so it’s wise to find the electric vehicle stocks to buy before the bull market returns. The adoption of EVs across the U.S. is impressive and it is growing at a solid pace. EV makers are trying their best to increase production and me
The stock market is currently a strange place. While all equities are struggling, it has also given an opportunity to make the most of the dip in promising stocks. The government is at war against inflation and is taking all the necessary steps to keep it in control. Amidst all this, the auto industry has come to the limelight and the stocks have fallen through some support levels, making them a solid buy. The industry’s troubles are far from over, but the second half of the year could be a chan