Ferrari and Maserati register 11.5 percent and 6.3 percent sales growth for Q1 2012 respectively

The first quarter results of Ferrari and Maserati have been declared and the two Italian car manufacturers have recorded sales of 11.5% and 6.3% respectively. Ferrari sales reached 1,733 units during the first three months of this year which resulted in revenue of €556 million and EBIT of €60 million as compared to only €53 million in the same period of 2011.

Tremendous growth was seen in North American markets where Ferrari registered sales of 452 units while sales in Europe was up 15.6% and markets in the Middle East were up 23% while sales in Chinese markets were also up with 154 cars delivered. Ironically however sales in home country Italian markets were down.

Maserati sales too were promising during Q1 of 2012. The company delivered 1,560 units during Q1 seeing a rise of 6.3% as compared to only 1,467 units delivered during Q1 of 2011. Sales in Japan increased threefold while sales in China, the fast emerging auto hub increased by 42%. Profits and EBIT amounted to 12 million Euros ensuring that Q1 was highly profitable for both these companies.