Ferrari and Lamborghini: a Strong First Quarter of 2025 for Italian Cars

Ferrari closed a very positive first quarter in 2025, with profits up 15% compared to the same period last year. Lamborghini, meanwhile, recorded remarkable growth of 29.6% in revenue, reaching €895.2 million, driven in particular by the success of its new electric model.

In a press release, Benedetto Vigna, CEO of Ferrari, highlighted the importance of advanced customization, which is increasingly in demand from a discerning clientele, as the driving force behind this performance. The Maranello-based manufacturer posted a profit of €693 million for the quarter from January to March, slightly exceeding analysts' forecasts of €689 million, according to a Reuters poll.

Ferrari delivered 3'593 vehicles during the period, and overall revenue rose 13% to €1.79 billion. The United States stands out as the most dynamic market, although uncertainty surrounding new US tariff policies calls for caution regarding the medium-term outlook.

At Lamborghini, a subsidiary of the Volkswagen Group, the electrification strategy is bearing fruit. The Urus SE plug-in hybrid SUV and the new Revuelto V12 hybrid have attracted customers looking for performance and modernity. The Sant'Agata Bolognese-based brand delivered 2'967 vehicles in the first quarter, with particularly strong growth in North America (+21%), compared with +7% in Europe and the Middle East, confirming the brand's success in this technological turning point.

However, the Trump administration's introduction of 25% tariffs on car imports poses a serious threat to this momentum. According to Bernstein Research, this measure could represent an additional annual cost of $110 billion for the industry as a whole. Ferrari is already considering a price increase of around 10% to offset these constraints.