Ferrari Navigates Tariff Storm with Strategic Price Increases

Ferrari plans to increase prices on some U.S. car models in response to new 25% auto import tariffs announced by the U.S., effective April 3. The company aims to maintain its 2025 financial targets despite potential impacts on profitability margins. Price hikes of up to 10% are anticipated.

In response to new U.S. import tariffs, Ferrari has announced plans to increase the prices of certain models sold in the United States. The luxury automaker aims to align these increases, up to 10%, with its dealer network, effective for cars imported from April 2 onwards.

The U.S.'s 25% tariff on auto imports, starting April 3, has sent ripples through the global automotive sector, raising concerns about price hikes and potential job losses in car-manufacturing countries. Despite these challenges, Ferrari asserts adherence to its 2025 financial forecasts.

While the luxury brand confirms its financial guidance for 2025, it acknowledges the risk of a slight reduction in profitability margins. However, Ferrari remains steadfast with its financial objectives as it adapts to the evolving market conditions.

(With inputs from agencies.)