Ferrari has announced that its car prices will rise by up to 10% in response to President Trump's new auto tariffs, affecting all models excluding the 296, SF90, and Roma. Vehicles imported before April 2 are exempt from the price hike. This increase could add substantial amounts to the cost of Ferraris, with estimates indicating an additional $43,000 for models like the Purosangue. The company indicated that the tariffs might impact its profit margins, reducing them by up to 50 basis points.
Ferrari stated that under President Trump's new tariffs, its car prices will increase by up to 10%, affecting models except for the 296, SF90, and Roma.
The company acknowledged that these tariffs could negatively impact its profitability, with potential risk of a 50 basis points reduction on percentage margins.
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