Ferrari sees 30% hike in sales in Japan this year

Article by Anita Panait, on October 10, 2013

Ferrari expects its sales to surge by 30 percent in Japan in 2013, boosted by the improving Japanese economy, Giuseppe Cattaneo, chief of Ferrari's Far East business, told Bloomberg in an interview.  Ferrari spokeswoman Maki Kataoka disclosed that the Italian carmaker sold 302 cars in Japan in 2012. Vehicle sales in the country surged the most in September in 14 months, another indication that the outlook on Japan's economy is improving.

The Bank of Japan recently decided not to add to monetary stimulus after business confidence in the country rose to a new level and after Prime Minister Abe decided that the economy was strong enough to endure a sales-tax increase. Cattaneo, who was in Tokyo for the exhibit of 458 Speciale sports car, remarked that the new euphoria, related to Abenomics, pushed up sales in the country.

According to Cattaneo, Ferrari posted a 28-percent jump in sales in Japan in the first six months. In September, Lamborghini chief executive Stephan Winkelmann said that the carmaker is very happy with Japan. "It's coming back big time," he told Bloomberg in an interview in Tokyo.

Lamborghini logged a 13-percent hike in deliveries to 142 units in Japan in the first nine months, according to Japan Automobile Importers Association. Abe unveiled a JPY5 trillion (38.44 billion euro) stimulus package to help mitigate any damage from the first consumption-levy boost. The stimulus plan will include tax incentives for home purchases and reductions in investment levies.

Topics: ferrari, japan, sales

If you liked the article, share on:

Comments

Recommended

Polestar is notably known to be Volvo's internal performance specialists, and around last year Polestar revealed to the public that it will utilize electrification to further advance the power of...
by - June 26, 2017
Earlier this month, Porsche introduced to us the 911 Turbo S Exclusive Series. The car wore a Golden Yellow Metallic paint. The same time it was launched, the company said...
by - June 26, 2017
Last month, the Lamborghini Centenario made its way to the Transformers: The Last Knight premiere where it got the attention of many. Following that event, three Lamborghini Centenario coupes landed...
by - June 26, 2017
The Holy Trinity of hypercars may not be accessible anymore after being discontinued, but that doesn’t mean we won’t see any more hypercars in the future. What we know is...
by - June 26, 2017
Kia is taking things a step further with the new Kia Stinger, which they first introduced at the 2017 Detroit Auto Show. With the specs given to us by the...
by - June 25, 2017
Facebook

Youtube Channel

Tip Us
Do you have a tip for us?
Did you film an important event?
Contact us
Newsletter
Subscribe to our newsletter!
Subscribe
Galleries