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

It’s not a bird. It’s not a plane. It’s Kris Singh’s blue carbon flying machine! Time stood still for a few minutes after the extremely rare Pagani Huayra BC Macchina...
by - May 24, 2017
If you’re selling some of the most expensive and most exclusive cars in the world, perhaps it would be a great idea to commission an ultra-rare work from the same...
by - May 24, 2017
Ford Motor Co. now has a new man on the top, and he goes by the name of Jim Hackett. Effective May 22, 2017, Hackett is named the new president...
by - May 24, 2017
Skoda recently launched the new Karoq compact SUV as a replacement model to its now-defunct Yeti small crossover. Slotted below the newly introduced Skoda Kodiaq, the new Karoq features a...
by - May 23, 2017
There are already rumors suggesting that the next generation BMW 5-Series GT is expected to be joining the 6-Series range. The latest reports instead tell us that that 3-Series GT...
by - May 23, 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