Ferrari says depreciation is normal and warns against gradual Luxury Car Tax reform

Ferrari's Chief Marketing and Commercial Officer, Enrico Galliera , says the Italian brand continues to monitor resale activity among its clients and remains wary of the speculative investment behaviour that has grown around limited-production models.

"The industry in the last year attracted a big portion of the speculators," said Mr Galliera. "Speculators, or people that are buying because there could be an advantage… [are the ones that] never thought about buying, [but] buy because they can make money."

Mr Galliera acknowledged that Ferrari tracks client behaviour to ensure fairness when allocating new vehicles. However, the era of making money by flipping cars may be a thing of the past.

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