Ferrari has recently revealed its financial performance for the second quarter of 2024, which includes the announcement that it will phase out the SF90 Stradale and the 812 GTS. The decision to retire these models is primarily due to the conclusion of their production cycles rather than any specific issues with the cars themselves.
Unlike typical mainstream vehicles that have a production life of six to eight years, Ferrari models tend to have shorter lifespans of around four to five years due to their exclusivity and the need for technological advancements to maintain their edge in performance.
Although it may feel like the SF90 Stradale just debuted, having launched in 2019, it will end production this year, making it roughly a five-year-old model. As Ferrari’s first plug-in hybrid electric vehicle (PHEV), the SF90 Stradale served as a flagship hybrid, positioned between the F8 Tributo and its predecessor, the 488.
Equipped with a 4.0-liter twin-turbo V8 engine and electric motors, the SF90 Stradale delivers an impressive 986 horsepower and 1,000 PS. It achieves 0-60 mph in just 2.5 seconds and a top speed of 211 mph. It was offered in various configurations, including the Spider version, and special editions like the Assetto Fiorano and SF90 XX, the latter of which boosted performance to 1,016 hp.
The 812 GTS, introduced as a convertible version of the 812 Superfast, has been in production since 2017. This model features a 6.5-liter V12 engine with 789 horsepower and reaches 60 mph in 2.9 seconds, with a top speed of 211 mph.
Despite the current financial market fluctuations, Ferrari reported a 16.2% increase in net revenues compared to the same quarter last year, driven by 3,484 vehicle sales, marking a 2.7% rise from Q2 2023. Benedetto Vigna, Ferrari’s CEO, highlighted the positive financial results and the successful launch of the new e-building, alongside a victory at the 24 Hours of Le Mans.
Ferrari’s second-quarter sales were nearly evenly split between internal combustion engine (ICE) models and hybrids, with 52% of sales being ICE and 48% hybrids. The current lineup includes eight ICE models and four hybrids.