Ferrari remains world’s most profitable carmaker… by a huge margin

Massive accumulation measurement doesn’t needfully effect successful the largest profits, arsenic Ferrari proved successful 2023.

The iconic Italian shaper past twelvemonth recorded full revenues of 5.97 cardinal euro (around A$9.7 billion) from conscionable 13,663 deliveries, up 17 per cent and 3.3 per cent connected 2022 respectively.

Industry expert Felipe Munoz crunched the numbers for Ferrari and a raft of different brands, calculating the Prancing Horse made €117,927 (~A$192,221) successful operating profits per conveyance sold successful 2023 – astir 5 times much than the adjacent astir profitable manufacturer.

For context, Chinese plug-in hybrid and electrical conveyance shaper BYD sold a monolithic 3,024,417 vehicles successful 2023, but lone made €1607 (~A$2618) per conveyance sold. It would request to merchantability 73 cars to bushed Ferrari’s nett per unit.

The instauration of the Purosangue apt contributed to Ferrari’s profits, arsenic the SUV commanded an mean terms of A$1 cardinal and sold retired arsenic aboriginal arsenic March past year.

The 2nd astir profitable shaper was Porsche, which made €22,747 (~A$37,078) successful operating profits per car sold.

The German marque sold 320,221 cars successful 2023, with the 911 posting the highest income maturation and its SUVs making up 55 per cent of its planetary volume.

Porsche would request to merchantability six cars to bushed Ferrari’s 2023 nett per unit.

Here’s a breakdown of each manufacturer’s operating profits per portion sold:

Tesla’s 2023 terms cuts helped it to registry grounds income astatine much than 1.8 cardinal vehicles, nevertheless its operating profits fell from astir $20.76 cardinal successful 2022 to astir $13.15 cardinal past year.

As a result, Tesla’s gross accrued by 15 per cent portion units delivered jumped up by 38 per cent.

To lucifer Ferrari’s A$192,221 figure, Tesla would request to merchantability 27 cars.

Of the Chinese manufacturers it was BYD that was making strides successful 2023, selling 62 per cent much cars than successful the erstwhile year.

Its revenues besides accrued by 34 per cent to A$125.35 billion, with an operating borderline of 6.3 per cent oregon A$7.8 billion.

GWM’s borderline fell from 4.8 per cent successful 2022 to 1.6 per cent past year, and it lone made $462 per car sold. GWM would request to merchantability a monolithic 415 cars to lucifer Ferrari’s profits.

The outlier connected the database is Aston Martin, whose $31,554 nonaccomplishment per portion is really an betterment connected 2022, erstwhile it mislaid $40,658 per unit.

Sales of its DBX SUV decreased by 9 per cent, but income of its show car lineup accrued by 14 per cent respectively successful 2023.

JLR past twelvemonth besides improved its operating borderline to 11 per cent.