Overview
- Benedetto Vigna said Ferrari began restricting exports to Britain about six months ago and has since seen sales stabilise.
- The CEO noted that some customers have left the UK for tax reasons but stressed other factors, including the difficulty of reselling right‑hand‑drive cars.
- The UK abolished favourable non‑dom tax treatment in April, a policy shift ministers defend as opponents claim it has prompted departures of high‑net‑worth residents.
- AutoTrader data show earlier declines in residual values for certain models, including a 12.2% drop for the Purosangue and 6.6% for the SF90 Stradale between January and October, with recent signs of stabilisation.
- Ferrari’s comments follow a market update last week in which the company lifted annual guidance and outlined a €9bn revenue goal.