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Even wealthy luxury car buyers can be stopped on their way due to new Trump Auto Tariffs.
And this, the legend of the sports car can create a problem for Ferrari (Racial), JPMorgan Autos Analyst Ryan Brinkman warned. The effects of these tariffs were “worse for Ferrari”, “Brinkman” celebrated on Thursday before the opening call.
“If Ferrari has not affected the tariffs offered in Canada and Mexico before, Italy is subject to a new era of new tariffs on all other countries,” he said. “Ferrari is an ~ 40% of global sales from the United States, which will be a higher margin market.”
Added: “Ferrari’s demand is the least elasticity of moderate changes in the price (for example, as a price increase in + 7% of the BREXIT, we can handle some recipients who delayed most of the most examinations and delivery of Ferrari purchases.
Brinkman Price Target ferrari reduced $ 525 to $ 460, but he kept overweight rating in Stock.
NYSE – Delayed offer Us
In the near future: March 26 hours at 4:00 EDT
Ferrari, 13,752 cars in 2024, increased by 1% over the years. Net sales and operating profit increased by 12% and 17%, respectively. The American region has headed the road for Ferrari last year, and 5% have risen by studies throughout the year.
The question is already in question whether this momentum continues the depth of 2025.
Trump said he would apply 25% of US tariffs on Wednesday Imports of cars and car parts that will come into force on April 2. The events will be used to ready-made cars, trucks and certain car parts.
“It will continue to continue the growth that you have never seen before,” Trump said about new tariffs from the White House.
Investors and Wall Street do not react to the response from early analysts and analysts on Thursday.
Tariffs can increase car production costs and consumer requirements at higher prices. About half of all vehicles sold in the United States are imported.
Read more: What Trump’s tariffs mean for your economy and wallet
Ferrari’s shares fell by 2% in premarket trade, stretching a slide with a 3% year.
The shares of the Great Three US cars in the Qur’an, also fell in premarket trade. General Motors (Gm) and Ford (F) European-oriented Stellantis 7% and 3%, 3%, (Emphasis) 2% fell.
Japanese automatically Toyota (Tm) and Honda (HMC) The landslides listed in the United States are 2%.
Brinkman, Ford and General Motors reports quoting Brinkon, “The growing potential of the growing potential for material earnings of car tariffs is now due to the potential for potential more often than the application of the application more often than the application of the application more often.”
