“Ferrari remains the world’s most profitable car company, earning over 2 million crowns per car sold: Analysis”

In order for the entire Volkswagen concern to match the profit on one car sold by Ferrari, it would have to sell 34.5 cars. In the case of the Hyundai group, it is even 50.3 cars. The Italian car company, which already cut itself off from Fiat years ago and therefore does not even belong to the Stellantis conglomerate, continues to be the elusive king of automotive earnings.

“Although the brand’s operating margin has fallen by one percentage point between 2021 and 2022, the Italian manufacturer is still lagging behind, even compared to second-place Tesla,” comments Felipe Munoz, an analyst at Jato Dynamics. on his blog the ranking of the world’s most profitable car companies, which he came up with. He compiled it by comparing last year’s operating profit of individual brands and concerns (there are a total of 25 in the analysis) and the number of cars sold.

Munoz notes that Ferrari earned 24 cents from every euro, while the average is 7.6 cents. “The best is yet to come, because the sales of the Purosangue SUV have not yet started,” he reminds of the upcoming financial injection.

Behind Ferrari, which earns approximately 2.18 million crowns on each car, is Tesla by a long distance. It earned about 228.5 thousand crowns on every car sold last year. Last year’s results of the American manufacturer of electric cars significantly exceeded those of 2021, but what the situation will be this year remains with question marks. Elon Musk’s car company has already significantly reduced prices twice – and thus also margins and profits.

Its profits fell 24 percent worldwide in the first quarter. The reason is the better use of production capacities, and thus, of course, the overall increase in sales. In connection with this, let us recall that the Model Y became the best-selling new car in Europe for the first quarter of 2023 for the first time ever.

At the same time, purely electric manufacturers are not doing very well in terms of profitability. The Chinese Nio, for example, recorded a loss of 2.114 million euros, and even Ford’s electric division is not making money yet and won’t be making money for some time. According to the estimates of the blue oval, it should reach the black numbers in 2026. However, cars with internal combustion engines significantly help Ford on the way to profit. According to Munoz’s data, the blue oval earns about 32.6 thousand crowns on every car sold.

Among other things, Ferrari’s results helped to make European carmakers by far the most profitable. The average operating margin in their case is 9.8 percent, which is even half a percentage point better than in 2021. American brands had a margin of 7.6 percent, Korean 7.4 percent and Japanese 6.3 percent.

You can find how much car companies earn per sold car in the gallery.