China expected to match Italy in Ferrari sales
3 November 2009

Ferrari expects China to become one of its top five global markets within five years, according to a senior official at the car maker.

Between now and 2014 Ferrari hopes to sell about 600 units a year in China, Marco Mattiacci, the company's Asia-Pacific boss told Reuters in an interview.

The United States is likely to remain the biggest market for Ferrari but China will catch up countries such as Germany and Italy, where annual sales sit at around 600 units.

"I believe China will be around probably those figures -- the same level as Germany and Italy," added Mattiacci.

China is already in Ferrari’s top 10 markets, and around 650 cars have been sold there since it begun sales five years ago.

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