Italian brand now charges 7% more for V8 models and 4% more for V12s

Ferrari will increase the starting prices of all but two of its models with hikes of up to 7%, forming part of what it calls routine cost updates.

From 1 January, UK dealerships for the Maranello car maker will ask for 7% more on V8 models and 4% more for V12s. The price increases will also affect customers with cars currently on order that are not due to make production before that date.

The hikes affect all six of its road cars apart from the V8-engined GTC4 Lusso T, while the brand’s 488 Challenge racing car remains unchanged too. Pricing for the recently revealed Portofino drop-top, successor to the California T, has yet to be confirmed, so that car’s opening figure will also be unaffected.

This means the cheapest car to be impacted is the 488 GTB (above), which uses a mid-mounted 3.9-litre turbocharged V8. It goes up from £183,984 to £196,863. Of the V12s, the lowest cost car to be affected is the GTC4 Lusso (below), which is now priced from £240,402 - up from £231,310.

Ferrari told Autocar that the increases were not related to the weakness of the pound or economic uncertainty, but rather part of the regular practice of price updates undertaken by almost all manufacturers.

A spokesman said that the UK wasn’t subject to the latest increase for Europe, which saw prices go up by 5% in 2017. The 2018 cost update is in line with the rest of Europe, so effectively still leaves British prices one step behind those on the continent.

“The UK is also the only market Ferrari offers a four-year warranty on its cars,” said the spokesman. “Everywhere else is three years.”

More content

Ferrari SUV: brand is "dead serious" about model, says boss

Our Verdict

Mini Cooper 5-door hatch

Third-generation Mini hatchback comes with a range of new engines, more equipment and a practical five-door shape, but is it stretching the Mini name too far?

Join the debate

Comments
21

12 October 2017

At least Astom martin ,bentley  and Mclaren will have increased future trade.

12 October 2017

There's going to be big increases from just about all manufacturers, even UK ones.

 

So many of the parts are imported, even just the raw materials.   UK workers will need wage increases to cope with the inflation and downsizing of groceries (which is hidden from official inflation figures).

 

It's the ordinary person who is worst affected by Brexit, and is only going to get hit harder for it too.   But Farage and Co are well protected from it's effects, and given they instantly came out and admitted their campaign was pack of lies they don't even need to defend what they sold Leave voters!

 

It's a right mess.

 

12 October 2017

What on earth has this to do with Brexit? Car makers have been increasing prices before we joined the common market, whilst we were in the common market, when it changed it to the EU and they'll increase long after we've left the EU (or even if we stay in the EU).

What about Germany, France etc, even their native Italy etc  Are you seriously suggesting Ferrari are not increasing prices within the EU? Their biggest market is the US and China - next you'll be blaming Brexit for their price increases.

The irony is you cite others telling lies but that's exactly what you're doing.

12 October 2017
scotty5 wrote:

What on earth has this to do with Brexit?

Your currency tanked, stuff is starting to cost you more, that's what.

12 October 2017
John Fox wrote:

scotty5 wrote:

What on earth has this to do with Brexit?

Your currency tanked, stuff is starting to cost you more, that's what.

Not as 'tanked' as the Italian economy, which explains why the UK buys 3 times as many Ferrari's as Italy does

typos1 - Just can’t respect opinion

12 October 2017
John Fox wrote:

Your currency tanked, stuff is starting to cost you more, that's what.

Some people just won't accept the truth.

12 October 2017
Symanski wrote:

John Fox wrote:

Your currency tanked, stuff is starting to cost you more, that's what.

Some people just won't accept the truth.

Yawn yawn... People are happy to pay more to get out! A price worth paying. Once we are out we can import tariff free from far and wide. Prices will drop like a stone. German cars may be more expensive though, oh dear. Hey ho.

12 October 2017

The £/Euro exchange rate is exactly the same as it was this time last year.

 

And as has been pointed out already, this is not the first time manufacturers have raised prices in the UK (and continue to do in the heavenly eurozone).

 

 

12 October 2017

Why don't you tell us about the horrendous things that will happen to the British people if the UK doesn't leave the EU?

Why do you hate British freedom, British democracy and British justice so much?

12 October 2017

Will any potential brand new Ferrari owner even notice a price increase?  

Pages

Add your comment

Log in or register to post comments

Find an Autocar car review

Driven this week

  • 2018 Mitsubishi Shogun Sport 4
    First Drive
    21 June 2018
    Shogun Sport name returns to the UK, attached to a seven-seat 4x4 that, Mitsubishi hopes, deftly combines practicality, comfort and toughness
  • Ford Fiesta ST-Line 2018 long-term review hero front
    First Drive
    21 June 2018
    Does this version of Britain’s top-selling car have the substance to match its style?
  • Audi Q8 2018 first drive review hero front
    First Drive
    20 June 2018
    Range-topping SUV is short on the styling and performance pizzazz needed to make it a Range Rover Sport-toppling style icon, although it’s an accomplished luxury car
  • BMW M5 2018 long-term review hero front
    First Drive
    20 June 2018
    We rate the new M5 as best in class. Will we think the same after three months with it?
  • Mercedes-Benz C-Class C200 2018 review hero front
    First Drive
    20 June 2018
    Mild hybrid engine completes an extensive facelift for Mercedes’ fourth-generation junior saloon, but the C200 isn’t the most convincing choice in the line-up