Ferrari Makes No Bones About Its 'Utility Vehicle' Being About Anything Other Than Money

Matt Posky
by Matt Posky

Ferrari will likely add a comparatively spacious four-seat “utility vehicle” to its lineup in the hopes of bolstering volume and doubling its profits by 2022. The strategy certainly has worked for Porsche. So well, in fact, that Lamborghini has made plans to introduce the Urus SUV for 2019 — using Volkswagen Group’s MLB platform. The spiritual successor to the wild LM002 is expected to outperform Bentley’s ludicrous Bentayga and would likely be Ferrari’s chief rival in the super sport utility segment.

The concept of a Ferrari-built SUV has drifted around the automaker’s Maranello and Amsterdam offices for a few years, but now inside sources claim a comprehensive strategy for the vehicle should be unveiled by 2018. However, enacting it would fundamentally change the brand.

As a low-volume automaker, Ferrari is not subject to the same rigid emissions regulations imposed on other car companies. But CEO and sweater aficionado Sergio Marchionne has been pressing the company to increase volume ever since taking the company’s helm in 2014, consequences be damned.

“There is a risk that an SUV could dilute the Ferrari brand,” Richard Hilgert, an analyst at Morningstar, told Bloomberg. “If Ferrari made a vehicle that has more space for occupants, looks like a Ferrari, sounds like a Ferrari, and drives like Ferrari, well — it’d be a Ferrari,” but the company would have to get it right, he said.

Marchionne has already raised volume by a slight amount and offset the exclusivity losses with ultra-expensive models like the LaFerrari Aperta. But it’s not as if the 488 GTB was affordable or the GTC4Lusso was developed to be a family-friendly runabout. These models remain playthings for the wealthy and nobody expects supreme practicality from the forthcoming SUV — just more than you might get from a 812 Superfast.

“It will probably happen but it will happen in Ferrari’s style,” Marchionne said of the planned utility vehicle during conference call after the company’s quarterly earnings report. “That [segment] is too big and too inviting and we have a lot of our customers who will be more than willing to drive a Ferrari-branded vehicle that has that kind of utilitarian objective.”

He also said someone would have to shoot him if Ferrari were to develop something similar to Bentley, BMW, or Porsche. “It has not been done to compete with Porsche,” the CEO claimed.

In addition to the hypothetical SUV, Ferrari’s five-year plan also intends to expand its usage of hybridized powertrains in future vehicles. This is most likely being done to adhere to the stiffer regulatory guidelines as volume increases past 10,000 deliveries per year. However, there are performance benefits to be enjoyed with electrification as well. Doubtful? Consider Porsche’s 918 Sypder, McLaren’s P1, or Ferrari’s own LaFerrari.

The official plan should be announced early next year and bear product fruit by 2022 — at which point Sergio will be retired, watching Ferrari approach a doubled profit margin. Still, things aren’t progressing too badly now. The company reported a 24-percent increase in second-quarter profit on Wednesday, resulting in an adjusted earnings increase of 270 million euros ($320 million).

Matt Posky
Matt Posky

Consumer advocate tracking industry trends and regulations. Before joining TTAC, Matt spent a decade working for marketing and research firms in NYC. Clients included several of the world’s largest automakers, global tire brands, and aftermarket part suppliers. Since adding automotive writing to his repertoire, he has become an ardent supporter of the right-to-repair movement, discussed the status of the automotive sector on national broadcasts, participated in a few amateur rallying events, and driven more rental cars than anyone should ever have to. Handy with a wrench, Matt grew up surrounded by Detroit auto workers and learned to drive by twelve. Alleged to be contrarian, Matt claims to prefer understeer and motorcycles.

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  • Threeer Threeer on Aug 03, 2017

    Coming soon...the F-U V! (read either way you want...Ferrari Utility Vehicle, or, well...you know).

    • Speedlaw Speedlaw on Aug 03, 2017

      Which will be the smirk on mama's face as she rolls up to the middle school in the morning, past that B*tch with her Range Rover.....and that other one with the Tesla X

  • Notwhoithink Notwhoithink on Aug 03, 2017

    I get that they may want to do this, but the only sane thing for them is to label it a Maserati and call it a day. Putting a Ferrari badge on an SUV (or even a Macan-sized CUV) is an abomination.

  • The original ToolGuy™ We have inexpensive cars already
  • Jeff S Doubt we will see any new vehicle in the low 20s unless it is an EV and Chinese but wouldn't count on that happening. Not against more affordable vehicles but don't foresee that happening in the immediate future.
  • FreedMike So, Porsche is selling $100K cars that owners aren't allowed to drive. Way to keep the customers happy, guys!
  • The Ayatollah of Rock n Rolla If the new REO actually happens, and it happens roughly where their target price sits, but at least below $30k, I think that is a great inexpensive truck that would solve the truck needs of the vast majority of current truck buyers.As for cars...we need CARS. Not stupid SUVs. Not ugly crossover blobs. CARS. Coupes, sedans, wagons. Start building something midsized, and make the price point in the mid 30s or lower. AWD optional. And yes, I know Toyota, Honda, and Hyundai/Kia still make sedans. But GM, Ford, and Chrysler/Stellantis need to get on the ball and bring out some competition.
  • 3-On-The-Tree My C6 with the LS3 got over 30 mpg on the highway in 6th gear on cruise control doing 80-85.
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