Is Ferrari a luxury brand?
Ferrari S. A. Italian: [ferˈraːri]) is an Italian luxury sports car manufacturer based in Maranello. Founded in 1939 by Enzo Ferrari (1898–1988), the company built its first car in 1940, adopted its current name in 1945, and began to produce its current line of road cars in 1947. Ferrari is a name that has been synonymous with luxury and speed for decades. The Italian automaker has been producing some of the world’s most desirable sports cars, all of which are a symbol of status and prestige, and considered to be the ultimate luxury vehicles.Ferrari is one of the best luxury brands on the planet. It is perhaps the best brand of any sort. The company is responsible for designing, engineering and producing the world’s most recognisable sports cars. It is hard to overstate Ferrari’s grip on the automotive imagination.Bugatti is a more exclusive and expensive brand, and hence less popular in terms of volume. Ferrari also benefits from a stronger brand with their participation in Formula One.