2008 is Ferrari's best year ever for sales, earnings, and profits.
http://www.ansa.it/site/notizie/awnp...117290394.html

 

It doesn't hurt when you've got people already paying for cars you haven't finished building yet.

 

Wrong. Their sales were strong for the first 3 quarters of the year (strong enough to produce the results you linked), but have fallen off the face of the Earth in the fourth quarter.

Ferrari Feels the Pinch, Cuts 10% of Jobs: http://exoticcars.about.com/b/2008/1...10-of-jobs.htm

 

Yep, Ferrari not immune, saw the same info on them cutting back:

"Ferrari has acknowledged that it could lay off as many as 300 people this Friday at the earliest. It will also close down its Maranello manufacturing plant for a record 20 days over Christmas.."

 

is that because some folks put their car loans with their home loans?

when their home was foreclosed, order for the ferrari was cancelled. (?)

 

I was just at Miller Ferrari/Maserati in Greenwich CT looking at their cars. This is the first time in many years that I think they are hungry. Two sales persons on the floor was talking loudly about going into uncovered territories to get more sales. I thought the Ferrari sold itself.

I was there for approximately 3 hours and no one else showed up. The saleperson stuck with me like glue the whole time. I think it may be a good time to get a used 430 or 360.

I have been there two years ago and I could not get more than 10 minutes of anyones time.

 

Here is a monthly chart showing auto sales if anyone wants to check it out, http://online.wsj.com/mdc/public/pag...autosales.html.

Oh and by the way having the best year ever has nothing to do with layoffs. The company I work for had the best year ever and we have already had 2 layoffs with more to come. Layoffs have very little to do with what has happened in the past but has everything to do with the future.

 

The sales and market forecast are deciding factors.