Production of the Ferrari SF90 Stradale has been delayed because of the coronavirus pandemic.
The Italian automaker had intended on starting customer deliveries of the SF90 Stradale in the first half of 2020. However, during an earnings call this week, it confirmed that deliveries of the SF90 Stradale won’t start in Europe until later this year, with U.S. shipments scheduled to commence roughly two months after.
“We are confident that deliveries to our clients will begin early in the fourth quarter, but the ramp-up in production will inevitably be delayed,” Ferrari chief executive Louis Camilleri said in a statement.
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In its earnings call, Ferrari trimmed sales forecasts for the rest of the year after reporting decreased core earnings in the second quarter. The automaker also revised guidance on adjusted earnings before tax, depreciation and amortization to between €1.075 billion and €1.125 billion ($1.26 – $1.32 billion), AutoNews reports.
Ferrari added that the waiting time for customers to take delivery of their SF90 Stradale’s will be on average more than 18 months after an order is placed. Camilleri said it will be a “very tall order” to overcome supply chain issues and ramp up production to bring these waiting times down.
The delay comes down to Ferrari having to shut its factory until May 3 after the Covid-19 lockdown. Many of its suppliers reopened later than that. In Italy, prices for the SF90 Stradale start at €430,000 ($509,000), almost €100,000 ($119,000) more than the brand’s next most expensive series production model, the Ferrari 812 GTS.
