1241 GMT - Ferrari dealers have framed the new Luce EV as a low-volume, compliance-driven addition to the Italian automaker's line-up that doesn't threaten its core franchise, Berenberg analysts write in a note. The bank says feedback from dealers points to exceptionally strong demand for special models and core combustion-powered cars, and moderating declines in hybrid residual values, with one dealer describing the collector market as "insane." Reception of the Luce styling and pricing is poor across every region, but early order intake feedback suggests it should meet the market's volume expectations. Berenberg says it has greater conviction that Ferrari intends to introduce a combustion engine successor to the 296, which would reinvigorate the core customer base. "On balance, this leaves us confident in our buy rating." Shares fall 0.7%. (dominic.chopping@wsj.com)
(END) Dow Jones Newswires
June 03, 2026 08:41 ET (12:41 GMT)
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