Risk, returns & timeframes illustration
1 min read
November 14, 2022
by
Regan Pearson

Red hot roadies are back! 🛣️

Jeep’s not the only vehicle company trying to amp up summer roadies. Luxury cars are set to sizzle, with sales rolling in the deep until 2024, despite being known gas guzzlers. Other EV companies are running laps around Ferrari and Lamborghini as they crawl towards electric avenue in first gear.
Risk, returns & timeframes illustration
1 min read
November 14, 2022
by
Regan Pearson

Red hot roadies are back! 🛣️

Jeep’s not the only vehicle company trying to amp up summer roadies. Luxury cars are set to sizzle, with sales rolling in the deep until 2024, despite being known gas guzzlers. Other EV companies are running laps around Ferrari and Lamborghini as they crawl towards electric avenue in first gear.
Table of contents
Free Getting Started Course
Take your first, or next, step to becoming a confident investor with Hatch's free online course – just 10 minutes a day, for 10 days.
Weekly news from Wall St
Subscribe to The Fry Up - your weekly sizzle of headline-grabbing share market news. Read by 60,000 Kiwis to help them take charge of their investing journey.

White Lines, blue skies, Kiwi summer roadies are baaaack, baby! 🚗

While Omicron did its best to steamroll our road trip plans last summer, this year we’re making up for lost time. Festivals are back, the beach is calling and we’re fresh out of excuses not to drive four hours to see the in-laws at Christmas. 🎅🤶 Yep, it’s time to crank up the ultimate summer road trip playlist and get the wheels rollin’. Thanks, Jeep! (STLA). 🎵

One addition to the playlist this summer might need to be James Hype’sFerrari. Despite the economic clouds overhead, demand for luxury sports cars like Ferraris and Lamborghinis is red hot. Or Rosso Corsa hot, to be precise. 🔥 Earlier this month, Ferrari (RACE) said that total vehicle shipments in the third quarter increased 16% year-on-year and that their entire range was almost sold out. Zoom zoom! 🏎️

It could be just as hard to get your hands on a new Lambo this summer. Lamborghini (owned by Volkswagen Group) says they’ve also sold out of new cars through into 2024. Perhaps that’s why the car maker has branched out to selling a collection of NFTs… ’though the ‘Epic Road Trip’ NFT project might be a little late to the party. Trading volumes in NFTs are down 97% from their 2022 peak, back when you could simply blow up a Lamborghini and flog off the pieces as NFTs. 🤷

Both Ferrari and Lamborghini brands are symbols of gas guzzling high performance sports cars, but have been slow to gain traction when it comes to going green. In the race for all-electric vehicles (EVs), the companies are laps behind competitors like Tesla (TSLA). Ferrari expects to introduce its first EV in 2025, while Lamborghini is aiming for 2028. Until then, the cars might be as elusive as our search for Goody Goody Gum Drops ice cream this summer. 🍦

Regan Pearson
Finance writer
Linkedin

We’re not financial advisors and Hatch news is for your information only. However dazzling our writing, none of it is a recommendation to invest in any of the companies or funds mentioned. If you want support before making any investment decisions, consider seeking financial advice from a licensed provider. We’ve done our best to ensure all information is current when we pushed ‘publish’ on this article. And of course, with investing, your money isn’t guaranteed to grow and there’s always a risk you might lose money.

Join the Kiwis who are hatching their tomorrow and have invested more than $1 billion with Hatch.

More recent news articles

More recent learn articles

6 min read
Nov 28, 2023

Black Friday’s record-breaking US$9.8 billion US online sales, US$70.9 billion globally

New Zealand imported Black Friday from the US, but that doesn’t mean we’re spending up large during tighter economic times. While Black Friday spending soared in the US, it seems Kiwis weren’t quite so keen to part with their hard-earned cash. So who was spending up large in record US Black Friday shopping?
Read more
6 min read
Nov 21, 2023

Underrated Thanksgiving stocks and hopes for a seasonal market rally

While 2023 may have felt like a bumpy ride for investors it seems that recession predictions were stymied by a buoyant American economy. Could the road ahead bring in fresh optimism echoing rallies of holidays past?
Read more
5 min read
Nov 14, 2023

Affirm shares surged 24% ahead of holidays splurge

In a world of instant gratification, is buy now pay later (BNPL) just what we do now? While BNPL providers aren't rapidly bringing on more customers and people aren’t using BNPL more, shoppers are missing more payments sinking into a debt cycle helping providers’ revenue to climb. Is this why Affirm’s stock has soared 153% this year?
Read more

More recent news articles

More recent learn articles

6 min read
Nov 28, 2023

Black Friday’s record-breaking US$9.8 billion US online sales, US$70.9 billion globally

New Zealand imported Black Friday from the US, but that doesn’t mean we’re spending up large during tighter economic times. While Black Friday spending soared in the US, it seems Kiwis weren’t quite so keen to part with their hard-earned cash. So who was spending up large in record US Black Friday shopping?
Read more
6 min read
Nov 21, 2023

Underrated Thanksgiving stocks and hopes for a seasonal market rally

While 2023 may have felt like a bumpy ride for investors it seems that recession predictions were stymied by a buoyant American economy. Could the road ahead bring in fresh optimism echoing rallies of holidays past?
Read more
5 min read
Nov 14, 2023

Affirm shares surged 24% ahead of holidays splurge

In a world of instant gratification, is buy now pay later (BNPL) just what we do now? While BNPL providers aren't rapidly bringing on more customers and people aren’t using BNPL more, shoppers are missing more payments sinking into a debt cycle helping providers’ revenue to climb. Is this why Affirm’s stock has soared 153% this year?
Read more