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.
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.
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
Getting Started Investing course
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.
The Fry up logo with fried egg
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.

Explore another series
Tax
Money
Economy
Investing

More recent news articles

Recent learn articles

6 min read
Jul 9, 2024

Can Nike’s Olympic dream rebound stock after 20% plummet?

Kiwi athletes are not the only ones aiming for Olympic gold in Paris this July. Nike is pinning hopes on the ‘pinnacle’ event to gain exposure, with the Olympic Committee for the first time allowing non-sponsor brands to post Olympic content in social media. Could the Games help Nike reach for gold, up from their expected 10% sales dip?
Read more
7 min read
Jun 19, 2024

Apple Intelligence sparks ‘record-high’ stock bounce back

It’s been called ‘killer AI’ and ‘groundbreaking’, but is Apple’s play for AI supremacy a simple game of catch up? Or has Apple changed the AI game forever? The difference between Apple Intelligence and other Big Tech AI is their custom silicon chip built into Apple devices. The result is seamless, high speed, accurate AI integration. So what does it mean for investors?
Read more
6 min read
May 28, 2024

The US vs Live Nation; stocks fall nearly 8% in a day

Following Ticketmaster’s Taylor Swift ticketing blunder, Tay-Tay's fans united fans to sue music event behemoth Live Nation. Now, after two years of investigation, the US Department of Justice has banded together with nearly 30 US states and have sued parent, Live Nation Entertainment. So what do they allege, and can they win?
Read more

Related news articles

More recent learn articles

No items found.

Recent news articles

More recent learn articles

6 min read
Jul 9, 2024

Can Nike’s Olympic dream rebound stock after 20% plummet?

Kiwi athletes are not the only ones aiming for Olympic gold in Paris this July. Nike is pinning hopes on the ‘pinnacle’ event to gain exposure, with the Olympic Committee for the first time allowing non-sponsor brands to post Olympic content in social media. Could the Games help Nike reach for gold, up from their expected 10% sales dip?
Read more
7 min read
Jun 19, 2024

Apple Intelligence sparks ‘record-high’ stock bounce back

It’s been called ‘killer AI’ and ‘groundbreaking’, but is Apple’s play for AI supremacy a simple game of catch up? Or has Apple changed the AI game forever? The difference between Apple Intelligence and other Big Tech AI is their custom silicon chip built into Apple devices. The result is seamless, high speed, accurate AI integration. So what does it mean for investors?
Read more
6 min read
May 28, 2024

The US vs Live Nation; stocks fall nearly 8% in a day

Following Ticketmaster’s Taylor Swift ticketing blunder, Tay-Tay's fans united fans to sue music event behemoth Live Nation. Now, after two years of investigation, the US Department of Justice has banded together with nearly 30 US states and have sued parent, Live Nation Entertainment. So what do they allege, and can they win?
Read more