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Ferrari Overtaken by Rivals to End Years in Market Fast Lane

Luxury Vehicles At The Gallery Ahead Of North American International Auto Show
Photographer: Daniel Acker/Bloomberg

After racing clear of its rivals for years, Ferrari NV has been relegated to the back row of the stock market grid.

The Italian supercar maker, the top performer in the Stoxx 600 Automobiles & Parts index for each of the last three years, has fallen 5.6% since the start of 2021 and just suffered its worst quarter since the end of 2018. That’s a marked contrast to strong gains by rivals including Volkswagen AG, which owns luxury brands Porsche, Bugatti and Lamborghini.