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Ferrari shipped more than 2000 cars globally over the first quarter of 2017, up 121 units over the same period last year, driven in part by a 50 per cent increase in V12s.

First-quarter figures from Maranello show that 1034 of these sales were to the Europe, Middle East and Africa region (EMEA), 545 were to the Americas and 161 were to China, Hong Kong and Taiwan. Meanwhile, the Asia Pacific region (outside of China) comprised 263 shipments, 58 of which were to Australia.

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The Q1 figures put Ferrari on track for about 8400 shipments this year based on internal projections, reflecting its decision under FCA boss Sergio Marchionne to gradually increase the 7000-unit cap enforced by previous head, Luca di Montezemolo.

The sales growth was attributed partly to a 50 per cent increase in sales of its 12-cylinder models, partially offset by the 8-cylinder models (down 3 per cent). The V12s’ strong performance was led by the GTC4Lusso, LaFerrari Aperta and the F12tdf, partially offset by the F12berlinetta.

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All regions contributed positively. EMEA expanded by 8.8 per cent with Germany, France, Italy and United Kingdom growing at double-digit pace. Americas increased by 4.2 per cent.

Meanwhile net revenue grew more than 20 per cent (currency adjusted) to 821 million euros, net profit climbed 60 per cent to 124 million units, and net industrial debt was cut to 578 million euros, down by 75 million euros.

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