Fiat reported second-quarter earnings today, of which Maserati and Ferrari were the only real bright spots.
Overall, Fiat experienced a drop in year-over-year profits, but their luxury division excelled.
Bloomberg’s Francesca Cinelli wrote, “Fiat’s luxury division, which includes the Maserati and Ferrari brands, posted a 58 percent jump in earnings while deliveries almost tripled.”
Ferrari is performing about the same in the United States as last year, but Maserati sales have exploded by a whopping 329% year-over-year through June.
Maserati hopes to capture more of the U.S. market share moving forward as the company continues to expand its offering of vehicles.