Ferrari is the world’s most powerful brand. Not just simply an opinion of millions of Prancing Horse enthusiasts but also according to an annual list compiled by leading brand valuation experts, Brand Finance. The consultancy reported that clients continue to buy cars built at Maranello year after year.
Ferrari took the number one spot of the top five most powerful brands in 2013 ahead of the likes of Google, Coca-Cola, PwC and Hermes on a list that includes the 500 most famous companies in the world. Due to its size, the Maranello company cannot compete with the large multinational brands in terms of overall revenue. However, its brand rating takes into account other financial metrics, such as net margins, average revenue per customer, advertising and marketing spend, as well as qualitative parameters such as brand affection and loyalty.
“It is always a pleasure to top any list and still more so when the competition includes some of the world’s most famous companies. This achievement proves that even in very tough economic times, Italy can still offer the world businesses of excellence,” commented Ferrari chairman Luca di Montezemolo. “Behind this acknowledgement are exceptional products made by equally exceptional men and women. They made it possible and for that I thank them.”