Switzerland has so many millionaires that in 2024, one out of every 18,000 Swiss citizens purchased a brand-new Ferrari

Image - Ferrari


In a remarkable display of luxury car enthusiasm, Switzerland has emerged as an extraordinary market for Ferrari in 2024, with one supercar finding a home for every 18,000 residents. According to a report by Italian publication Everyeye, the wealthy Alpine nation recorded an impressive 474 Ferrari registrations last year, highlighting the unique relationship between Swiss consumers and the prestigious Italian marque.

The Ferrari 296. Image – Prestige Dealers

The sales breakdown reveals interesting preferences among Swiss buyers, with the Ferrari 296 leading the charge at 141 units, followed by the Purosangue SUV at 114 units, and the flagship 812 model contributing 48 sales. This performance is particularly noteworthy when compared to other European markets. Italy, Ferrari’s home country, typically sees around 700 sales annually (one per 84,000 inhabitants), while France registered 347 units in 2024 (approximately one per 200,000 inhabitants). Compare this to the U.S., where Ferrari sold 3,527 units in 2024, which translates to one per 98,222 Americans.

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The Ferrari dealership in Zurich. Image – Facebook / B. I. Collection – Ferrari Zurich

Switzerland’s exceptional Ferrari adoption rate can be attributed to its remarkable economic strength. With a GDP per capita of approximately $93,000 (as of 2024), Switzerland consistently ranks among the world’s wealthiest nations. This economic prowess is reflected in its highly developed banking sector, strong currency, and robust industrial base, particularly in pharmaceuticals and precision manufacturing.


The country’s wealth is distributed relatively evenly compared to other developed nations, creating a broader pool of potential luxury car buyers. Swiss citizens benefit from high disposable incomes, strong purchasing power, and a stable economic environment that encourages investment in luxury assets.

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Beyond pure economics, Switzerland’s strategic location, sharing borders with Italy, France, and Germany, has historically fostered a strong automotive culture. The country’s well-maintained roads and iconic mountain passes, such as the Stelvio Pass and Gotthard Pass, provide the perfect setting for high-performance vehicles, making it an ideal market for Ferrari’s thoroughbred machines.

Image – Ferrari

This unprecedented success in Switzerland underscores Ferrari’s enduring appeal in markets where purchasing power meets automotive passion, demonstrating that even in an era of increasing electrification and environmental consciousness, the allure of Maranello’s finest remains undiminished.

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