07:40 AM EDT, 10/17/2025 (MT Newswires) -- Ferrari (RACE) is selling a smaller number of cars in the UK as it seeks to stem declining residual values prompted by the departure of wealthy individuals from the country due to higher tax structures, the Financial Times reported on Friday, quoting CEO Benedetto Vigna.

The report noted that Ferrari has "significantly" reduced the allocation of its cars to the UK, coinciding with the abolition of non-domicile status in April.

Ferrari didn't immediately reply to MT Newswires' request for comment.

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