Ferrari's $400K SUV is sold out until 2026
Purosangue is the brand's first four-door
If you stop by your friendly local Ferrari dealer today and order a car, it will be two years before you get it.
But it's three for an SUV.
The Italian exotic car brand announced a 27% increase in first-quarter profits Thursday, boosted by the launch of its Purosangue SUV, the brand's first four-door model.
Total sales were up 10% from the same quarter last year to 3,567 vehicles.
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The Purosangue is Ferrari's first four-door production model. (Ferrari / Fox News)
The stock price closed at an all-time high of $291.79 on the news.
Ferrari CEO Benedetto Vigna said the Purosangue has exceeded expectations.
The Purosangue starts at approximately $400,000. (Ferrari / Fox News)
""We were caught by positive surprise for these strong interest," Vigna said during the company's earnings call.
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The order book for the $400,000 Purosangue was filled and closed shortly after its reveal last year, but have now been reopened. The name is Italian for "thoroughbred" and it comes standard with a 715 horsepower V12 engine.
The Purosangue is powered by a 715 horsepower V12 engine. (Ferrari / Fox News)
However, new orders will not be filled until 2026, while the rest of the Ferrari lineup is sold out until 2025.
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Neverthleess, Vigna reiterated a pledge to restrict Purosangue production to 20% of the brand's overall sales, to retain its exclusive image.
Reuters contributed to this report