Ferrari posted a record turnover, with profits becoming higher despite selling fewer cars in 2012. The Maranello-based sports car manufacturer delivered 6,922 vehicles in 2013, 5.4 percent less than the year before. Revenues rose by 5 percent, reaching an unprecedented €2.3 billion ($3.16 billion).

The financial results are impressive considering that Ferrari made investments of €337 million in 2013, including Research and Development.

“We wanted to maintain a high level of exclusivity, designing amazing products such as the LaFerrari, the 458 Speciale and the just launched California T, the result of significant investment in product and technological innovation,” said Ferrari President Luca di Montezemolo.