Ferrari enjoys record profits with more cars sold in the UK than any other European country

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Italian supercar company Ferrari enjoyed record profits last year, as more of the cars were sold in the UK than any other European country.

Ferrari made an all-time high net profit of 264 million euros (£217 million)  in 2013, - a 5.4 per cent rise on what it achieved in 2012.

The year also saw UK overtake Germany as the company’s strongest European market.

A total of 677 Ferraris were sold in the UK.

Ferrari made record profits despite reporting that it sold 5 per cent fewer cars in 2013 than it did in 2012, with the total delivered to dealerships in 2013 dipping to 6,922.

“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,” explained Ferrari's president, Luca di Montezemolo.

Sales in Ferrari's home country fell to 205, as Italy now represents only 3 per cent of its worldwide sales.

The US remains Ferrari's biggest market with more than 2,000 vehicles delivered to the country last year.

Additional reporting by PA