System, Features, and Cost/Residual of Ford and Ferrari

Ford or Ferrari
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History has been replete with many famous rivalries. From the classic David vs Goliath in the Biblical times, to the epic rumble in the jungle between Muhammed Ali vs Joe Frazier, from the iconic Usain Bolt vs, well, the world record, to the subtle yet gruesome clash of ideas between Bill Gates and Steve Jobs, or the modern-day soccer rivalry between Barcelona and Real Madrid, history has served us with its fair share of rivalries. One such rivalry fits in this elite group, the rivalry between Ford and Ferrari. These two companies have been going at each other for a very long time, with the rivalries stemming right from their founders. The result is that the consumer has enjoyed quite a spectacle when it comes to classic, top of the range machines from the two. However, looking at the finer details can help draw the line between the two.
Ford is a line of vehicles made by an American owned automobile vehicle manufacturer called Ford Motor Company. It was formed in 1903 by a great industrialist called Henry Ford. Ford’s vehicle manufacturing model was based on the mass production of vehicles to serve the general population. In 2019, the Ford Motor Company sold around 5,400,000 cars to distributors as well as vehicle dealers worldwide. 2019 sales revenue stood at USD 155.9 billion (Wagner, 2020). The United States market contributed around 44% of those sales. The highest selling model of the Ford vehicles is the F-Series. Other commonly known models of the Ford franchise include the Ford Mustang and the Ford Fiesta. The flagship model of the Ford is the Mustang. The Ford logo is blue and white, oval in shape, and has the word ‘Ford’ written on it. An average Ford costs around USD 37,000 to the customer. It has an average residual value of USD 22,000 after three to five years of service to the owner.
Their current management is led by their president and CEO, James D. Farley while their executive chairman is William Clay Ford Jr, a distant relative of the late founder. The company’s headquarters is in Dearborn, Michigan. They have an annual production output of 5.5 million vehicles as at 2019.
Ferrari is an Italian car company that was formed in 1947. It was started as a sports car company by their founder Enzo Ferrari, a racing enthusiast that had formed the Scuderia Ferrari racing team back in 1929. In the year 2019, Ferrari sales worldwide were a record breaking 10,131 vehicles. This was their highest ever sales record per year since inception. Over 25% of those sales came from the Asian market. The highest selling model of the Ferrari series of vehicles is the 458 Italia. The other known popular models of the Ferrari include the Ferrari F8 Spider and the Ferrari F12. The flagship model of the Ferrari is the SF90 Stradale. The Ferrari logo is a horse standing on its rear two feet, against a yellow background. Generally, Ferraris are high end vehicles that are a reserve of the elites in society. The average cost of one ranges between USD 200,000 and USD 300,000. However, the residual value of the Ferrari ranges between USD 165,000 to USD 200,000 on average.
Their current CEO is Louis C. Camilleri, who has been at t...