Motorsport Network launches Ferrari Marketplace, justRED.com

Motorsport Network introduces a new exclusive online marketplace dedicated to Ferrari, enabling affluent buyers and sellers the ability to interact and transact on the most revered luxury sports car.

Motorsport Network launches Ferrari Marketplace, justRED.com

Miami – June 29, 2021 – Fueled by a passionate audience of owners, collectors, and enthusiasts across FerrariChat, Canossa & Cavallino, Motorsport Network has launched justRED.com as the new, premier marketplace dedicated exclusively to Ferrari.  Motorsport Network’s integrated digital platform has a global monthly reach of 61 million automotive and racing fans.

Leveraging existing peer-to-peer transactions within the FerrariChat community, justRED.com brings a unique solution to connect Ferrari buyers and sellers with a network of certified Ferrari dealers, offering an innovative transactional experience. justRED.com provides dealers and private sellers with direct access to the world's largest audience of engaged Ferrari owners and enthusiasts. A recent study reports Ferrari as having a 24% share of the super-luxury automotive market, and at auctions in 2020, Ferrari led with a 41% share of all super luxury automobile lots. Both insights are indications of the high desirability of Ferrari amongst the ultra-affluent and signal the appeal for a marketplace dedicated to the Prancing Horse.

 

justRED.com joins Motorsport Network’s Driven Lifestyle division along with the recently announced duPont Registry, and Hammer Price acquisitions. The new division is the culmination of the culture, community, and commerce of the world’s luxury and classic automotive lifestyle in one ecosystem. The Driven Lifestyle portfolio features Canossa Events, synonymous with excellence in road touring, that organizes nearly 270+ marquee experiences per year for driving enthusiasts. Part of Canossa Events, Cavallino is a preeminent media and concours events company that hosts landmark events for high-end automotive collectors and admirers, such as the 30th Annual Palm Beach Cavallino Classic, and provides a powerful network of content serving a global Ferrari community. Dedicated to the artform of luxury vehicles, Amalgam Collection, founded in 1985, designs and builds exquisite custom high-end car models. The new justRED.com marketplace will benefit from the cross-promotion and integration within the Driven Lifestyle division. Additionally, with FerrariChat, the leading global social platform and foremost voice on Ferrari, with 20+ years of experience connecting an impressive audience of registered members, justRED.com has direct access to a highly engaged  and knowledgeable Ferrari audience.

Rob Lay, Managing Partner, FerrariChat, said: "FerrariChat has been the #1 online community for Ferrari owners and enthusiasts for over 20 years. Part of that community has been a successful marketplace for buyers and sellers of Ferraris. We are pleased to partner with the justRED.com marketplace to expand the inventory available to the FerrariChat community and provide more qualified buyers for authorized dealers, independents, and individual Ferrari sellers at justRED.com."

Luigi Orlandini, President, Canossa & Cavallino said: "justRed.com is an incredible new venture. As a Ferrari collector, I see tremendous opportunity with this marketplace as the best place to find the car you are looking for and to sell your car to the right audience. As a company that creates driving experiences, I’m excited by the many synergies we will be able to create with this new business platform."

Images can be found here.

For more information, please contact:

Alice Holloway, Patterrn – alice@patterrn.com

About Motorsport Network

Every month over 61 million dedicated users visit a Motorsport Network digital property, to buy, to learn, to be entertained, or simply to feed their passion for cars and racing. We sit at the heart of the Racing and Automotive industries and provide authoritative thought leadership as well as unique experiences to our customers. We take them on a customer journey that encompasses news and insights, events, tickets, games, and eSports, so we leverage the network effect to add value to their experience.  We use our in-house technology and modern data tools to continuously test, learn, and improve. Our processes, content creation, and products are constantly evolving to better serve our audience.

To read all Motorsport Network announcements, please click here.

 

FORWARD-LOOKING AND OTHER CAUTIONARY STATEMENTS

While the pending acquisitions of duPont Registry and European Sport Communication ("ESC") are expected to close by December 31, 2021, they remain subject to satisfaction of customary closing conditions and, in the case of ESC, to the execution of definitive documentation. Any statements contained in this press release that are not statements of historical fact may be deemed forward-looking statements. Words such as "continue," "will," "may," "could," "should," "expect," "expected," "plans," "intend," "anticipate," "believe," "estimate," "predict," "potential," and similar expressions are intended to identify such forward-looking statements. All forward-looking statements involve significant risks and uncertainties that could cause actual results to differ materially from those expressed or implied in the forward-looking statements, many of which are generally outside the control of Motorsport Network, LLC (the "Company") and are difficult to predict. Accordingly, the Company does not assume responsibility for the accuracy or completeness of any forward-looking statement and readers should not rely on any forward­-looking statements as predictions of future events. The forward-looking statements in this press release include, without limitation, the Company’s beliefs, expectations, and/or estimates about the following: (i) the Company’s plans to expand the inventory available to the FerrariChat community and provide more qualified buyers for authorized dealers, independents, and individual Ferrari sellers at justRED.com; and (ii) the Company’s belief that justRed.com is a tremendous opportunity with this marketplace as the best place to find the car you are looking for and to sell your car to the right audience and that the Company will be able to create many synergies with this new business platform. The Company's actual results may differ materially from such forward-looking statements for a number of reasons, including, without limitation, risks and uncertainties relating to: (i) less than expected benefits from justRed.com, such as difficulties and/or delays in expanding the availability of Ferrari inventory, such as due to ongoing delays and/or greater than anticipated disruptions due to the prolonged COVID-19 pandemic or other related factors; and/or (ii) less than expected synergies from justRed.com, such as due to the Company’s inability to successfully manage the justRed.com business platform and its related services and/or technologies. Factors other than those referred to above could also cause the Company’s results to differ materially from expected results. The Company anticipates that subsequent events and developments may cause its plans, intentions, and expectations to change. The Company assumes no obligation, and it specifically disclaims any intention or obligation, to update any forward-looking statements, whether as a result of new information, future events, or otherwise, except as expressly required by law. Forward-looking statements speak only as of the date they are made and should not be relied upon as representing the Company’s plans and expectations as of any subsequent date. Additionally, the business and financial materials and any other statement or disclosure on, or made available through, the Company’s websites or any other websites referenced or linked to this press release shall not be incorporated by reference into this press release.

shares
comments
Tony Stewart goes from last to first in Eldora SRX win

Previous article

Tony Stewart goes from last to first in Eldora SRX win

Next article

What is the future for motorsport? Motor Valley Fest has the answers

What is the future for motorsport? Motor Valley Fest has the answers
Load comments
The one-time Schumacher rival rebooting his career Down Under Prime

The one-time Schumacher rival rebooting his career Down Under

Joey Mawson made waves in the middle of the last decade, beating future Haas Formula 1 driver Mick Schumacher - among other highly-rated talents - to the 2016 German F4 title. A run in F1's feeder GP3 category only caused his career to stall, but now back in Australia Mawson's S5000 title success has set that to rights

General
May 20, 2021
Why Todt’s FIA successor could be cut from the same cloth Prime

Why Todt’s FIA successor could be cut from the same cloth

Jean Todt has signalled that he will not stand for re-election as FIA president. Mark Gallagher analyses the strong credentials of one potential successor…

General
May 2, 2021
The lesson football’s would-be wreckers could learn from racing Prime

The lesson football’s would-be wreckers could learn from racing

OPINION: The greed-driven push for a European Super League that threatened to tear football apart is collapsing at the seams. Motor racing's equivalent, the football-themed Superleague Formula series of 2008-11, was everything that the proposed ESL never could be.

General
Apr 21, 2021
The real-life racing rogues stranger than fiction Prime

The real-life racing rogues stranger than fiction

The forthcoming Netflix film linking the world of underworld crime and motorsport plays on a theme that isn't exactly new. Over the years, several shady figures have attempted to make it in racing before their dubious dealings caught up with them.

General
Jan 31, 2021
The cherished curios kept by motorsport's professionals at home Prime

The cherished curios kept by motorsport's professionals at home

Keeping trophies and momentos of key triumphs is par for the course for motorsport professionals, but what are the most cherished souvenirs picked up by the drivers and engineers who have seen and done it all?

General
Dec 26, 2020
Why motorsport should consider a mid-week future Prime

Why motorsport should consider a mid-week future

International motorsport has been the preserve of weekends, but the pandemic forced Formula E to get creative with its Berlin season finale as four races were held mid-week. Should FE and other series break with tradition and repeat the experiment?

General
Oct 5, 2020
How pragmatic principles made Ron Tauranac a design legend Prime

How pragmatic principles made Ron Tauranac a design legend

Jack Brabham's 1966 world championship campaign in his eponymous car was also a defining moment in the career of designer Ron Tauranac, who would apply the same ethos to his ultra-successful production racing car business, Ralt.

General
Jul 23, 2020
The ingrained failure motorsport must fix to avoid 'turf wars' Prime

The ingrained failure motorsport must fix to avoid 'turf wars'

OPINION: The FIA has warned that the major motorsport championships must not get engaged in 'turf wars' when it comes to the urgent need to re-organising the 2020 calendars, but there are tedious past problems that must be addressed to satisfy all.

General
May 3, 2020