Cross-promotional integration and the integration of the Driven Lifestyle division will be a benefit to the new justRED.com marketplace.
All FerrariChat , Canossa & Cavallino , Motorsport Network Has launched JustRED .com is the premier marketplace exclusively dedicated to Ferrari. Motorsport Network’s digital platform integrates with 61 million racing and automotive fans worldwide.
justRED.com leverages existing peer-to-peer transactions in the FerrariChat community to bring a unique solution for connecting Ferrari buyers and sellers with a network certified Ferrari dealers. This allows for an innovative transactional experience. justRED.com gives private sellers and dealers direct access to the largest Ferrari enthusiast and owner community. Recent research shows that Ferrari holds a 24% share in the super-luxury automobile market. In 2020 auctions, Ferrari dominated with 41% of all super-luxury car lots. These insights show the high desire for Ferrari among the super-affluent. They also signal the attraction of a market dedicated to the Prancing horse.
justRED.com joins Motorsport Network’s Driven Life division, along with the duPont Registry and Hammer price acquisitions. The new division combines the best of both the classic and luxury automotive lifestyles in one place, bringing together culture, commerce, and community. The Driven Life portfolio includes Canossa Events. This company is known for its excellence in road touring and organizes almost 270+ marquee experiences each year for drivers. Cavallino, part of Canossa events, is a leading media and concours events company. It hosts iconic events for collectors and admirers of high-end cars, such as the 30 Annual Palm Beach Cavallino Classic. The content serves a strong network serving a worldwide Ferrari community. Amalgam Collection is a luxury vehicle design and build company that was founded in 1985. Cross-promotional integration and integration with the Driven Life division will be a benefit to the new justRED.com marketplace. JustRED.com also has direct access with FerrariChat. This is the world’s leading social platform for Ferrari and the foremost voice on Ferrari. With over 20 years of experience connecting a large audience, FerrariChat offers a unique opportunity to connect with a passionate and knowledgeable Ferrari audience.
Rob Lay is the Managing Partner of FerrariChat. “FerrariChat was established over 20 years ago and has been the most popular online community for Ferrari enthusiasts and owners. A marketplace has emerged to help buyers and sellers of Ferraris. We are happy to work with justRED.com to increase the availability of Ferraris for the FerrariChat community as well as provide qualified buyers for independents and authorized dealers.
Luigi Orlandini President, Canossa & Cavallino stated that “justRed.com” is an amazing new venture. This marketplace is the best place for Ferrari collectors to find the car they are looking for, and also to sell their car to the right people. This new platform will allow us to create many synergies as a company that creates driving experiences.
Over 61 million people visit Motorsport Network digital properties every month to purchase, learn, entertain, or just to share their love for cars and racing. Our customers have unique experiences and we are a key part of the Racing and Automotive industry. We lead them on a customer journey, which includes news, insights, tickets, games and eSports. This allows us to leverage the network effect to enhance their experience. Our in-house technology is combined with modern data tools to constantly test, learn and improve. To better serve our audience, we are continuously improving our processes, content creation, products, and services.
The acquisitions of duPont Registry (“ESC”) and European Sport Communication (“ESC”) are expected close by December 31, 2021. However, they remain subjected to satisfying customary closing conditions and, in case of ESC to the execution definitive documentation. Forward-looking statements may include statements that are not historical facts. Forward-looking statements can be identified by words such as “continue”, “will,”” “could”, “could,” or “should,” and “expected,” among others. Forward-looking statements are subject to significant risks and uncertainties. Actual results could differ materially from the ones expressed or implied by the forward-looking statement. Many of these factors are beyond the control of Motorsport Network, LLC (“the “Company”), and can be difficult to predict. Forward-looking statements are not guaranteed to be accurate or complete. Readers should not consider forward-looking statements as predictions about future events. Forward-looking statements include the Company’s beliefs, expectations and/or estimates regarding the following: (i), the Company plans to increase the FerrariChat community’s inventory and provide more qualified buyers for authorized Ferrari sellers at justRED.com; (ii), the Company believes that justRed.com offers a tremendous opportunity to find the right car and sell it to the right people and that the Company can create many synergies through this new platform. Actual results could differ materially from these forward-looking statements due to a variety of factors, including: (i) the Company’s plans to expand the FerrariChat community and provide more qualified buyers for authorized dealers, independents, and individual Ferrari sellers at justRED.com; (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 to justRed.com platform and related services and/technology and/services and/or technology. Other factors than those mentioned above may also affect the Company’s actual results. The Company expects that future events and developments could cause its plans, intentions and expectations to shift. The Company does not assume any obligation and specifically disclaims any intention to make any forward-looking statements. This could be due to new information, future events or other factors, but only as required by law. Forward-looking statements are only accurate as of the date made. They should not be interpreted as a representation of the Company’s plans or expectations for the future. This press release does not include any reference to the financial and business materials or any other statements or disclosures made on or made available through the Company’s websites, or any other websites linked or referenced in it.