The contract cancellations will be effective as of 10 June, 2010 and the reformed network will be made up of so-called A- and B-class outlets.

Josef Smoly, general manager of Ferrari Austria, told Automobilwoche the Italian brand’s German outlets were being hit especially hard. He said the contracts of six German dealers would not be renewed, a move that would cut the country’s current network by one-third. Smoly confirmed that Ferrari’s two Austrian dealers had also been cancelled but said he was sure they would be renewed. It is not yet known if the luxury carmaker’s 15-strong network will be affected by the changes. Ferrari has said it made the cancellations to improve communication between the manufacturer and its dealers. The cancellations are in accordance with the current Block Exemption Regulation, which states that dealers must receive two years’ notice of termination.