Ferrari S.p.A is the Italian sports car manufacturer based in Maranello and was founded by Enzo Ferrari in 1939 as Auto Avio Costruzioni. The company built its first car in 1940, however the company's inception as an auto manufacturer is usually recognized in 1947, when the first Ferrari-badged car was completed.
Founded in 1962, the Ferrari Club of America has grown from a small organization of about a dozen diehard enthusiasts to 6,500 members who participate in hundreds of diverse and interesting activities every year. Members can participate in activities in their Home Region and any of the other 16 Regions and 40 Chapters across the United States, Canada and Mexico. The 6,500 members of the world’s largest Ferrari club, the Ferrari Club of America, enjoy track events, an internationally recognized Concours d'Elegance, and a wide variety of year-round social activities. There are sixteen Regions throughout the U.S. and Canada that maintain a full calendar of events that include full social gatherings, parties, track events, rallies, drives and charitable events. The Annual Meeting, with hundreds of Ferraris, a Swap Meet, Concours, Rally, track event, and banquets draws participants and cars from around the world.
Ferrari is the world's most powerful brand according to Brand Finance. In May 2012 the 1962 Ferrari 250 GTO became the most expensive car in history, selling in a private transaction for US $38.1 million to American communications magnate Craig McCaw. Throughout its history, the company has been noted for its continued participation in racing, especially in Formula One, where it is the most successful racing team, holding the most constructors championships at 16