Sales of Ferrari and Maserati models slumped 51.5 and 70 percent, respectively, according to figures released by Italian car dealers group Federauto for the first quarter of 2012.

Italian sales of Ferrari and Maserati models slumped 51.5 and 70 percent, respectively, according to figures released by car dealers group Federauto for the first quarter of 2012.

According to a Reuters report, who cites an industry body, the sales withdrawal was caused by Prime Minister Mario Monti's government by increasing tax audits targeted to supercar owners in addition to higher taxes imposed on large vehicles.

"These figures show how the choices made by the government are literally terrorizing potential clients," said Federauto Chairman Filippo Pavan Bernacchi.

 

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