Sergio Marchionne gives update on model sales

Sergio Marchionne, Ferrari N.V. - Chairman & CEO on Conference call with investors , Nov 2, 2017:

"Our shipment reached 2,046 units, up 68 units or 3.4% versus prior year. Results were driven by a 27% increase in V12, thanks to the GTC4Lusso, LaFerrari Aperta and 812 Superfast, which just arrived in EMEA. V8 posted a few units decrease due to the California T phasing out, partially offset by the 488 family and the GTC4Lusso T. In terms of portfolio turnover, the California T and F12berlinetta are phasing out. The newly launched Ferrari Portofino will commence deliveries in 2018 and already has a robust waiting list.

We had a solid performance of the 488 and the GTC4Lusso families as well as LaFerrari Aperta. The 812 Superfast just arrived in EMEA. EMEA expanded by 5.1%, with France and Italy growing at double-digit pace. United Kingdom was up mid-single digits, while Germany was in line with prior year, mainly due to the California T and the F12berlinetta phasing-out.

This was partially offset by Middle East down to the reallocation triggered by tough market conditions. Americas showed a 5% increase and rest of Asia Pacific grew 7.1%, with Japan being a relevant contributor. Combined deliveries in China, Hong Kong and Taiwan were down 15.6% due to the slowdown in Hong Kong as the new dealership became fully operational in Q3 2017. As a result of all of the above shipments for the group were up 3.4%."

So, China and Middle-East down, but the rest rather good? what is your read on these comments?