Stock prices are up, gas prices are tame, so why not buy an expensive Ferrari (RACE) with the biggest possible engine.

At least that's what well-heeled Ferrari shoppers did in the first quarter of this year, as the supercar maker said Thursday that sales of V12 models surged 50 percent from the prior year. Top-selling cars with these power-plants included the GTC4Lusso, LaFerrari Aperta and the F12tdf.

Ferrari's with seemingly wimpy V8 engines fell 3 percent. Total shipments rose 6.4 percent to 2,003 units.

#Ferrari record Q1 shipments: 2,003 cars, up by 6.4% from Q1 2016. #UK: 254, #Germany: 196 cars https://t.co/m3oGCMLUNx #Datavisualization pic.twitter.com/WsDyuPS5mh

— The Missing Graph (@TheMissingGraph) May 5, 2017

Sales in Europe increased by 9 percent, fueled by double-digit sales in Germany, France, Italy and Britain. Deliveries rose 4 percent each in the Americas and the Asian Pacific, which excludes greater China, where sales improved 3 percent.

Total sales came in at Euro 821 million, trouncing estimates for Euro 763.6 million. Operating profits tallied Euro 124 million, ahead of estimates for Euro 101 million.

More top stories on TheStreet:

 Editor's Pick: Originally published May 4.

More from Stocks

Is the Cannabis Crazy Equivalent to the Dot Com Bubble? Watch!

Is the Cannabis Crazy Equivalent to the Dot Com Bubble? Watch!

Eventbrite Shares Surge in NYSE Debut

Eventbrite Shares Surge in NYSE Debut

AeroGrow International Is Ready to Sprout With the Cannabis Surge

AeroGrow International Is Ready to Sprout With the Cannabis Surge

Dow, S&P 500 Jump to Record Highs; Wall Street Looks Past Trade Fears

Dow, S&P 500 Jump to Record Highs; Wall Street Looks Past Trade Fears

GE Stock Won't Be a Buy Until It Acts Like George Costanza

GE Stock Won't Be a Buy Until It Acts Like George Costanza