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INVENTORIES | 12 Months Ended
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Dec. 31, 2022
Inventories [Abstract] |
INVENTORIES | 17. INVENTORIES
| At December 31,
| 2022 |  | 2021
| (€ thousand)
Raw materials | 142,430 |  |  | 99,382 |
Semi-finished goods | 145,459 |  |  | 121,201 |
Finished goods | 386,773 |  |  | 319,992 |
Total inventories | 674,662 |  |  | 540,575 |
The increase in inventories is mainly due to higher car volumes and the start of production of new models. The amount of inventory write-downs recognized as an expense within cost of sales during 2022 was €18,021 thousand (€9,392 thousand in 2021 and €21,155 thousand in 2020). Changes in the provision for slow moving and obsolete inventories were as follows:
| 2022 |  | 2021
| (€ thousand)
At January 1, | 102,098 |  |  | 96,707 |
Provision | 18,021 |  |  | 9,392 |
Use and other changes | (9,156) |  |  | (4,001) |
At December 31, | 110,963 |  |  | 102,098 |

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