The Ferrari factory sold the TRC to private customers all over the world as a winning weapon in the sports car races. Several TRCs originally had two-tone paint, and not many were coloured the typical Ferrari racing red. The small group of 19 cars was produced within one year. Less than twelve months after its introduction, however, the 500 TRC was replaced by the 12-cylinder 250 Testa Rossa, which despite being more powerful was produced in greater numbers. As the last four-cylinder sports racing car, the 500 TRC truly marked the end of an era at Ferrari.
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Ferrari S.p.A. is a sports car manufacturer based in Maranello. Founded by Enzo Ferrari in 1939 as Auto Avio Costruzioni, the company built its first car in 1940, the company's inception as an auto manufacturer is recognized in 1947 when the first Ferrari-badged car was completed.