The main essence of the logo hasn't changed since its inception. The black prancing horse and the colours of the Italian flag have stayed the same with minor changes. This makes it more recognizable across generations.
Years 1929 to 1931 saw the introduction of the iconic black prancing horse with the shield, and the Italian national flag inspired the logo. The letters at the logo's base read "SF," which translates to Scuderia Ferrari.
From 1931-1939, a few updates were made. The SF grew lighter with the Italian national flag colours- green, white, and red- being adopted. The top of the logo became more horizontal than the earlier curved top.
Years 1947-2002 saw the replacement of the shield with a rectangle. The black prancing horse was made sleeker by introducing the entire word "Ferrari." Black lines separated the colours of the Italian flag.
The current logo has been the same since 2002. A minor change involved the removal of the black lines separating the colours. The font of the 'I' in Ferrari was also altered to look more regal.
The logo hits the perfect chord with the colour combinations. The colours green, white and red are perfectly blended to create something memorable.
The logo is very simple in its appearance. They are well adjusted and look very sleek and classy, synonymous with Ferrari.
The unique thing about this logo is that it is complex yet simple enough. The black prancing horse is a complicated structure to make, yet it is clean and royal if you look at the logo itself.
The current logo has been a constant feature on every new launch from Ferrari since 2002 but would it continue to be there in the future? Well, the answer is known only to the company management. So, till then, enjoy the exceptionally designed logo in all its glory.