ΔE 12.5, fair: the same colour family, but not a straight swap. Ferrari Red is a little darker, warmer than Space Red.
Only where an exact match doesn’t matter, such as a new unit or a highlight. Fair match (ΔE 13). Ferrari Red is a little darker, warmer than Space Red.
The same difference applies the other way round: Space Red is a little lighter, cooler.
ΔE is the colour difference between our two swatch estimates: under about 6 is close, over about 15 is loose. Real paints also differ in finish, coverage and how they thin, so test before you commit.
See Space Red on the colour wheel See Ferrari Red on the colour wheel
All matches: Space Red equivalents · Ferrari Red equivalents