No, it wasn't.
It wasn't a Ferrari at all, it was a replica/kit car. You could tell that because when they showed the odometer, the gauge had the word "Smiths" on it. Smiths is an English company and there's never been a Ferrari made with Smiths instruments.
The car was made by a company called Modena Design & Development. They used a total of three in the film, all with fiberglass bodies and American V-8s.
They might have got by intact except they used authentic Ferrari badges on the car. This probably never would have come to Ferrari's attention if it hadn't been for the film. Because of the film, they sued the company into oblivion for trademark infringement.