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Reading: Lamborghini has already sold all its cars until 2024
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Transport

Lamborghini has already sold all its cars until 2024

According to Lamborghini's boss, the full production run through early 2024 has already been pre-sold, indicating that luxury goods are most...

Chima Joseph Ugo
Chima Joseph Ugo - Editor-in-chief August 23, 2022
Updated August 23, 2022 at 3:11 PM
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Lamborghini has already sold all its cars until 2024
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Lamborghini has already sold all its cars until 2024
According to Lamborghini's boss, the full production run through early 2024 has already been pre-sold, indicating that luxury goods are mostly unaffected by the current state of the world economy.

According to CEO Stephan Winkelmann, the Volkswagen business is seeing "strong demand" and has an order book for the next 18 months.

Despite the negative effects of Russia's invasion of Ukraine on the world economy, wealthy clients are swarming to the brand.

“We have more and more stepping into Lamborghini. Because they trust the brand, they see how beautiful the cars are, how (high) performing they are,” Winkelmann said.

The global economy only has to “stay a bit stable” for that to continue, he added.

The long order times are also the result of a shortage of components, particularly chips needed for new electric models.

Lamborghini is planning a hybrid version of each of its models by 2024 and the first fully electric Lamborghini in the second half of the decade.

This is “a lot in just two years” and the company is doing “as much as we can, as fast as we can to keep all the things updated and rolling in a positive way”, Winkelmann said.

Lamborghini in early August reported the best half-year in its history with record sales and profits.

The carmaker’s operating margin reached 32 percent, while operating profit jumped to 425 million euros on 5,090 cars sold.

Fellow luxury carmaker Ferrari also posted record results in the second quarter and raised its annual forecast, with orders at record levels.

In late July, the world’s top luxury consumer goods group LVMH also reported a jump in sales and profits in the first half of the year despite the uncertain economic environment.
Tags: Transport

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