Lamborghini's CEO stated that the luxury sports carmaker could potentially sell 10,000 cars this year, marking the first time it reaches this milestone, as the company reported increased profits and revenues in the first half.[1] In the January to June period, Lamborghini sold 5,341 cars, a 4.9% increase compared to the same period last year, with the United States being its largest market. Despite market uncertainties, including raw materials, Chairman and CEO Stephan Winkelmann deemed the goal of selling 10,000 cars feasible, emphasizing that it showcases the company's health and customers' willingness to buy their cars. Supported by the success of its Urus SUV, Lamborghini has expanded its output in recent years, capitalizing on strong demand from affluent car enthusiasts, delivering over 9,200 vehicles in 2022. In the first half of this year, the company's revenues rose 6.7% to 1.42 billion euros, and its operating income reached a record 456 million euros, a 7.2% increase.
Lamborghini has allocated 1.9 billion euros for investments until 2027 as it transitions to hybrid and electric vehicles, with further funding expected.[2] The carmaker recently unveiled its first plug-in hybrid model, the Revuelto, complementing the existing Huracan 10-cylinder sports car and Urus in its lineup. By next year, Lamborghini aims to make its entire range hybrid, introducing a new Urus and a sports car to replace the Huracan. The company's plans also include the launch of its first fully electric model in 2028, three years after Ferrari's similar commitment, followed by an electric version of the Urus in 2029. While considering the potential use of e-fuels for sports car models, decisions on e-fuel-powered vehicles in the next decade will depend on future regulations worldwide, not just in Europe.
[1,2] Forward-looking statements are based on assumptions and current expectations, which may be inaccurate, or based on the current economic environment which is subject to change. Such statements are not guaranteeing of future performance. They involve risks and other uncertainties which are difficult to predict. Results could differ materially from those expressed or implied in any forward-looking statements.
