Lamborghini is navigating the rough seas of the economy just fine.
The exotic automaker reported Monday that it sold 7,430 vehicles this year through September, an 8% increase over the same period in 2021.
That included 4,834 Urus SUVs, its best-seller, and 15 $500,000 Aventador Ultimae supercars that were rebuilt after the originals were lost on the Felicity Ace cargo ship, which sank in the Atlantic Ocean after a fire in March.
Lamborghini had to restart the assembly line for the out of production Aventador to fulfill the orders.
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It has plenty more where that came from.
“We already have 18-19 months waiting period for a new car,” Lamborghini CEO Stephan Winkelmann told FOX Business in an exclusive interview.
“We are selling more cars than we are able to produce.”
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Winkelmann said the company expects to finish the year strong and then settle into a few years of stable sales as it refreshes its three-model lineup through 2025. This process starts with a replacement for the Aventador that arrives next year, as a hybridized V12- powered two-seater that Lamborghini already has 3,000 orders for.
Between those and the rest of the pre-sold cars, Winkelmann said the brand is well-positioned to weather a downturn in the economy if it happens.
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“It enables us to ferry boat the Lamborghini brand from one shore to the other,” he said.
Lamborghini’s profit per car has also increased as more customers request custom-finished models from their individualized programs.
“They want more and more cars that are not looking like any other car,” Winkelmann said.