Lamborghini has introduced its freshest model of vehicle, the Huracán Tecnica, and as per the President and CEO of Lamborghini, Stephan Winkelmann, the global luxury brand flourished through the second year of the Covid emergency, posting record sales and profits for 2021 and the first quarter of 2022.
Lamborghini’s year final products for 2021, showed showed sales of €1.95 billion [about $2.1 billion], 19% growth over the earlier year and a working edge of 20.2% on 8,405 vehicles sold around the world. All things considered, this could have been something more, but this perhaps emerged because of of the immune slowdown of the economy and recession-proof.
But as indicated by Stephan Winkelmann, Lamborghini had encountered slowdowns previously — in 2009. The truth of the matter is, Lamborghini has a solid image, and a solid bind with Italy’s image as well, yet they are not insusceptible.
The company is subject to production cycles, and so they are not immune to financial crises. Stephen Winkelmann, at the moment—they are knock on wood— and are in a very lucky situation.
He further said:
“After the first lockdown, we had the market come back very strong in an unexpected way already in the second part of 2020. And this is ongoing, despite all that is happening around us. I think that, in general, we have reached a plateau in terms of demand. Now we have to see where growth will be”.
On issues of production network, winkelmann explained that, the chip deficiency — which is as yet ongoing — isn’t affecting the organization in an emotional manner, since they are a little producer inside a major group [Volkswagen].
Lamborghini has high margins, so they get a priority in terms of supply; but it’s clear that this cannot last forever—and not all their cars are, in terms of purchasing, linked to the group. The organization has quite a number of vehicles which are finished without help from anyone else, where they need to purchase parts outside, of which they have every one of the bottlenecks of the market.
“We are at constant attention when it comes to the war in Ukraine; because we have an important supplier for the wire harnesses, especially for our Huracán—and we did have brief periods of shortages. At the moment, there is no danger to our production, and we are waiting to see how this specific situation develops”, Winkelmann said.
The organization’s Urus super SUV has become a major, significant part of their all out sales. And obviously, it was an exceptionally successful addition to their setup of elite performance sportscars.
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The justification behind making that vehicle is on the grounds that, the historical backdrop of Lamborghini permitted the organization to accomplish more than super games vehicles.
Winkelmann added that, toward the start of the last 10 years, they saw there was an open door in the SUV market; on the grounds that even top notch brands were stopping at a specific level, so there was no one present at the ultra-luxury level.
“When all our models will be renewed—say, by the beginning of 2025—I think we will be at the ratio of more or less 50/50. And then we are planning, in the second part of the decade, the first fully electric car”.
As per Winkelmann, Lamborghini has one-year waiting times, or even more, on all their cars; and they have more demand than they can produce. He said, every day, the company sell more than they can put into production. They are forecasting that, by 2025, 70% of their customers worldwide will be younger than 40.
Lamborghini is also planning to reduce the emissions of their cars by 2025 by at least 50%.