Amid slumping global demand, Lamborghini posted a slim $7.7 million profit during the first half of 2009. Lamborghini expects to keep its books in the black for the full year, but warns a weak global economy will greatly erode overall profits.
In comparison, Lamborghini posted a profit of $50 million during the first six months on 2008. However, the Sant’Agata Bolognese-based supercar maker has seen a dramatic reduction in demand this year, resulting in a 37 percent drop off in vehicle sales, according to Automotive News. Through the first six months of 2009, Lamborghini delivered 825 cars.
Moreover, Lamborghini’s largest market – the United States – has seen an even bigger decline. First half sales in the U.S. totaled 207 units, marking a 52 percent reduction from the same period last year.
“We are not immune to the global recession,” Lamborghini CEO Stephan Winkelmann said in a statement. “We will maintain the profitability of the company, (and) continue our investment into the future with product technology and innovation alongside a firm ecological stance.”
Winkelmann revealed in June that he doesn’t expect a full market recovery until at least 2011.
