July25
With second-quarter financial results rolling in and, save for a few exceptions, automakers reporting lower sales and profits from previous years, it seems it is, once again, good to be at the top of the food chain. The Italian exotic sportscar maker that is Lamborghini recently announced its pretax profit for the first half of 2008 is up 32.6 percent from last year’s levels and its highest ever.
Lamborghini’s global sales grew to 1,309 vehicles from the 1,238 it sold in 2007, thanks in large part to a boost in dealerships that nearly doubled from the 65 in 2004 to 114 this year. The automaker reported to-date profits of $54.8 million, which contrasts against the $73.7 in profits from all of 2007 quite nicely.
“There is no brand that is immune to financial crisis,” Lamborghini CEO Stephan Winkelmann said in an Automotive News report, “but we always produce less than demand. We are conservative in our forecast.”
He went on to say sales in North America and Europe were similar to previous levels, with the big gains to be had in the Middle East, at 40 percent, and China and Hong Kong.
The company expects revenue to be even higher in the second half of the year, as the more powerful Gallardo LP560-4 is due to launch. Profits are also bolstered by the maker’s recently announced used car program, designer accessory line and a more efficient and cost-effective assembly process along with an internal cost-reduction program.
Daaaaaaaaaaaaaamn
Big sales increases in the middle east. Yep… the sheiks are loving all these oil profits.
well they have Lambos and profits, they also have sand and big areas of desert land, while we have grass and water, i would have said better looking chicks, but those Sheiks just come here and buy who they want anyway
lol, ,nice jumpoffit. i wish i was there though, nice cars everywhere, perfect roads (even though they suck at driving), and $.80 gas/gallon.
I’ll trade my grass for some oil profits… I hate mowing anyways.
Just spray Roundup all over your yard and you’ll never have to mow again.
Big sales increase in mid east, from 30 units to 38.
seventh
Big Deal, the millionaires of the world will drive it 12,000 miles in 5 years.
A Super Hot car attracts hot women.
Any Questions ?????
Good for them. I hope they crush Ferrari’s arrogant ego into the ground.
55 million profit in 6 months doesn’t sound like much for a company like Lambo.
It is a lot when you realize they are profiting $42K on average per vehicle sold.
That works out to 1309 cars sold if I just divide the total profit by the profit margin per car. Does that make sense? Only 1309 cars sold? Actually, maybe….
Lambo’s are so outrageous and the world would be a lesser place without them.
F.uck Ferrari and IHustle. Thanks