Most of this year's production already sold, Lamborghini boss says

Supercar maker has already shifted units equating to about 10 months of its manufacturing capacity, chief executive says at Milan car show

Stephan Winkelmann, chief executive officer of Lamborghini, at the Milano Monza Motor Show in Milan, said first quarter deliveries of its sports cars increased by 25 per cent to a new record high. BloShow more

Lamborghini said it has almost sold out for the year as an easing pandemic unleashes a free-spending attitude among consumers confined to their homes for months.

The Italian supercar brand is set for “strong growth” in 2021 and has sold about 10 months of its production capacity, chief executive Stephan Winkelmann said in an interview at the Milano Monza Motor Show. The Volkswagen-owned car maker showed off the Huracan STO at an open-air walk close to the global fashion hub’s Duomo cathedral.

“Despite a two-month shutdown due to the pandemic, Lamborghini ended 2020 as its second-best year ever,” Mr Winkelmann said, as crowds swarmed the over 60 brands on show including Ferrari, Porsche and McLaren in a sign of normal life resuming in major cities like Milan. Lamborghini deliveries have surged by almost 25 per cent to a record during the first quarter.

While buyers continue to snap up performance cars like the track-suited Aventador, Lamborghini is embarking on the transition towards electrifying its lineup. It is spending a record €1.5 billion ($1.8bn) to offer plug-in hybrid versions of each model by 2024, and plans to launch a first vehicle powered purely by battery during the second half of the decade. Supercar makers like Ferrari and Lamborghini have been slow to embrace EVs with brand histories steeped in powerful engines.

“Lamborghini doesn’t want to be the first-mover at all cost,” said Mr Winkelmann. “In electrification, we need to choose the right moment, when we think the market is ready and we think we can really be the best.”

VW late last year ended deliberations for a possible sale or listing of Lamborghini to better focus on the Audi and Porsche division, its key profit drivers. Mr Winkelmann reiterated the brand wasn’t for sale, following a report last month of VW receiving a €7.5bn offer. There are no current plans to list Lamborghini, he said, which boosted revenue by 5.4 per cent to €509 million during the first quarter.