The automotive industry is definitely not weakening. Lamborghini and Ferrari have recorded strong performances for this beginning of the year 2023, exceeding the analysts’ objectives. A first quarter that ends on a high note for both manufacturers.
Lamborghini’s sales soar
Between January and March, the Italian carmaker saw its sales rise by +23%, compared to the same period last year. At the end of the first quarter, the company’s turnover reached 728 million euros. This is a good start and a nice birthday present for the brand, which is celebrating its 60th anniversary this year.
Operating profit increased significantly from 178 to 260 million euros over the same period.
A performance that follows Lamborghini’s very good results last year, with a +22% increase in sales to 2.38 billion euros, double that recorded by the brand in 2017.
The reason for this remarkable data? The delivery of more than 2 600 models over the beginning of the year. It’s safe to say the Italian automaker has outdone itself, as such a score has never been achieved before.
“These very strong numbers add up to an order backlog that almost fully covers 2024 production,” Lamborghini said in a statement.
Record delivery numbers, multi-year bookings and a new path to electrification. Lamborghini definitely has more than one trick up its sleeve, or rather under the hood.
Ferrari follows suit
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