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Lamborghini, Ferrari And Bentley Hits Profit Record As The Rich Continues To Splash Out On Exclusive Cars

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3 years ago

August 6, 2022

Lamborghini, Ferrari and Bentley hits sales and profit record as the rich continues to splash out on exclusive and ultra vehicles.

Bentley sold 7,398 units, revenue per car climbed from €186,000 in 2021 to €213,000, while return on sales reaches 23.3 per cent.

Lamborghini delivered 5,090 cars for a turnover of €1,332b, an increases of 4.9% and 30.6% respectively, compared to the first six months of 2021.

Ferrari delivered 3,455 vehicles worldwide (+29%). Saw a 22% rise in net profit to €251m, revenues climbed by a quarter to €1.3bn.

Lamborghini, Ferrari and Bentley, some of the best-known high-end marques, recently posted record impressive second-quarter and half-year profits, as the rich continue to splash out on exclusive motors.

Thanks to the Urus ‘super-SUV’, Automobili Lamborghini delivered 5,090 cars across the world for a turnover of 1,332 billion euros, with increases of 4.9% and 30.6% respectively, compared to the first six months of 2021.

In the company’s latest quarterly report, Lamborghini’s CEO and Chairman, Mr Winkelmann, it has essentially sold out for 2023 as demand for its supercars are so high.

“We have come to the end of an exceptional first half of the year, despite ongoing uncertainty caused by the geopolitical situation,”

“The outlook is equally positive, with orders taken already covering the whole of 2023 production.”

Paolo Poma, managing director of Automobili Lamborghini, added:

“This is a very challenging time but Lamborghini is facing it successfully thanks to a clear long-term strategy, which is bolstered by the brand’s great appeal.

“The results from the first half underline the positive trend and strengthen our conviction that we can end 2022 with a significant increase in results compared to the previous year.”

See Also : Record First Half Year For Lamborghini, Thanks To Urus SUV

Bentley Motors, a part of the Audi Group, along with the Automobili Lamborghini, also announced an encouraging financial results for the first six months of 2022, boosted by increased customisation of cars.

The Crewe base marque posted operating profits of €398 million, up 124 per cent on the same period last year. Demand for personalisation helps turnover to increase to €1.707 billion (from €1.324 billion), while revenue per car climbed from €186,000 to €213,000.

Despite the continued global economic instability, it is promising to see Bentley is showing financial consistency as we reinvent the company,” chief executive Adrian Hallmark said in a statement.

Global sales rose almost 3 per cent to 7,398 units, up from 7,199 in the first half of 2021, thanks to best-selling Bentayga luxury SUV, which claimed 40 per cent of total sales.

See Also : Bentley Announces Record Financial Results For First Half Of 2022, Bentayga Remains Bestseller

Ferrari also posted record profits, driven by a 62 per cent growth in demand in the Americas and China for its V8-powered Portofino M convertible and F8 mid-engine sports car.

In the second quarter (April-to-June), Ferrari delivered a total of 3,455 vehicles worldwide, an increase of 29% compared to last year.

The strong demand for new Ferrari models fuelled a 22% rise in net profit to €251m, while revenues climbed by a quarter to €1.3bn. Turnover jumped by 24.5% to 1.29 billion euros while the net profit up by 22% to 238 million euros, during the same period.