Lamborghini does not expect a market recovery right until 2011

Posted on Saturday, 13 June 2009 , 15:06:52 byEmil

Filed under lamborghinimarket2011u.s.americaLamborghini

Lamborghini does not expect a market recovery right until 2011

Many automakers expect the global market to recover by the end of this year but Italian automaker Lamborghini don’t foresee a market recovery until at least 2011. Lamborghini Chief Executive Stephan Winkelmann revealed the gloomy outlook earlier today at an event in Paris.

'We could stay profitable with sales that are dropping at 40 percent (in 2009). We are foreseeing a scenario that is staying on the same level next year and coming back in 2011' Winkelmann reported to Reuters. 'I’m prepared to face another tough year in 2010'. Lamborghini posted record 2008 numbers, but did seen sales collapse with 30% so far in 2009. Lamborghini affirms it remain still profitable even at the present levels of sales, but does not expect any market picking it up 2 years from now.

Lamborghini last year sold 2,430 cars, but that number could dwindle to about 1,500 autos in 2009. The biggest market of Lamborghini, America, has seen a forty % sales drop off via the 1st 5 months of this year. Overall, Lamborghini cuts the production this year with around 30 %. Despite all the production cut, the waiting time of Lamborghini for the delivery fallen from 1 year to only six months. Lamborghini – Sant’Agata Bolognese, Italian base – posted a profit of pre-tax of 84.66 million Dollars last year, a 27 % raise over 2 years ago.