P1 hypercar sales expected to have strong impact on McLaren’s profits

Article by Andrew Christian, on April 1, 2014

Last year, McLaren officially introduced the P1 hypercar and we were amazed by its looks as well as by its performances on the road. Back in November, we reported that the vehicle was already sold out but due to the fact that about 75 percent of P1 customers have chosen some unique designs from McLaren Special Operations, the company didn’t built too many vehicles in 2013.

By November 2013, McLaren built only 12 P1s. For those who don’t know, McLaren will only build 375 units, each priced at over 1 million euros. Because it is the main year in which McLaren will deliver the P1 hypercars, company’s Chief Financial Officer Paul Buddin said that the carmakers expects quite a strong impact in its turnover and profits.

Still, McLaren has bigger plans as it will introduce a new model every year as it seeks to triple its sales within two or three years. Buddin expects revenues to be double this year from 2013, but he did not disclose any numbers. Taking in consideration the fact that the company spends between 60 to 70 million pounds (about 70 to 80 million euros) each year on product development, we expect the privately owned company to be very profitable.

Back in 2013, McLaren sold about 1,500 vehicles and according to Operations Director Alan Foster it expects to deliver about 4,500 vehicles in two or three years. To make an idea about these numbers, we can tell you that Ferrari sold 6,922 vehicles in 2013, while Lamborghini delivered 2,121 supercars. Last month at the 2014 Geneva Motor Show, McLaren unveiled its latest models: the 650S Coupe and 650S Spider.

Regarding the already sold out Mclaren P1, for those who don’t know, this hypercar has some unbelievable specs. It is powered by a twin-turbo 3.8-liter V8 engine that delivers 737 hp and 720 Nm of torque, but also carries an electric motor that generates 179 hp and a maximum torque of 260 Nm. The electric motor is mounted directly on the engine, while a seven-speed dual-clutch gearbox delivered the power to the rear wheels.

The total output delivered by the hybrid system is 916 hp, which translates into a sprint from 0 to 100 km/h (62 mph) in less than 3 seconds, to 200 km/h (124 mph) in under 7 seconds and to 300 km/h (186 mph) in under 17 seconds. Top speed is electronically limited at 350 km/h or 217 mph. McLaren P1's rivals are the LaFerrari and the Porsche 918 Spyder.

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