Lamborghini shows profit despite the financial crisis
By Andrew C., 27 Aug, 2010. 0 Comments
Lamborghini Logo
In these difficult days, profit -- no matter how low -- is being applauded. Lamborghini's profits may have plunged to EUR5.4 million in the first half of 2009 from EUR35.2 million in the same period last year. That's still an excellent feat considering that many car manufacturers reported losses all around. Turnover was EUR162.8 million, down 43.3%, the direct result of a 37% drop in car sales from 1,309 cars in the first half of 2008 to 825 cars in the first half of 2009. It appears that the markets showing the sharpest decline were the economies worst hit by the worldwide recession. US sales fell 52%, from 431 to 207 cars. Sales in Germany fell 52% and in the UK they were down 46.6%. However, sales in some regions have held up: in Italy 122 cars were sold, in contrast to 130 in the same period last year. In the Middle East, which is the fourth-largest market in the world for Lamborghini, 61 cars were sold (79 last year). In China, 29 cars were sold in the first six months of 2009, a growth of 32% year on year.
Latest Auto Shows
