Lamborghini Now Valued At $11 Billion, Thanks To Strong Urus SUV Sales

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Lamborghini’s successful push into the Sport Utility Vehicle (SUV) segment has helped boost its valuation to $11 billion (₦3.98 trillion), previously estimated at $9 billion (₦3.3 trillion), making it a viable initial public offering candidate for owner Volkswagen Group, according to Bloomberg Intelligence analysts.

Soaring sales of the Urus SUV has helped Lamborghini draw level with Ferrari.  The new Aventador and a hybrid supercar hitting the market in 2020 will also help lift margins beyond 30 percent.

Last year, the Urus pushed the Italian supercar maker to a record-breaking year sales with 5750 cars delivered to customers worldwide, including more than 1,700 Urus models, despite the SUV only going on sale half way through 2018.

The home of the Raging Bull also revealed last month that it delivered 4,553 cars for the first half of 2019. Not only does this represent 96% growth from January 1st to June 30, they also sold more cars than the entire 2017 model year.

59.1 percent of the sales success was boosted by the sales of 2,693 Urus superSport SUV. The Huracan accounted for 1,211 cars while the Aventador accounted for 649 deliveries.

With 157 dealers serving over 50 countries, the United States remains Lamborghini’s largest single market, followed by Greater China and the United Kingdom, Japan and Germany.

Sharing the same Volkswagen Group’s MLB Eco platform with Audi Q7, Porsche Cayenne and Bentley Bentayga, the $200,000 (₦72m MSRP) Urus – pronounced “Oo-rus”, alongside the Rolls-Royce Cullinan and the Bentley Bentayga, are currently the most powerful and best selling production SUVs on the planet.


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Source:

https://autojosh.com/lamborghini-now-valued-at-11-billion-thanks-to-strong-urus-suv-sales/

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