Prepare yourself to face an agonizingly long waiting period of up to 19 months in case you are planning to buy a Lamborghini. The Italian automaker’s CEO confirmed that 2022 might be the company’s most profitable year ever thanks to its overflowing order books. Businesses across the globe have been overcautious because of the lingering recession fears and growing economic uncertainties, but the top end of the automotive industry seems to be unaffected. The demand for Lamborghinis has skyrocketed over the last several months, increasing from 12 months back in April this year to 19 months currently. The typical waiting time for Lamborghinis was six to nine months before the pandemic.
Thanks to the robust growth in demand, VW is reportedly planning on taking Lamborghini public with an initial public offering (IPO) on the Frankfurt Stock Exchange. The Lamborghini IPO might happen within the next 18 months and is expected to set the company’s valuation at around €15 billion (about $15.42 billion). The Urus super SUV has been one of the biggest contributors to the company’s stellar performance, which is hardly a surprise as it accounts for 61 percent of the company’s sales. Back in June, Lamborghini announced that it had produced more than 20,000 units of the Urus in a short period of four years, setting new sales records each successive year. The Italian marque introduced a new high-performance, Performante version of the Urus a few months back, making it a two-model range for the first time since the super SUV made its debut 4 years ago.
In addition to the strong demand for the Urus, Lamborghini’s growing profitability can also be attributed to the growing interest in special edition models and increasing demand for higher levels of personalization. The company’s flagship supercar, the Aventador, recently reached the end of its production run and the replacement is only expected to arrive no sooner than the end of next year, which may further add to the increasing waiting period. While the company has improved production to increase the output, it might not prove to be enough to satiate the growing demand and bring down the waiting period.