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Lamborghini has already sold all Its cars until 2024

Italian sports car maker Lamborghini has already pre-sold the entire production run to early 2024.

President and CEO of Automobile Lamborghini, Stephan Winkelmann, in an interview with AFP, on Tuesday says “We have a very strong demand and currently the order book exceeds 18 months after a record first half of both sales and profitability”.

He noted that with luxury goods seemingly unaffected by global economic uncertainty, wealthy customers are flocking to the brand despite the global financial fallout from Russia’s invasion of Ukraine.

“We have more and more stepping into Lamborghini. Because they trust the brand, they see how beautiful the cars are, how (high) performing they are,” Winkelmann said.

The global economy only has to stay a bit stable for that to continue, He added.

The long order times are also the result of a shortage of components, particularly chips needed for new electric models.

According to AFP, Lamborghini is planning a hybrid version of each of its models by 2024 and the first fully electric Lamborghini in the second half of the decade.

Lamborghini in early August reported the best half-year in its history with record sales and profits.

The carmaker’s operating margin reached 32 percent, while operating profit jumped to 425 million euros on 5,090 cars sold.

Fellow luxury carmaker Ferrari also posted record results in the second quarter and raised its annual forecast, with orders at record levels.

In late July, the world’s top luxury consumer goods group LVMH also reported a jump in sales and profits in the first half of the year despite the uncertain economic environment.