Home / Auto News / News article: Lamborghini CEO Predicts Bad Year for Supercar Sales - AutoGuide.com News
 |  Nov 13 2012, 5:32 PM

Lamborghini CEO Stephan Winkelmann is predicting that the upcoming year will be a rough one for companies in the ultra-luxury and supercar businesses.

 “We are very cautious for next year,” Winkelmann said. “The Europe crisis is not over.”

Trying to compensate for the slowing of existing markets, Lamborghini has begun opening shop in developing markets in hope of bringing in new buyers. For example, the company opened a second dealership in India this year, where the number of millionaires is expected to double by 2015.

Hong Kong, Singapore and Southeast Asia are other areas where the Italian company hopes to expand.

Introducing the Urus, Lambo’s luxury SUV to market could also help the company make some profits, though a decision on this is still undecided. “To engage in such a project, it’s adding a third model, and for us, this will be a huge step and huge investment.”

[Source: Automotive News]

  • http://twitter.com/Brake_Maven Chris Bernal

    The U.S. will help make up the gap. Every time the corporate and highest income tax rates go up, less money gets invested into companies and the market. More money is sitting around, so you might as well by the Lambo. Yachts and luxury car sales were doing just fine when the last Carter was president. Once Reagan came in, they tanked as entrepreneurs again focused on creating and expanding businesses.