Lamborghini said deliveries to the Middle East improved in September and October after the conflict had halted sales and deliveries in April. The region accounts for about 450 cars a year, roughly 5% of its annual volume, but the outlook beyond November remains uncertain.
Lamborghini said it was no longer facing disruptions to deliveries in the Middle East. Chief Marketing and Sales Officer Federico Foschini said the situation should also be positive in November, but it was difficult to make predictions further ahead.
The Middle East accounts for about 450 Lamborghini sales a year, roughly 5% of its annual volume, and historically produces high profit margins. Lamborghini had said in April that the conflict forced a complete stop to sales and deliveries in the region.
Foschini reiterated that Lamborghini's full-electric plans had been put on ice, though research continues. On October 30, the automaker reported a 4.8% year-on-year decline in operating profit to €564 million in the first nine months, while revenue rose.
