Lamborghini says Middle East deliveries have returned to normal

Lamborghini said deliveries to the Middle East improved in September and October and should remain positive in November, Business Recorder reported. Chief Marketing and Sales Officer Federico Foschini said the company cannot reliably assess conditions beyond that period. The region had previously seen sales and vehicle shipments stop because of the conflict, according to the report.

The Middle East accounts for about 450 Lamborghini sales annually, or roughly 5% of its yearly volume, and is a high-margin market. For the first nine months of the year, Lamborghini recorded a 4.8% year-on-year decline in operating profit to €564 million, while revenue rose and deliveries fell. The company attributed the profit drop to foreign-exchange effects, increased depreciation and US tariffs, and described market conditions as challenging.