Forget what you know about raging bulls.
Lamborghiniwants to show you a softer side of Italian supercars.
So says Chief Executive Officer Stefano Domenicali, who moved to the company'stop spot in March. Since then, hes been calling for a change in tone at the Volkswagen Group-owned house. Where the sharp-edged V12 and V10 aggression of the Murcielago, Gallardo, and Aventador reigned supreme for years, Domenicali said, buyers can expect to see something different in the next few years.
A bull is always aggressive, but I would like to give us a new philosophy toward the future: A bull can be gentle, he said.
Urus Is Key
|Lamborghini aims for women to actually buy the Urus SUV, not simply model in front of them.
Photo: Getty Images
Domenicalis image efforts hinge on the new Urus SUV, due out by 2018. He said the vehicle will double the company's annualglobal output but will remain on limited production at Lamborghini'snew Sant'Agata factory. The brand solda purposefully few3,245 units worldwide in 2015.
The SUV will be a game changer, he said. It will make Lamborghini different.
The goal will be to make Urus immediately identifiable as a Lamborghini, both in how it looks and in how it drives, and to make it immensely personalizeable for a young (30-45) target audience whose members view themselves as the protagonists of their own lives, Domenicali said. The engine is anticipated to be a 600-horsepower, turbocharged V8 engine, rather than Lamborghinis signature V12.
What Women Want
Even more notable, Domenicali is hoping that a big share of the SUVs buyers will be women. This will be no small feat, considering that only 5% of the companys global buyers last year were female. Thats roughly the same percentage it held even a decade ago, according to a Lamborghini spokesman. Whats more, most of those vehicles were sold to women in the U.S.and Europe; the firstwoman to buy a Lamborghini in India did so just three months ago.
I dont think anybody has captured the heart and soul of the female luxury buyer in the supercar arena, said Milton Pedraza, CEO of the Luxury Institute, a Manhattan-based research firm. Its not a question of money for women in that segment. The money is not going to be the issue. Its going to be: 'Show me you know me.'
There is plenty of space for Lamborghini to claim. Nationwide, women buy 53% of all small SUVs and 48% of small premium SUVs, according to J.D. Power & Associates, compared to roughly 40% of all new cars.
|The Lamborghini Egosita: Going out on a limb here, but guessing this is what women DON'T want.
The Power of Singles
Single women in particular are covetedpotential buyers: From 2010 to 2015, premium small SUVs sawa 177% jump in sales to single women, according to MaritzCX, acustomer-experience research company.More than two-thirds of female buyers reported their 2015 vehicle purchase decision as entirely up to me, according to the report. Additionalstorage and passenger space, a high ride height, and improved fuel economy in new premium SUVs have fedtheir growing appeal towomen buyers.
Lamborghini is going in the right direction here, Pedraza said, noting the success of Porsche and its wildly popular Cayenne SUV. Anybody can be convinced, as long as there is substance to the argument. If Lamborghini puts out a product that is female-friendly, women will definitely flock to it and will change their minds.
The key to success in this new segment for Lamborghini, Pedraza said, will be to produce a product that women can use comfortably and often. (If you are going to do an SUV, you better understand that there will likely be children in the back; women transport kids, whether they are working mothers or not.) The brand will have to get women into the showroom and then communicate the quality of the product: When women get to the showroom, the people who are ambassadors to the brand and the experience have to be impeccable, he said. It all has to be seamless and honest and relevantand by the way, human. If it can do that, I believe Lamborghini has a great shot.
Hiring and promoting more women to lead the drive will be essential. Representatives from Lamborghini said on Tuesday that they were unaware of how many, if any, women the company employs in top leadership positions; a quick survey of head executives on the company's press website offered no female names apart from that of the new American public relations executive.
This will entail revolutionary thinking at the 53-year-old brand, which started out making tractors in an industrial center in rural Italy. Domenicali said he's more than up tothe challenge.
We have a small company, but we know we can do a good job, he said. And we are humbleits a different customer, a different car, a different network. We are top with regard to the super sports car, but this will be a different business.
Keep the Good Stuff
Lamborghini does have some non-negotiable stipulations, even with the new, softer-side efforts. It will always make its signature V12 engine, Domenicali said. And while it will eventually introduce a hybrid Urus, it will never move toward producing vehicles that run on diesel. A totally electric Urus is a maybe, Domeniali said, depending on how technology and regulations develop over the coming years.
After all, a bull is still a bull, even if its a gentle one.
Our customers want to feel the car, they want to hear it, they want to feel the vibration of the engine, Domenicali said. They are expecting from us to be current with our cars and yes, to invest in technology, but at the right momentnot before and not after.
Success at Lamborghini will have much to dowith having the flexibility to change and grow, he added:A bull can recognize people with a glimpse of the eye and be smart.He is not always aggressive in a negative way. Hes aggressive because he is very strong animal, but the Lamborghini of the future is an animal that can recognize the beauty of people, can recognize the fact that we are going to a family-oriented business with an SUV.