The wait time for a brand new Lamborghini SUV or super-car is now over 12 months, as demand from rich automotive lovers exhibits little signal of slowing, the automaker’s chief government instructed CNBC on Wednesday.

Regardless of unstable inventory markets and rising financial uncertainty, demand for Lamborghini’s is “as excessive as ever,” mentioned Stephan Winkelmann, Lamborghini’s CEO.

“It is unbelievable,” Winkelmann mentioned. “It is tough to make a forecast of what’s going to occur and for the remainder of the 12 months 2022. However talking to clients, talking to all our leaders, we do not see any any slowdown when it comes to orders.”

The result’s a ready checklist that’s now over 12 months. Prepandemic, the standard ready checklist for Lamborghinis was six to 9 months. Requested when or if the corporate’s ready checklist will ever return to “regular,” Winkelmann mentioned demand for high-end vehicles might have essentially reset to a better degree given the sheer quantity of wealth created prior to now two years.

“What we see is that world wide there are increasingly folks in a position to purchase a automotive like ours,” he mentioned. “After the pandemic, folks needed to reward themselves. And we now have the markets which have been flooded with cash. I feel we’re in a really excessive plateau. I do not know if that is the brand new regular.”

As well as, Lamborghinis have turn out to be a favourite for the younger wealthy, who made their newly minted fortunes from crypto, shares, tech firms and inheritances. Winkelmann mentioned 70% of Lambo clients can be below 40 in 2025.

“We’ve got undoubtedly seen a shift towards a a lot youthful buyer,” he mentioned.

Lamborghini reported report earnings and manufacturing final 12 months pushed largely by its SUV, the Urus. Gross sales elevated 19% to $2.1 billion, and it delivered 8,405 vehicles, up 13% over 2020, together with gross sales of 5,021 Urus fashions, 2,586 Huracans and 798 Aventadors.

Winkelmann mentioned manufacturing this 12 months has not been slowed by supply-chain points, for the reason that firm will get excessive precedence for chips and different elements from guardian firm Volkswagen. He mentioned manufacturing this 12 months is on observe to be even increased than final 12 months’s.

“We improved our manufacturing, so we imagine we improved the output,” he mentioned. “We are going to see. However this is a chance for positive.”

Due to the lengthy wait occasions, some dealerships are charging clients five- and six-figure markups to get vehicles which can be accessible sooner, both by way of different buyer cancellations or demo fashions. One purchaser instructed CNBC he paid $100,000 to get a Urus inside a month, somewhat than wait.

Winkelmann mentioned the corporate does its finest to police pricing practices and forestall “phantom orders” from sellers. However with costs for a lot of preowned Lambos now at 140% of the brand new sticker worth, the revenue temptation for sellers with vehicles accessible now stays sturdy.

“We do not share this view of letting folks pay over sticker,” he mentioned. “After we speak to our companions, our sellers, we all the time are very clear about our place.”