No love for Lambo: Luxury car dealer EuroSports reports losses, seeks funding to support business

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EuroSports reports wider losses as luxury car sales fall and it seeks funding for its Lamborghini business and electric motorcycle plans. Read more at straitstimes.com.

Lamborghini is expected to introduce a new version of its Temerario sports car (pictured on April 22) by the end of EuroSports’ financial year in March 2027.

SINGAPORE – Singapore’s Lamborghini dealer EuroSports Global is looking to new luxury models to draw buyers after a tough quarter of falling sales, even as it seeks fresh funding to support its car business and plans to mass-produce a home-grown electric motorcycle.

The group on Nov 12 said its net loss had widened to $1.24 million in the quarter ended Sept 30, from $752,000 a year earlier. Revenue fell by more than 30% to $7.83 million.

For the first half of its financial year, the group’s net loss widened by 57% to $2.29 million as revenue fell 21.7% to $15.1 million, weighed down by falling car sales and thinner margins on cars sold.

EuroSports is the distributor for Lamborghini and Touring Superleggera in Singapore, with some models selling for more than $2 million.

However, hefty additional registration fees for luxury vehicles and rising certificate of entitlement premiums have crimped demand for high-end supercars here. EuroSports is also expecting economic and geopolitical uncertainty to make buyers more cautious in the months ahead.

But the group said new models could help attract more orders, and expects to start delivering two new versions of Lamborghini’s Urus SE sport utility vehicle in the October-to-December quarter, although prices for this model may be lower.

Lamborghini is also expected to introduce a new version of its Temerario sports car by March 2027, following the recent launch of its Revuelto SV.

EuroSports’ electric motorcycle business has a longer timeline. The Lambda Scorpii, developed by its subsidiary Scorpio Electric, became the first electric motorcycle designed from scratch in Singapore to secure European vehicle type approval in 2025, the group said.

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