McLaren Automotive Sales and Profits Are Soaring; 2017 Expected to Be Even Better Than 2016
SUVs aren’t the only means of success in the global auto industry in 2017.
Sports cars, supercars even, appear to be a useful means of sourcing profits, even for a relatively young automaker such as McLaren.
It’s often said that the one way to make a small fortune racing cars is to start with a large fortune. The theme is just as accurate when it comes to automotive production and sales.
Yet McLaren, which began series production of road cars only seven years ago, saw its profits jump 70 percent, year-over-year, to USD $12 million in 2016 as global sales doubled.
More than one-third of the McLarens sold in 2016 are found driveways in North America.
While McLaren, benefiting from name recognition because of its Formula 1 heritage and as the builder of the truly, genuinely, literally iconic F1, continues to grow, numerous sports car startups have fallen by the wayside.
Unfortunately, that’s the way it’s supposed to be in the English countryside. You have some money, a place to test your cars, a place to build your cars, a source at Ford or Honda that’ll get you a bundle of 2.0-liter four-pots on the cheap. You show the car to the British enthusiast media. The car oversteers wildly on track, the windows won’t roll down, and it explodes at the end of lap one.
“The production car will be better,” you say, knowing full well a car that doesn’t explode is all that’s needed for the prototype to “be better.”
No, they don’t all explode, of course. But from Ascari to Zenos, there’ve always been individuals with dreams of challenging Ferrari and Porsche at the top of the sports car heap.
McLaren, with 3,286 sales in 2016, isn’t doing so yet. Moreover, McLaren expects to see a dramatic reduction, not in the number of sales mind you, but in the rate of growth experienced by the company.
“We will never again see a jump in sales volume of this magnitude,” says Joylon Nash, McLaren’s executive director for sales and marketing. “But the reception to the new 720S and new 570S Spider have been incredibly positive and initial orders for both are beyond our expectations.”
The lower level cars — Sports Series in McLaren language — produced nearly two-thirds of the brand’s sales last year. The Super Series models generated a further 1,255 sales. McLaren already has 1,500 orders for the new 720S.
The goal for the next half-decade? Sell 4,500 cars in 2022.
Ferrari sold around 8,000 cars in 2016.
In the U.S., McLaren has sold 301 cars through 2017’s first five months — a modest 4-percent drop from 2016, according to Automotive News. 80 percent of McLaren’s U.S. sales are of the Sports Series variety: 570S, 570S Spider, 570GT, 540C.
[Images: McLaren]
Timothy Cain is a contributing analyst at The Truth About Cars and Autofocus.ca and the founder and former editor of GoodCarBadCar.net. Follow on Twitter @timcaincars.
More by Timothy Cain
Latest Car Reviews
Read moreLatest Product Reviews
Read moreRecent Comments
- Lorenzo Well, it was never an off-roader, much less a military vehicle, so let the people with too much money play make believe.
- EBFlex The best gift would have been a huge bonfire of all the fak mustangs in inventory and shutting down the factory that makes them.Heck, nobody would even have to risk life and limb starting the fire, just park em close together and wait for the super environmentally friendly EV fire to commence.
- Varezhka Of all the countries to complain about WTO rules violation, especially that related to battery business…
- Carson D At 1:24 AM, the voyage data recorder (VDR) stopped recording the vessel’s system data, but it was able to continue taping audio. At 1:26 AM, the VDR resumed recording vessel system data. Three minutes later, the Dali collided with the bridge. Nothing suspicious at all. Let's go get some booster shots!
- Darren Mertz Where's the heater control? Where's the Radio control? Where the bloody speedometer?? In a menu I suppose. How safe is that??? Volvo....
Comments
Join the conversation
How come McLaren can make a profit selling 3 to 4,000 very technically sophisticated sports cars per year with no subsidies, and Tesla can't make a profit selling 50,000+ technically simple electric cars per year with lots of manufacturing and consumer subsidies?
Now if they could only find their way back towards the podium at an F1 race...