The case of the disappearing Lambos

Now this should have rung an alarm bell or two at the time, but it seems it didn’t.

Back in November the world’s largest Lamborghini dealership – Lamborghini Orange County – turned up its toes and closed the doors, apparently a victim of the downturn in car sales. Not the oddest story in these times admittedly, but a bit odd when you consider that Lamborghini OC was reckoned to be responsible for 10% of Lamborghini’s sales worldwide, shifting around 240 cars a year.

Lamborghini Orange County - Sold 54 Cars in an 8 day period and then closed down!

There were rumours at the time that the boss of Lambo OC, Vik Keuylian, had taking a big hit on the SoCal housing market crash, but it was only rumour.

But the story has now unfolded a bit more, with the news that VW are suing Keuylian and his family for some $12 million, relating to finance provided in an 8 day period for cars they sold, which VW claims they ran off with. Outright Theft is the phrase used. Ouch.

But not just a few cars. 54 Lamborghinis, to be precise. Surely, with an average of just 5 cars a week being sold, a 10-fold jump in car sales, at bargain prices over an eight day period, should have set alarm bells ringing. But it didn’t. Maybe VW / Lamborghini were blinded by the coup of such huge sales in difficult times. Who knows.

But it looks like VW are going to be left holding a $12 million debt as the dealership financed the cars through VW Credit.

Apparently there are more law suits flying around in the Keuylians direction. It looks like it will probably be a case of pi**ing in the wind!

By Cars UK