Back in the 1980s, Lamborghini created an SUV called the LM002. Lambo’s first foray into the world of SUVs put any other luxury SUV of its time to shame, and truly reigned as one-of-a-kind. The only problem about them is that they’re not particularly sought after, although this well taken care of Lamborghini LM002 will be auctioned by RM Auctions next month.
Car and Driver first got some seat time in the car in 1989, nicknaming it “Rambo Lambo”. Back then, it cost $120,000, so about $250,000 in today’s monetary terms. Flash forward to present day, and Hagerty says that the average price of a Lamborghini LM002 hovers around $95,000. The vehicle going up for auction is predicted to fetch anywhere from Hagerty’s average selling price up to $122,000.
C/D caught up with Robert Meyer, the owner of the cherry-red Lamborghini LM002, who said the cars simply aren’t hot enough. Plus, parts are few and far between. At the end of the day, if you drive your LM002, you run the risk of it being the last time you drive your LM002. According to Meyer, Lamborghini designed the LM002 to run as a V6 in case of major mechanical failure. So as you might imagine, it’s “sort of a pain in the ass when you’re trying to work on it”, according to Meyer.
And that’s a shame because the beast, which weighs 6,780 pound and has 444-horsepower, is unlike anything you see parked at a classic car show. It just stands out. So if it weren’t for the near absence of mechanical parts, and the complexity of, well, nearly the whole car, perhaps the LM002 would be much more desirable.
So for a car that almost caused Lamborghini to go bankrupt, it may be a great historical piece. A precursor, if you will, to the luxury car buyers’ love affair with go-fast sport utility vehicles with real off-road credentials. Not to mention the on-again, off-again Lamborghini Urus.