6 min read
01 Aug
01Aug

Rare 1992 Lamborghini LM002 to Lead Auction at Monterey Car Week

The Lamborghini LM002 is a legendary vehicle that has captured the fancies of classic car collectors around the world, assuming they’re even aware that the Italian automaker made a pickup truck. The LM002 is essentially an SUV, but with a bed in its rear end, it’s also technically a pickup. Despite its rarity, the LM002 is a true icon of the Lamborghini brand, with much to offer for power, performance, and design. 

If you like the idea of a classic Lamborghini pickup, we’re happy to bring to your attention a beautiful copy in black coming up for auction soon. 

We’ll tell you all about this 1992 Lamborghini pickup truck for sale, but you’ll have to contact Absolut Cars Consulting for more details about the price. For the rest of us who are just discovering the Lamborghini LM002 for the first time, we will also revisit this near-esoteric pickup, exploring its features, capabilities, and overall appeal. 

Related Reading: For Sale: Beautiful 2008 Alfa Romeo 8C Competizione With Just 6,000 Miles On The Odometer 

Your Chance To Buy A Piece Of Lamborghini’s History

Lamborghini LM002 pickup for sale - Classic Driver.

Get ready to witness the sale of a strikingly rare black 1992 Lamborghini LM002 at the prestigious Monterey Car Week, hosted by Broad Arrow Auctions. The event, set to kick off on 17 August 2023 at 16:00 and continue on 18 August 2023 from 13:00, is expected to welcome thousands of guests. 

The auction will feature approximately 150 exceptional motorcars, ranging from pre-war American and European classics to modern collectibles and supercars, and this standout Lamborghini LM002 is among the highlights. 

Lamborghini SUV for sale - 1992 Lamborghini LM002 dashboard/ Classic Driver.

This particular 1992 Lamborghini LM002, one of the last of its kind, is a testament to the Italian automaker’s adventurous foray into the SUV market. Hailing from the last production year of the LM002, this example has been meticulously maintained and is in very good condition despite its mileage of 21,748. 

The LM002 is renowned for its remarkable amalgamation of rugged off-road capabilities and the luxurious finishes typically associated with Lamborghini’s sports car lineup. 

This model, with its jet-black exterior and black leather interior, is an embodiment of that luxurious ruggedness. Its combination of supreme drivability and rarity makes it a gem for collectors. 

Currently located in France, this exemplar of the LM002 features a well-preserved stunning black leather interior that matches its sleek black exterior. Its V12 engine, originally designed for the Countach, gives the LM002 the heart of a supercar and the body of an SUV, a unique combination that sets it apart from other vehicles of its era. 

1992 Lamborghini LM002 interior - Classic Driver.

Broad Arrow Auctions will present this rare Lamborghini LM002 for auction at the Monterey Jet Center, United States, offering an unrivaled opportunity for automotive enthusiasts and collectors to acquire a piece of Lamborghini's unique history. 

The price and further information about the vehicle will be provided upon request. Monterey Car Week is renowned for its prestigious events and auctions, and the 2023 edition promises to be no different. 

Thousands of guests from around the globe will be in attendance, eagerly anticipating the chance to witness and participate in the auction of this remarkable vehicle. Don't miss this rare opportunity to bid on a 1992 Lamborghini LM002, an exceptional piece of automotive history, and experience the thrill of Monterey Car Week. 

This is not just a sale; it’s an opportunity to own a piece of Lamborghini's legacy wrapped in an extraordinary package, a testament to a time when the famous Italian automaker dared to redefine the SUV segment. Now, let’s take a refresher course on this classic pickup/SUV with the raging bull’s badge. 

The Lamborghini LM002 Was America’s Idea

History of the Lamborghini LM002 - Wikimedia.

The idea for the Lamborghini LM002 was born out of a request from the US military for a high-performance, off-road vehicle that could get used for multiple purposes, including troop transport, reconnaissance, and utility duties. 

In the early 1980s, Lamborghini began developing a prototype to meet these requirements, drawing on its experience building high-performance sports cars. The LM002 prototype got unveiled at the Brussels Auto Show in 1986, and it quickly attracted attention from both military and civilian buyers. 

The vehicle featured a powerful V12 engine, four-wheel drive, and a reinforced body that made it capable of handling rugged terrain and harsh conditions. 

Lamborghini continued to refine the LM002 over the years, improving its performance and adding new features like air conditioning, power windows, and a premium sound system. The company also marketed the vehicle to wealthy buyers looking for a high-end SUV that stood out from the crowd

Despite its high price and limited practicality, the Lamborghini LM002 became a cult classic and is still highly sought after by collectors and enthusiasts today. It used a unique combination of luxury, performance, and off-road capability that made it a legend in the automotive world, and its influence can be seen in many of the high-performance SUVs developed in its wake. 

How The Lamborghini LM002 Handles On The Road

Lamborghini LM002 handling - Wikimedia.

Lamborghini designed the LM002 to serve as a high-performance SUV that could handle both on-road and off-road driving with ease. 

Its powerful engine and advanced suspension system made it capable of doing both, powering through highways and rough terrains with over 400 horsepower on command. 

On the road, the LM002 reportedly handled surprisingly well for a vehicle of its size and weight. Its V12 engine provided plenty of power and acceleration, allowing it to reach high speeds quickly and smoothly. 

The vehicle's long wheelbase and advanced suspension system helped keep it stable and planted on the road, even during high-speed maneuvers. 

Off-road, the LM002 was even more impressive. Its four-wheel drive system, reinforced body, and large tires made it fearless in tackling rugged terrain and harsh conditions. The vehicle's high ground clearance and advanced suspension allowed it to navigate over rocks, sand, and other obstacles with ease, while its powerful engine provided plenty of torque for climbing steep inclines and traversing difficult terrain. 

The Lamborghini LM002’s Design

Lamborghini LM002 design - Wikimedia.

Like modern Lambo supercars, the Lamborghini LM002 is a unique and striking machine you can’t possibly miss on the road. Even if you don’t immediately realize what it is because you never thought Lambo built an SUV, the LM002 is instantly recognizable anyway. 

Its angular body, sharp lines, and muscular stance give it a rugged and aggressive look. You can easily see how the SUV/pickup must have looked intimidating and impressive back in the '80s. 

The LM002’s body is made of high-quality materials like aluminum and carbon fiber to make it both lightweight and durable. The large wheels and tires add to its off-road capabilities, while the round headlights and square taillights provide a somewhat modern touch to its classic design. 

The Lamborghini LM002’s Performance

1988 Lamborghini_LM002_1988_Engine Valder137 via Wikimedia.

Under the hood, the Lamborghini LM002's source of power is a massive 5.2-liter V12 engine capable of producing up to 444 horsepower. A factory-fitted V12 powerplant is a rare sight on a truck even today, and such performance on a pickup truck was no joke in the 1980s when the LM002 made its debut. 

The V12 married a five-speed manual transmission that allows for precise control over the vehicle's power and performance. The LM002 can go from 0 to 60 miles per hour in just 7.7 seconds and has a top speed of 118 miles per hour, making it one of the fastest SUVs of its time. 

The Lamborghini LM002’s Features

Lamborghini_LM002 features Alexandre Prévot f via Wikimedia.

The Lamborghini LM002 had a range of features that made it a true Lamborghini SUV. The interior is comfortable, has leather seats, and came with a premium sound system. The dashboard is designed with a clean and simple layout, making it easy to navigate and operate. 

The LM002 also came with power windows, air conditioning, and several safety features like anti-lock brakes and traction control. We expect this 1992 model up for auction to retain these features. 

The Lamborghini LM002’s Off-Road Capabilities

One of the most impressive features of the Lamborghini LM002 is its off-road capabilities. The vehicle uses a four-wheel drivetrain and an advanced suspension system supporting its capacity to tackle even the toughest terrain. 

The large tires provide excellent traction, while the high ground clearance and reinforced body allow it to navigate over rocks, sand, and other obstacles with ease. 

How Much Is The Lamborghini LM002?

Lamborghini LM002 price - 1988 Lamborghini_LM002_Gen1_Type129 Detectandpreserve via Wikimedia.

We don’t have pricing details about the copy coming up for auction at the Monterey Car Week in August, but we can tell you the Lamborghini LM002 had a starting price of around $120,000 ($295,565 in today’s money) when it first hit the market in the late 1980s. 

This made it one of the most expensive SUVs of its time, marketed primarily to wealthy buyers looking for a high-end vehicle that offered both luxury and off-road capability. 

In the years since its initial release, the Lamborghini LM002’s value has continued to rise due, in part, to its rarity and status as a collector's item. Today, well-maintained examples can fetch prices upwards of $300,000 or more at auction. It's worth noting that the price can vary depending on several factors, including its age, mileage, condition, and provenance. 

Additionally, modifications or upgrades made to the vehicle can also impact its value. As with any high-end vehicle, it's important to do thorough research and consult with experts before purchasing to ensure a fair price for the vehicle's condition and history. 

Why They Called It Rambo Lambo

Lamborghini LM002 "Rambo Lambo" for sale - Wikimedia.

Overall, the Lamborghini LM002 is a truly remarkable vehicle that has stood the test of time. Its unique design, powerful engine, and off-road capabilities make it a one-of-a-kind SUV with a pickup bed. 

While it may not be the most practical vehicle for everyday use, the LM002 is a true masterpiece of automotive engineering worth gracing the garage of any seasoned collector or car enthusiast.

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