1988 Lamborghini LM002A 4x4

4dr Sport Utility Vehicle

12-cyl. 5167cc/444hp 6x2bbl

#1 Concours condition#1 Concours
#2 Excellent condition#2 Excellent
#3 Good condition#3 Good

$394,000 CAD*

+3.4%
#4 Fair condition#4 Fair
Value GraphOct 2024
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Model overview

Model description

The Lamborghini LM002 doesn’t seem quite as crazy now as it did in 1986. Influenced by the stillborn Chrysler Cheetah military project, the idea of a ground-pounding desert dog supercar-powered box on wheels seemed quite bizarre. Surely it was doomed to be a marketing failure? Of course that was before the Hummer, the Mercedes-Benz Gelandewagen, and the Porsche Cayenne Turbo made their appearance. Nowadays it seems quite acceptable.

All these years later, the LM002’s statistics make for interesting reading. It was powered by the Countach’s QV 5.2-liter, DOHC V-12, developing 385 bhp. Early models had six carburetors, but later ones gained fuel injection. The engine drove through a 5-speed ZF transmission with a two-speed reduction box, offering a choice of 10 speeds and two- or four-wheel drive. Top speed was almost 125 mph.

The chassis was tubular steel and the brutal, boxy five-door body was hand-made with fiberglass fenders, hood and roof as well as aluminum doors. Leather interior and air conditioning was standard and the LM 002 could be ordered with equipment ranging from Spartan to plushy.

Pirelli came up with special Scorpion tires, available in two patterns (sand or mixed-use) and able to run flat, though reportedly costing the eye-watering price of $2,500 each. Perhaps that’s why early adopters included King Hassah II of Morocco and Formula One World Champion Ayrton Senna, who had a “station wagon” body on his LM002.

Canadian industrialist, oil baron and Formula One racer Walter Wolf envisioned the LM002 as a fast desert vehicle for oil exploration (presumably by the chairmen of Shell, BP, Total Oil etc.) and he underwrote the development of the vehicle. But he and Lamborghini were probably very disappointed about the size of the market. Only 328 Lamborghini LM002s found buyers in the eight years of production.

The LM002 was known as the “Rambo Lambo” in the US and probably still counts among the fastest pure off-roaders. Other planned variations included the LM003 which was intended to have diesel power, and the LM004, which used the huge 7.2-liter Lamborghini V-12 that was developed for offshore power boats. Not much came of these plans however, and the LM002 remains just yet another interesting chapter in Lamborghini history.

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All prices shown here are representative of stock condition vehicles only and based on various data sources, as detailed in About Our Prices. Value adjustments for optional equipment are in U.S. dollars. More information on how forecast models are calculated can be found on Forecasted Values page. For additional information and a complete description of benefits, visit hagerty.CA/legal. Purchase of insurance not required for membership in HDC. Hagerty, Hagerty Valuation Tools & Hagerty Drivers Club are registered trademarks of the Hagerty Group LLC, ©2024 The Hagerty Group, LLC. All Rights Reserved.