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McLaren 765LT a success for subbrand, says CEO Mike Flewitt

December 12, 2020
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The 765LT starts at $363,500, and the 720S coupe starts at $303,650. Both prices include shipping. Deliveries began in November and will run through the middle of 2021, Flewitt said.

Given the rollout of previous LT models, a 765LT convertible variant should follow with a likely 2021 debut.

For a brand such as McLaren with a small lineup of supercars, the 765LT not only represents a new model but is further proof that the automaker has a budding subbrand with the LT variants.

“The LT has definitely been one of the real successes of what we’ve done in terms of creating a subbrand within McLaren that our customers understand, expect and look forward to,” Flewitt said. “We have people who literally collect the LT models. And every one of them has, frankly, been absolutely best in class in terms of the way it drives. We’ve set ourselves a precedent here and we need to keep delivering against it.”

Flewitt said that since 765LT demand exceeded supply, McLaren is distributing the models in proportion of its global sales. About 250 to 300 cars will end up in the U.S. Demand was so brisk that McLaren has sold a 765LT from its media fleet, a spokesman noted.

“We actually try to be fair and say, ‘Hey, if the U.S. is taking 35 percent of our global market, we’ll give them 35 percent of the allocation for LTs,’ ” Flewitt said.

“It is a market that likes and appreciates the LT. The demand has been great. The LTs do resonate.”

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