Extended-Wheelbase (EWB) version of flagship Bentayga SUV helps Bentley Motors record a strong first quarter results.
Bentley began 2023 with operating profits of €216 million (+27%) while
overall revenue climbs from €813 million to €882 million.
Luxury marque’s return on sales in the first quarter also climbed from 20.9 per cent in 2022, to 24.4 per cent.
Its best-ever first quarter aligns with shipment of 3,517 cars (+10%), with Bentayga models accounting for 42% of the total sales.
Bentley Motors has announced a record first quarter financial results, thanks to high demand for the Extended-Wheelbase version of the flagship Bentayga SUV that help boost the luxury car maker’s sales in Q1 2023.
The luxury British marque best-ever first quarter aligns with shipment of 3,517 luxury vehicles around the world (+10% against 3,203 in Q1 2022), with the Bentayga models, Flying Spur sedan and the Continental GT/C accounting for 42%, 24% and 34% of the total sales, respectively.
Bentley began 2023 with operating profits of €216 million (+27 per cent) while its overall revenue rose to €882 million (+9 per cent). Its return on sales in the first quarter also climbed from 20.9 per cent in 2022, to 24.4 per cent.
Bentley notes that much of record performances in the first quarter was due to continued strong interest in model customisation as well as the sales of unique Mulliner Coachbuilt and Limited Edition models.
Adrian Hallmark, Chairman and CEO of Bentley Motors, commented:
“Despite a challenging global environment, we started 2023 where we left off in 2022, with another solid set of financial figures, driving growth in revenue, operating profit and return on sales.
“Bentley’s record performance in the Americas is also especially notable, with one in three of our luxury cars now sold in the region. The introduction of the Bentayga EWB, plus the success of the Flying Spur sedan, have been key to this growth.
“Looking ahead, although our well-balanced distribution model shows signs of encouragement that this success can be continued, we remain cautious about global challenges that remain in the markets.”
America remains Bentleys biggest market with 1,157 cars (+39%) followed by Chinese mainland, Hong Kong and Macau with 666 (-12%). 645 cars (-9%) were sold in Europe while 361 cars (-2%) were delivered in home country, the United Kingdom.