Bentley cruises to record sales in 2022 despite China drop

By Nick Carey

LONDON – British luxurious carmaker Bentley on Tuesday reported file automobile gross sales for 2022, with sturdy demand offsetting a 9% drop in China attributable to coronavirus-related lockdowns.

The Volkswagen unit mentioned it had bought 15,174 automobiles throughout 2022, up 4% from in 2021, which was itself a banner yr for Bentley.

“In what was one other yr of unpredictability, the enterprise overcame important headwinds and demonstrated nice resilience to ship the third consecutive file gross sales yr,” Bentley CEO Adrian Hallmark mentioned in an announcement.

The corporate reported gross sales progress in each regional market besides China. However within the Americas, Bentley’s largest market, gross sales solely grew at a modest tempo of lower than 1%.

The Bentayga luxurious SUV, which has a beginning value of round 150,000 kilos ($180,000), remained Bentley’s top-selling mannequin in 2022, accounting for 42% of car gross sales.

Bentley has more and more centered on customization, from hand-stitched leather-based to finishes starting from walnut to koa wooden, and even 5,000-year-old wooden fished out of England’s low-lying wetland Fens. This lifted Bentley’s common pre-tax gross sales value almost 30% to 220,000 euros ($236,500) a automotive in 2022 from 170,000 euros in 2018.

The corporate mentioned final month it expects a slight drop in manufacturing in 2023 as shutdowns in China have slowed orders.

Bentley has dedicated to going absolutely electrical by 2030.

This week one other German-owned British luxurious model, BMW unit Rolls-Royce, reported file gross sales for 2022 with a mean price ticket of round $534,000 for its luxurious automobiles, additionally regardless of a drop in Chinese language demand. ($1 = 0.9302 euros)

($1 = 0.8203 kilos)

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