Bentley's Q1 2023 revenue reaches £770 million
The historic ultra-luxe manufacturer enjoys continued success.
Despite ongoing challenges that have affected the entire automotive industry, Bentley has spent recent years experiencing incredible success, breaking financial records over and over.
Now that the first quarter of 2023 has been wrapped up and the results are in, the historic manufacturer is continuing to excel. Profits have increased by 27%, whilst revenue rose by 9%, climbing to a total of over €882 million (approx. £770 million).
Gallery: Bentley Celebrates Financial Performance In Q1 2023
Bentley credits its increased personalisation, limited editions and coachbuilding efforts for helping increase its return on sales, bringing it from 20.9% to 24.4%. In addition, vehicle sales increased by 10%, totalling to 3,517 cars in total.
Bentley’s most popular model, the Bentayga SUV, accounted for 42% of those sales. With the relatively recent introduction of the Bentayga EWB as the brand’s new luxury flagship and rear-seat king, buyers now are able to choose between a more driver-oriented Bentayga and one that caters to passengers at an unparalleled level.
The most exciting aspect of the news of Bentley’s recent success is that as the brand follows the path its Beyond100 strategy laid out, its transition to electric vehicles will be that much bigger and better.
More About Bentley
Source: Bentley
RECOMMENDED FOR YOU
Bentley Dealers Want An Off-Road Bentayga: ‘Bring It To Market'
'How Am I Supposed To Interpret This?': Man Stops Behind GMC Denali At Stoplight. Then He Realizes Something Odd About Its Design
Are Bentley Buyers Ready For An EV SUV? 8 Out of 10 Say Yes
Mechanic Removes Tires On A Subaru. Then He Realizes The Driver Never Cleaned Them: 'Do Car Washes Get Most Of This Off?'
Bentley's New SUV Might Already Have A Name
'No Longer Fixing Cars That We Aren't Providing Diagnostics For': Mechanic Does Head Gasket Test On Car. Then It Comes Up Yellow
Bentley Has Been Profitable For Seven Years In A Row