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Bentley hit with ‘challenging market conditions’

by Thea Coates Finance Reporter
19th Jan 24 10:07 am

Luxury car maker Bentley has said that their global sales fell by 11% in 2023, but remain “cautiously optimistic for the year ahead.”

Bentley delivered 13,560 cars last year compared to 15,174 the year before due to “challenging market conditions.”

This was driven due to a slow down in the UK and China which saw a decrease of 18% in sales.

Bentley chief executive Adrian Hallmark said, “The luxury market was not immune from the challenging market conditions seen around the world in the second half of 2023, and despite this we were able to deliver our third highest retail position in history and enter 2024 with a strong order bank.

“Building on this, our quality of sales was much greater, with significant increases in our higher value derivatives, and a significant growth in demand for bespoke personalisation.

“We remain cautiously optimistic for the year ahead, with a continued robust global demand by market and model, high levels of interest in our hybrid models and with more to follow this year.”

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