Aston Martin growth spurt continues with £43m profit in Q1

Aston Martin has been named as the ‘world’s fastest growing auto brand’ having returned big profits in Q1 of 2018

Aston Martin DB11 - badge

Aston Martin has announced pre-tax profits of £43.7 million in the first quarter of 2018, leading to the British marque being named “the world’s fastest growing auto brand” by consultancy firm, Brand Finance.

The profit rise has been largely credited to the recently launched DB11 V8 Coupe and Volante models along with early interest in the new Vantage, even though it is still in its pre-production phase.

Aston Martin DBS Superleggera Volante spied

Aston Martin also credits the rise in profits to the deliveries of limited edition models such as the Vanquish Zagato Volante, Vanquish Zagato Speedster and DB4 GT Continuation.

While profits may be up, the actual volume of vehicles produced has dropped slightly with only 963 units built, compared with 1,203 units in the first quarter of 2017. This is partly due to the average selling price of each vehicle rising by 11% to £160,000.

Volume is also down as Aston Martin prepares for production changeovers with the new DB11 Volante, the Vantage and the successor to Vanquish, the upcoming DBS Superleggera, all due to enter series production. Order books have been exceeding production capacity, too. Overseas production volumes have increased, however, as Aston prioritise the growing markets in the US, China and the Asia Pacific regions.

Investment has continued to increase, with £68million being invested in research and development at its new manufacturing facility in St Athan, Wales.

Dr Andy Palmer, Aston Martin President and Chief Executive Officer, said: “Aston Martin delivered another quarter of positive pre-tax profit, achieved in a period of significant planned investment in new products and manufacturing facilities. This is a good set of results during a quarter of planned model changeovers, during which orders have continued to grow for our exciting new models.”

With the unveil of the new Lagonda Vision Concept at the 2018 Geneva Motor Show and the finalised production of the Vantage, Aston Martin are predicting even larger profits in the second quarter of 2018.

Aston Martin is saying goodbye to the V12 Vantage with a run-out V600 variant

Recommended

Aston Martin pledges to build electric cars in the UK from 2025
Aston Martin HQ
News

Aston Martin pledges to build electric cars in the UK from 2025

Aston Martin will launch a new pure-electric sports car and SUV within the next four years, both of which will be built in Britain
8 Mar 2021
90 per cent of Aston Martins to be electrified by 2030 with full EV planned
Aston Martin RapidE
Aston Martin

90 per cent of Aston Martins to be electrified by 2030 with full EV planned

DBX PHEV SUV to kickstart electrification plans in 2023 with fully electric Aston planned
25 Feb 2021
Aston Martin sales down by 32 per cent in 2020 due to Covid-19
Aston Martin DBX - front
Aston Martin

Aston Martin sales down by 32 per cent in 2020 due to Covid-19

Aston Martin records sales drop in-line with predictions, but the DBX SUV lead a sales resurgence in Q4
25 Feb 2021
First pair of Aston Martin Vantage V12 Zagato Heritage Twins completed
Aston Martin

First pair of Aston Martin Vantage V12 Zagato Heritage Twins completed

The limited edition Vantage V12 speedster and coupe come as a pair and celebrate Aston Martin’s 60-year partnership with Zagato
3 Dec 2020

Most Popular

New 2021 SEAT Ibiza facelift arrives with styling and tech updates
SEAT Ibiza facelift - front
SEAT Ibiza Hatchback

New 2021 SEAT Ibiza facelift arrives with styling and tech updates

The SEAT Ibiza supermini has been tweaked for 2021, with a new interior the star of the show
15 Apr 2021
New 2021 Audi Q4 e-tron on sale now, priced from £40,750
Audi Q4 e-tron - front
Audi Q4 e-tron

New 2021 Audi Q4 e-tron on sale now, priced from £40,750

Two body styles, three powertrains and four trim-levels confirmed for Audi’s compact Q4 EV, including a 295bhp quattro option
15 Apr 2021
New SEAT Arona facelift gets rugged looks and a fresh cabin for 2021
SEAT Arona facelift - front
SEAT Arona

New SEAT Arona facelift gets rugged looks and a fresh cabin for 2021

New infotainment technology takes centre stage with the updated SEAT Arona, backed up by a tough new front end
15 Apr 2021