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Rolls-Royce sets sales record in 2021, despite ongoing pandemic

LONDON — Luxury carmaker Rolls-Royce, a unit of Germany's BMW, said on Monday its sales soared 49% to a record high in 2021 despite the global coronavirus pandemic, as demand worldwide for luxury vehicles surged. In an online presentation, Rolls-Royce CEO Torsten Muller-Otvos said the carmaker sold 5,586 vehicles to customers in more than 50 countries, the largest number in its 117-year history despite all the volatility wrought by the pandemic. "In the luxury sector as a whole, the struggle was not so much focused on attempting to find customers, but rather producing enough product to satisfy huge customer demand," Muller-Otvos said. He said sales hit all-time records in most regions, including China and the Americas. Premium and luxury car sales have been growing more broadly in key global markets such as China and the United States as pandemic travel restrictions have left wealthy consumers with more disposable income. "Covid forced many people to ground, not to travel anymore and for that reason there is quite a lot of wealth accumulated and that is spent on luxury goods," Muller-Otvos told Reuters. "We profited from that development." He said the carmaker's British plant in Goodwood was running at close to maximum capacity and its order books were full well into the third quarter of 2022. "If you order a Rolls-Royce today, you will expect to take delivery of it about a year from now," he said. Luxury British carmaker Bentley, a unit of Volkswagen AG said last week that it had cruised to a record year in 2021 as global sales jumped 31% amid strong demand for high-end vehicles. Last week BMW said it had achieved record sales of over 2.2 million vehicles from its BMW brand in 2021, outstripping 2019 sales despite a global shortage of semiconductor chips. Muller-Otvos said that while the chip shortage was cause for concern, Rolls-Royce's parent BMW had "assured that we could take delivery of all the chips we need to build our cars, so we haven't seen any shortages." Related video: This content is hosted by a third party. To view it, please update your privacy preferences. Manage Settings.

Rolls-Royce Wraith Black Arrow marks end of V12 coupe era

Rolls-Royce is offering luxury car fans one last taste of the velvet hammer. In marking the end of the line for the Wraith coupe and its sumptuous V-12 engine, Rolls Royce announced an extremely limited model: the Black Badge Wraith Black Arrow edition. In keeping with it being the last V-12 coupe, Rolls-Royce is only making 12 of the cars — which are already subscribed to clients in other parts of the world, since Rolls delivered its last North American Wraith a little over a year ago. “As the last examples of this landmark motor car get ready to leave Goodwood, we commemorate WraithÂ’s status as the last series V12 coupe we will ever make,” Rolls-Royce Motor Cars CEO Torsten Muller-Otvos said in a statement. “This magnificent final V12 coupe Collection captures both the significance and spirit of Wraith through the marqueÂ’s hallmark and peerless Bespoke capabilities.” The Wraith debuted back in 2013 and was a big hit for Rolls-Royce fans looking for a modern interpretation of a Rolls-Royce coupe. The British automaker says it brought in a new, younger generation of buyers for the brand - with the coupe featured in popular movies and music. This content is hosted by a third party. To view it, please update your privacy preferences. Manage Settings. In keep with RollsÂ’ bespoke capabilities as Muller-Otvos mentioned, the Black Arrow edition will use special open-pore Black Wood veneer for its internal panels, including a rear “waterfall” panel that separates the rear seats. The seats, door details, and lower dashboard panel will be lined with special new “club leather” materials, that feature enhanced color contrast and more natural leather markings. Rolls says this is to give drivers a more “club-armchair type of driving seat.” Of course the most important feature of this special edition is its V-12 engine. Here the 12-cylinder thatÂ’s so smooth one can barely hear it displaces 6.6 liters and outputs 624 horsepower and 605 lb-ft of torque. Yahoo Finance reviewed the standard Dawn Black Badge (the WraithÂ’s convertible sibling) and it was a smooth, powerful, and rather unique driving experience. Now this amount of luxury and exclusivity does not come cheap. While pricing was not released for this special edition Black Arrow, the standard Wraith coupe starts around $350,000.

A 1985 Ford Escort for $915,000? If it was owned by Princess Diana

What makes a used car worth more than the car itself? If it was owned by John Lennon. Or Muhammad Ali. Michael Schumacher, perhaps, or Stirling Moss. This year’s edition from the Hagerty organization of its “Power List” makes for amusing reading even if youÂ’re not on it. But you can make believe that you are. Essentially, the list, which was launched only last year, tracks the impact of celebrity ownership of a vehicle on its value, as measured by its worth at auction. Nearly 400 sales of celebrity cars and bikes have been analyzed from around the world by Hagerty using market data and “expert” analytics. Hagerty is aware, certainly, that famous folks — from royalty, sports, movies and music — grab gobs of attention from ordinary people. ThatÂ’s why the 2023 Power List comprises these categories: Art Cars, Racing Drivers, Movies and TV, Musicians, Royalty, Screen Stars, Sporting Icons. But you don't have to be a rock star or a F1 pilot to get listed: Princess Diana, besides an Escort Turbo RS that she owned between 1985 and 1988, numbered a convertible 1994 Audi 80 Cabriolet and a Jaguar XJS Cabriolet among her rides. HereÂ’s a look at some of the more notable entries: Racing driver category: In pole position was an unlikely titleholder, a 1976 Ford Bronco. This was the car bought new by legendary Canadian Formula 1 driver Gilles Villeneuve and untouched since his death; it sold at the Aguttes auction in Paris last December for $148,000, a huge 210% increase over the $47,800 that Hagerty would value a regular example in the same condition. Just a note: The list doesnÂ’t include race cars, only vehicles kept privately by the drivers. Musicians: A 1974 Rolls-Royce Silver Shadow had been Freddie MercuryÂ’s personal chauffeur-driven transport from 1979 until his death in 1991. Without celebrity ownership, Hagerty would value the Silver Shadow at a lowly $9,500, a car that would take a lot of time, effort and money to restore properly. But add in MercuryÂ’s aura and bids ended at $362,500. “ItÂ’s no surprise that MercuryÂ’s car dominated our Musicians list on the 2023 Hagerty Power List,” the company said. Movies and TV: For those readers now emerging from hibernation since 1968, the news is that the historic Highland Green Mustang from “Bullitt” remains at the top of the Power List for the second year running.