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Aston Martin stock price shaken and stirred by latest weak outlook

Aston Martin warned its 2019 profits would almost be cut in half due to weak European markets, sending its shares sharply lower as rivals Bentley and Rolls-Royce powered ahead. Tuesday's downgrade is the latest from the British luxury carmaker, whose shares have now plunged about three quarters in value since their 2018 listing. The 107-year-old firm, famed for being fictional agent James Bond's brand of choice, cut its forecast for wholesale volumes and profit margins in July, and reduced its volume forecast again in November. It has blamed weak UK and European markets and subdued demand for its Vantage model and said on Tuesday those conditions continued through December, leading to a 7% drop in wholesale volumes for 2019. "From a trading perspective, 2019 has been a very disappointing year," Chief Executive Officer Andy Palmer said, as the company's shares plunged as much as 16%. While Aston spent 2019 ploughing money into a new factory to build its first SUV, the highly lucrative market a number of carmakers have entered, rivals such as BMW-owned Rolls-Royce and Volkswagen-owned Bentley appear one step ahead. Bentley on Tuesday said its Bentayga SUV boosted the brand's performance in 2019 as it returned to profitability, while Rolls-Royce's Cullinan helped drive a 25% increase in sales to an all-time high of 5,152 vehicles. "Cullinan has proven to be an outstanding hot seller for the brand," Chief Executive Torsten Mueller-Oetvoes told Reuters. "We are sitting now on an order bank reaching even far into 2020." Aston hopes its first SUV, the DBX, will emulate this success and revive its fortunes next year. About 1,800 orders have been booked since its launch in November, the company said. "The order rate is materially better than any other car that we have ever launched before," Palmer told Reuters. For 2019, Aston expects adjusted earnings before interest, tax, depreciation and amortization (EBITDA) of 130-140 million pounds ($171 million to $184 million). The company reported 247.3 million pounds in core profit a year earlier, while analysts' average forecast was 196 million pounds for 2019, according to a company-compiled consensus. Aston said it was also in talks with investors for a potential equity investment and would draw down $100 million in bond notes. Its shares, which have lost nearly 3 billion pounds in market value since their listing, were down 11.1% to 464.8 pence at 1136 GMT.  

This Aston Martin DB9 with 104,000 miles on it makes us happy

The typical Aston Martin DB9 for sale has something like 14,000 miles on it, but 4,000 is pretty typical and a "high-mileage" example would be less than 40,000. And remember, the DB9 went on sale 16 years ago, lasted until 2016, and there isn't as much correlation between age and mileage as there are with other cars. Also remember, Aston Martins usually sit in garages collecting far more dust than, quite obviously, miles. Which is why we're oddly proud of this 2005 Aston Martin DB9 for sale that has 104,854 miles on it ... and the original owner who had the audacity and awesomeness to drive it that much. Good job, buddy. The second owner, prior to selling it to selling dealer, put only 4,000 miles on it since 2015. This plucky Aston-that-could is painted in what seems to be California Sage green with a Cream Truffle interior. With all those miles, such a light-colored leather is definitely showing its age and there's plenty of wear on the driver seat (especially the side bolster), but it's actually not that bad. The leather seats of cars with far fewer miles can look much worse. In fact, the interior in general looks great for such a high-mileage car, a testament to its owner's maintenance and Aston's materials and build quality. As mentioned earlier, it's rare that the latter gets tested so rigorously.  Now, would buying an Aston Martin DB9 with 104,845 miles on it be a good idea? Sure doesn't seem like it. Then again, buying a used Aston Martin always seems like it would be an expensive proposition, and maybe actually being driven has kept it in better working order? Maybe? The CarFax does show consistent service over the years. Of course, that could mean it was breaking all the time, but would you really keep something around that was breaking all the time?  Ultimately, the problem here is the price: Motor Car Classics in New York is asking $39,900 for it. A quick scan of Autotrader reveals DB9s with exponentially fewer miles for around the same money or even less. That includes Volante convertibles. This 2005 is only $4,000 more and has 36,000 miles. This one is also $4,000 more, but has 14,000 miles. However, pricing cars like this is very difficult and certainly none of those other DB9s were as well loved and enjoyed as this audacious green trooper. 

Aston Martin spotted testing striking Lagonda sedan

Aston Martin may be known more for its two-door GTs and cabrios, but it has made a handful of four-door sedans. They've historically worn the Lagonda name as either a nameplate or marque, and that's just what we seem to have here. Spied running along familiar test routes in the UK, this prototype is reportedly registered to Aston Martin and based on the current Rapide S, complete with the company's long-serving AM11 6.0-liter V12. Only whereas the Rapide packs everything in tight on a short wheelbase – albeit with more room in the back than the two-door DB9 or Vanquish – this prototype appears to be riding on a stretched wheelbase. Over that lengthened frame, Aston's Q customization department has apparently draped custom bodywork with lines that seem to blend elements of the last Aston Martin Lagonda sedan that wedged its way in between 1976 and 1990 on the one hand, and Zagato's pair of Centennial concepts presented last summer on the other. One thing it clearly is not, however, is the Lagonda crossover concept which Aston revealed to mixed reviews at the Geneva Motor Show back in 2009. The big question is where this sedan is heading (beyond its test route). We could be looking at a highly exclusive creation for a handful of wealthy clients, or at a production model to relaunch the Lagonda brand as has long been anticipated. We're hoping it's the latter, but we'll just have to wait to find out. Judging by how close it looks to completion, it shouldn't be too long.