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Bentley says 'emotional sensitivity' slowed sales in 2023

LONDON — British luxury carmaker Bentley on Tuesday reported a lower operating profit for 2023 after a weak economy and high interest rates hit sales, but the company said its performance had stabilized and new launches would boost it in 2024. "We had an uneven performance for the first time in about four years," CEO Adrian Hallmark told reporters. "Even though our customers can still afford our cars... there was a level of emotional sensitivity that slowed down demand." For those who leased rather than bought cars with a starting pre-tax price above 220,000 euros ($238,590), interest rates had led to a tripling in monthly fees last year, Hallmark said. He said the launch of four high-performance hybrids this year should spur sales as the company gears up to launch its first fully electric Bentley in 2026. Bentley is aiming for an all-electric model lineup by 2030, but Hallmark said its hybrids were likely to be on sale after that deadline as the company seeks to ensure a return on its substantial investment. The luxury automaker in January reported an 11% drop in sales for 2023 following a record year in 2022. The British luxury unit of Volkswagen posted an operating profit of 589 million pounds ($748 million) for 2023, down nearly 17% from 708 million pounds in 2022. Revenue was down 13% at 2.94 billion pounds from a year earlier and the company said its profit margin dropped to 20.1% from 20.9% in 2022 because of investments in new vehicles. Earnings/Financials Green Bentley Luxury

2022 Bentley Flying Spur First Drive Review | Purple reign, purple reign

MALIBU, Calif. – When I first moved to New York City in the early 1990s, two careers before I became an automotive writer, I worked as a preschool teacher in Brooklyn. I rode my bike to work from Manhattan each day, over the Brooklyn Bridge, one of the most bountiful opportunities for car-spotting in a city with the nationÂ’s lowest rates of automobile ownership. The most notable vehicle I saw regularly was a stately and very violet Bentley sedan. The only thing more outrageous than its Azure Purple exterior color, and the distinctive rumbling of its signature 6.75-liter V8, was its vanity license plate. Seeming to signify that its owner was a proctologist or gastroenterologist, it read, MD TUSH. As I drove that car's descendant, an excessively purple Bentley Flying Spur Hybrid, I couldnÂ’t stop thinking of MD TUSH, whomever they were. Their flash. Their panache. Their dedication to being seen – even from the elevated bike path of New York's original suspension bridge. One could argue that this is part of the job of an occasion car like this, a $204,000 (base price) sedan that is as long as a Chevrolet Tahoe. It is supposed to make an impact. So it's counterintuitive that the Flying Spur Hybrid always starts off in EV Drive mode, which prioritizes the sole use of the rechargeable 14.1 kWh lithium-ion battery pack. It decidedly does not make an impact. I suppose that one cannot discount the element of surprise. But in that mode – one of three accessed through a metal button on the center consoleÂ’s button-resplendent surface – the big four-door skulks off with eerie silence, and will continue to do so for about 25 miles on the European WLTP cycle (EPA certification has not yet been completed, but it will likely be lower than the EU number), whereupon it needs 2.5 hours to charge with a fast charger of unspecified voltage via a conspicuous port on the left rear fender. As a preview of BentleyÂ’s promised all-electric future – which will begin with its first fully battery powered-vehicle in 2025, en route to a full-line voltaic conversion by 2030 – the Flying Spur has some allure. With its silence, thrust, and uncanny eeriness, electric power suits ultra-luxury limousines.

Bentley builds a Continental GT as tribute to the car that inspired the model

Bentley is staying quite busy with its tribute models. It's built yet another 2023 Continental GT, in Azure trim, that's based on a notable past model. But unlike the Bathurst cars, this one appears to be just for Bentley, and it's based on a much older car: a 1953 R-Type Continental. More specifically, it's based on the 1953 R-Type Continental Bentley keeps in its historic fleet. It's a car that was purchased by the company in 2001 and has been maintained and preserved. The R-Type Continental is an important model for Bentley for a couple of reasons. It's a neat model on its own as a coupe version of the R-Type sedan that got a relatively light aluminum body, and its 4.6-liter straight-six could propel the Continental to nearly 120 mph. But it also was the inspiration for the first-generation Continental GT launched in 2003. So this special Continental GT Azure brings everything full circle. It's painted Old English White with a Cricket Ball leather interior to match the white-over-red of the '53 example. Bentley says the Burr Walnut wood trim with boxwood inlays was given a natural finish lacquer to match the aged wood on the old car. And as an Azure, this Continental GT comes with a variety of comfort-oriented features such as the active anti-roll bars and ultra-adjustable seats with massage. Under the hood is the standard twin-turbo 4.0-liter V8 making 542 hp. Related video: