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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

Win an SUV 2022 | The best giveaways of the week

Autoblog may receive a share from purchases made via links on this page. Pricing and availability is subject to change. No donation or payment necessary to enter or win this sweepstakes. See official rules on Omaze. SUVs and crossovers are a hugely popular segment in the United States, making up nearly half of total vehicles sold last year. Here are our favorite SUV giveaways we’ve found online this week. Win a Himalaya Land Rover Defender 110 Crew Cab - Enter at Omaze The Land Rover Defender is an icon. An intense, luxurious off-roader that turns heads and can crawl up nearly anything. The problem? For the past 20+ years it hasn't been available in the United States. But this Defender is different. ItÂ’s vintage, restored by Himalaya, and itÂ’s powered by a Corvette engine. Plus Omaze is giving it away.  Here are the specs of the Defender in question, according to Omaze: Maximum Seating: 4 Engine: 6.2-liter Corvette LS3 crate engine Transmission: 6-speed automatic  Drivetrain: 4WD  Exterior Color: Satin Grey Interior Color: Jet Black Maximum Horsepower: 430 hp Maximum Torque: 425 lb-ft Approximate Retail Value: $210,000  Cash Alt: $157,500  Special Features: Black exterior roll bars and trim; Black 18” Sawtooth wheels with 35” tires; Wilwood™ brakes; 3" lift; Black diamond-stitched leather sport seats; MOMO Millenium steering wheel; front and rear matching consoles; Himalaya gauge cluster; Himalaya front and rear bumpers, bed-mounted tire carrier, and extended fender flares; Puma hood; LED lighting YouÂ’re probably asking yourself, what does it take to win? First of all, according to Omaze, "no donation or payment is necessary to enter or win this sweepstakes." $10 will get you 100 entries in this sweepstakes, while $50 will get you 1,000 entries and $100 will get you 2,000 entries. The best part? Each paid entry raises money for a worthy cause. See more about these causes at Omaze. Other Omaze sweepstakes: Win an Airstream Interstate 24X Win a 1958 Porsche 356 A - Enter at Omaze Win a Restored 1969 Pontiac GTO - Enter at Omaze Win a 2022 Porsche 911 GT3 - Enter at Omaze For these and more vehicle sweepstakes, check out Omaze.com. Enter quickly, they won't last forever. Bentley Chevrolet Ford Land Rover Commerce SUV

Bentley Bentayga V8 Design Series embraces the darkness

It is a truism that designers love the color black, and the hue features prominently in the Bentley Bentayga V8 Design Series. Outside, the Design Series comes standard with the Bentayga's optional Blackline package, which includes black trim, black exhaust outlets, and a body-color lower front fascia. The Design Series also gets a special set of seven-spoke Paragon alloy wheels in dark gray. In a trick seen also on — ahem — Rolls-Royce, the wheels feature self-leveling center badges, which means the "B" is never at an incorrect angle. Designers hate that. While the exterior is offered in colors other than black, the interior comes exclusively in black (Bentley's "Beluga"), but with a contrasting accent color — red, orange, white, or blue — that runs across the dash and on the sides of the center console. It is also seen in the seat leather perforations and in the binding of the deep-pile floor mats. Carbon-fiber trim on the dashboard and door panels has a special diamond-weave pattern, while gloss-black center console trim provides still more blackness. A Breitling clock in the dash is not black — it has a mother-of-pearl face. Other included goodies are "Comfort" seats, door sills with an illuminated "Bentley" treadplate, and drilled-alloy pedals. The Design Series is exclusive to the eight-cylinder Bentayga, which is powered by a 542-hp V8. We'd say that buyers of the 12-cylinder model or the Bentayga Hybrid are out of luck but they can probably lean on Bentley's Mulliner in-house customizing operation to approximate something close. But then, if you're going the full Mulliner route, why not get a little more imaginative? Maybe with something like the Bentayga for falconry or this paean to fly fishing? Just be sure to spec those self-leveling wheels — after all, one's B should always be upright.