Bentley 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.'
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.
For those who leased rather than bought cars with a starting pre-tax price above 220,000 euros , interest rates had led to a tripling in monthly fees last year, Hallmark said. 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.
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