Aston Martin Can't Stop Making Money

Money

Is that rumored IPO next?

The financial first quarter of 2018 is over and the results continue to come in from various industries, including automakers. And one automaker in particular continues to stand out, Aston Martin. The iconic UK company has just announced a 3 percent rise in first-quarter earnings before interest, tax, depreciation and amortization. In short, this represents a profit margin of 24 percent on revenues of 185.4 million GBP (roughly $249.3 million). From the beginning of the year through March 31, Aston Martin earned pre-tax profits of 2.8 million GBP, which can be attributed to one main factor:

Soaring demand for the new DB11 twin-turbo V8 and DB11 Volante. Only a couple of days ago did the first all-new Vantage roll off the assembly line, so future profits are looking extremely bright as well. But it’s not just the new Vantage that’ll be bringing home the dough. Over the next few years, Aston Martin will launch the world’s first luxury brand with a lineup consisting of all-electric vehicles. The Lagonda Vision Concept, shown last March at Geneva, was just a preview. To breakdown Aston Martin’s early 2018 sales figures, a total of 963 units were sold, compared to 1,203 during the same period in 2017. Why the slight drop?

You Might Also Like
Can't Afford A New Audi A7? Here Are 7 Cheaper Alternatives
Can't Afford A New Audi A7? Here Are 7 Cheaper Alternatives
10 Craziest Drag Races Of The Month: July 2018 Edition
10 Craziest Drag Races Of The Month: July 2018 Edition

Because dealership inventories of older models were sold off while factory work was being done in order to prepare for the launch of the DB11 Volante, Vantage and the also upcoming DBS Superleggera, the successor to the outgoing Vanquish. Already for 2018, the order books have exceeded overall production capacity. Furthermore, the wholesale price per vehicle increased by 11 percent to 160,000 GBP ($215,000) due to customers selecting more options. As part of the company’s Second Century Plan, total product investment has increased to over $91 million, up from about $62 million in the first quarter of 2017.

This can be attributed to increased R&D spending as well as the construction of its new factory in Wales. Given everything, Aston Martin certainly sounds like it’s never been in better financial shape. No wonder it’s been considering an initial public offering (IPO), and we wouldn’t be surprised to see this happen in the very near future.

Fake Lamborghini Murcielago SV Reverse-Engineered By Iran

The Chinese couldn’t have done it better.

Hennessey Trackhawk Is World's Quickest SUV

That's what a thousand horsepower will do for ya.

5 Things You Need To Know About The 2019 BMW X5

After driving the car for the first time, here are our key takeaways.

Watch The BMW M2 Competition Lap The Ring In 7:52

That was supercar territory not long ago.

Kim Jong-un Gets Classy With New Ride

So much for sanctions.

Drifting A 1,000-HP Corvette On Mountain Roads Takes Some Serious Skill

Thought drifting the entire Nurburgring was challenging? Try it in a 1,000-hp Corvette on a mountain road with no safety rails.

Hennessey Heritage Edition Ford Truck Makes More Power Than Anything You’ve Got

This crazy beast is even more powerful than the Ford GT.

Ford Imagines A Future With No Traffic Lights

Stopping at junctions could be a thing of the past in the future.

One-Off Ferrari 330GT Speciale Is A 50-Year-Old Dream Come True

This stunning coachbuilding project is a tribute to legendary Italian designer Giovanni Michelotti.

What's Hot

Related Cars

Starting MSRP
$160,000
Starting MSRP
$216,500

Related Reviews

2018 Aston Martin DB11 V8 Coupe  Review
Model Overview
0
2018 Aston Martin DB11 V8 Coupe Review
2019 Aston Martin Vantage First Look Review: A Huge Step Forward
First Look
9
2019 Aston Martin Vantage First Look Review: A Huge Step Forward
2018 Aston Martin Vantage Review
Model Overview
0
2018 Aston Martin Vantage Review
2019 Aston Martin Vantage Test Drive Review: Sharp-Dressed British Muscle Car Shapes Up
Test Drive
12
2019 Aston Martin Vantage Test Drive Review: Sharp-Dressed British Muscle Car Shapes Up
2019 Aston Martin DB11 Test Drive Review: Making You Cool, Even If You're Not
Test Drive
18
2019 Aston Martin DB11 Test Drive Review: Making You Cool, Even If You're Not