Bentley and Rolls-Royce in record profits

Luxury car manufacturers are reporting high profits for last year and this year already. With Bentley and Rolls Royce up there too, it’s nice to see some British car royalty sharing a large piece of the pie.

Britain’s leading luxury car manufacturers Bentley and Rolls-Royce both achieved record profits last year as demand for classic car marques continues to grow.

 

Bentley, which accounts for one in every four luxury cars sold around the world, saw sales jump a fifth to £1.4 billion to the year ending December 31, 2013. Profits rocketed from £108 million to £181 million as it sold a record 10,120 cars.

 

It is a remarkable performance for the company, which recorded a pre-tax loss of £293 million on a £591 million turnover just three years ago.

 

Since buying Bentley in 1998, owner Volkswagen has invested more than £1 billion in improving production at its manufacturing plant in Crewe, Cheshire.

 

Rolls-Royce Motor Cars, owned by Germany’s BMW, sold a record 3,630 cars last year, all handmade to order at Goodwood, West Sussex. A spokesman said: ‘There is an appetite around the world for quality, luxury and Britishness.’

Source http://www.thisismoney.co.uk/money/news/article-2644739/Luxury-car-manufacturers-Bentley-Rolls-Royce-rev-record-profits.html?ito=feeds-newsxml