• About
  • Advertise
  • Newsletters
  • Contact Cars UK

Cars UK

Car News, Views and Reviews

Motoring Directory
  • Home
  • Car News
  • Motoring Directory
  • Reviews
  • Classic News
  • Electric Car News
  • Motoring Advice
    • Car Finance Advice
  • Photos
You are here: Home / Car News / Bentley News / Bentley makes more PROFIT in the first half of 2022 than in the whole of 2021

Bentley makes more PROFIT in the first half of 2022 than in the whole of 2021

July 29, 2022 By Cars UK

New Bentley Continental GT Mulliner

Bentley annouunces profits of £334 million in the first half of 2022 – more than in the whole of 2021 – despite Covid and ‘Chip’ shortages.

We know car makers are struggling to make enough cars to fulfil demand in a world of Covid hangovers and parts shortages, and it’s something of a logistical nightmare which is taking forever to resolve.

Some car makers – like Jaguar Land Rover – seem to be struggling more than others, but one example of how a crisis can be turned into an opportunity is Bentley, which has just posted record first-half profits for this year.

In fact, Bentley is doing so well that its profit of £334 million in the first half of 2022 is actually more than its profit in the whole of 2021. How can that be?

Well, it seems VW must be ensuring that the high-margin Bentley business deserves to get more than its fair share of parts, but it would seem the profits come from a big jump in prices paid this year. Bentley says that’s down to a greater level of personalisation, but it also seems likely discounting has disappeared as buyers are desperate to get their hands on a new car.

Sales numbers in the first half rose from 7,199 in the first half of 2021 to 7,398 in 2022, but the average sale price rose from £156,000 to £179,000 delivering Bentley a record 23.3 per cent return on sales, with the Bentayga the biggest seller (40 per cent of sales), followed by the Continental GT (33 per cent) and Flying Spur (27 per cent).

Bentley’s  Jan-Henrik Lafrentz said:

Bentley has continued to focus its efforts on building sustainable, long-term profitability. These results reflect a strong base pricing position, increased revenue through optionality and favourable foreign exchange rates. In parallel, we continue to maintain our lower cost base which is leading to a restructured business model that is delivering strong returns on our investment and sales.

Related:

Filed Under: Bentley News, Car News

Cars UK Motoring Directory

Have your say - leave a comment Cancel reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Search By Distance

Motoring Directory

  • Wey Classics | MG Specialists

    Wey Classics | MG Specialists

    Wey Classics is a family run business offering a wide …Read More »
  • Fares & Repairs | Mercedes, BMW, Audi & Porsche Specialist Surrey

    Fares & Repairs | Mercedes, BMW, Audi & Porsche Specialist Surrey

    Fares & Repairs offers you expert mechanics for all vehicle …Read More »
  • One Stop Autos Cheshire

    One Stop Autos Cheshire

    One Stop Autos Cheshire provides high quality, expert MOT, car …Read More »
Fares and Repairs

Latest Car News

loading
Fares and Repairs

Motoring Directory

  • Cardinal Motors

    Cardinal Motors

    Est. 1981 Cardinal Motors is a Family Business offering car …
  • Kingstown Shipping | Car Shipping Specialists

    Kingstown Shipping | Car Shipping Specialists

    Kingstown Shipping are international shippers of cars, motorcycles, RVs, trailers,caravans, …
  • Motorvation Kent | MINI and Saab Specialists

    Motorvation Kent | MINI and Saab Specialists

    Motorvation in Kent are long established Saab and MINI Specialists …
  • Home
  • Car News
  • Car Reviews
  • Car Photos
  • Car Video
  • Newsletters
  • About
  • Advertise
  • Contact
  • Motoring Listings
  • Car Air Conditioning
  • Alloy wheel Specialists
  • Car Body Repairs
  • Car Finance
  • Car Insurance
  • Car Performance Specialists
  • Car Shipping Specialists
  • Car Storage
  • Car Styling
  • Car Transport
  • Classic Car Specialists
  • Motoring Offence Solicitors
  • Car Service Specialists
  • Audi Specialists
  • BMW Specialists
  • Jaguar Specialists
  • Land Rover Specialists
  • Mercedes Specialists
  • MINI Specialists
  • Porsche Specialists
  • Volkswagen Specialists
  • Bosch Car Service

Follow

Copyright © 2008-2023 · All Rights Reserved · Cars UK Privacy and Cookies Policy

Copyright © 2008-2021 · All Rights Reserved · Cars UK Privacy and Cookies Policy

Change Location
Find awesome listings near you!
 

Loading Comments...