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AUTO NEWS – Porsche 911 Is Destroying Aston Martin Vantage Gross sales

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Porsche 911 Is Destroying Aston Martin Vantage Gross sales

It is no secret that Aston Martin’s monetary state of affairs hasn’t been nice in 2019. Again in July, Aston Martin needed to cut back its gross sales and earnings forecasts attributable to falling gross sales in Europe and the UK mixed with “macro-economic uncertainties.” This got here as an enormous blow since Aston Martin’s gross sales had been up in 2018 in comparison with 2017.

Sadly, the state of affairs hasn’t improved since then, as Aston Martin has introduced a third-quarter pre-tax lack of £13.5 million ($17,309,362) following a 16 p.c drop in automobile deliveries. For comparability, Aston Martin made a revenue of £3.1 million ($3,972,030) in the identical interval final yr and a £79 million ($101,229,415) loss within the second quarter of 2019, which is worrying.

AUTO NEWS – Porsche 911 Is Destroying Aston Martin Vantage Gross sales
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