{"id":12920,"date":"2021-11-04T09:03:41","date_gmt":"2021-11-04T13:03:41","guid":{"rendered":"https:\/\/autosector.com\/auto\/?p=12920"},"modified":"2021-11-04T09:03:41","modified_gmt":"2021-11-04T13:03:41","slug":"aston-martin-sales-double-third-quarter","status":"publish","type":"post","link":"http:\/\/autosector.com\/?p=12920","title":{"rendered":"Aston Martin doubles sales in third quarter"},"content":{"rendered":"

LONDON \u2014 Aston Martin<\/a> said on Thursday it had sold 1,349 cars to dealers<\/a> in its third quarter, up 104%, driven by demand for the luxury automaker’s first sport utility vehicle<\/a>, the DBX<\/a>.<\/p>\n

The brand, which posted a 97.9 million pound ($134 million) pre-tax loss between July and September, said it expected to deliver its first steps towards improved profitability this year as it undergoes a transformation plan.<\/p>\n

Fictional agent James Bond’s<\/a> carmaker of choice had a tough time after floating in 2018, as it burnt through cash, prompting it to bring in fresh investment and a new strategy from billionaire Executive Chairman Lawrence Stroll.<\/p>\n

It maintained on Thursday its guidance of full-year sales of around 6,000 cars as it scales up production of its Valkyrie model with deliveries beginning this quarter.<\/p>\n

“Through the first nine months of this year we have successfully built on the foundations we put in place for the company’s success in 2020,” said Stroll.<\/p>\n

“Not only do we have low dealer<\/a> inventory, but it is also healthy and fresh \u2014 a testament to our shift to ultra-luxury positioning.”<\/p>\n

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