Bentley delivered 15,174 cars in 2022, a record number for the company, with a four percent increase in volume. The continued demand for SUVs ensured the Bentayga remained the company's number one model, selling more in its sixth year of sales than ever before, accounting for 42% of total sales.
The Continental GT and Convertible accounted for nearly a third of sales, with the performance-oriented GT Speed claiming almost 31% of the model mix. The Flying Spur achieved 28% of Bentley's total sales, helped by the introduction of an environmentally-friendly Hybrid.
The company's return on sales climbed to 20.9%, an impressive rise from 13.7% in 2021 and the highest in Bentley's 104-year history. This increase was due to customers choosing higher specification derivatives, higher option uptake, and the sale of Limited Editions and Coachbuilt collectibles.
Bentley's latest financial results support the company's Beyond100 strategy, as it looks to electrify its entire product range and achieve carbon-neutral status by 2030. The company plans to invest €3 billion in future models and at its Pyms Lane factory in Crewe, England, where all Bentley models are built.
Commenting on the record results, Adrian Hallmark, Chairman, and CEO of Bentley Motors, said, “Since the low point of 2018, the whole team at Crewe has been working intensively to restructure the business model, in parallel with launching successive segment leading new models and features. Last year marked a milestone in this journey. An almost €1 billion profit turnaround has been achieved since 2018 despite an unprecedented period of disruptions and crises including Brexit, Covid, Semiconductor supply, Ukraine and UK economic instability."
Source: Bentley
