Bentley Achieved Highest Sale Led By Bentayga By 82% In 2022
As part of its latest financial results, Bentley Motors announced its best-ever annual operating profit and vehicle sales for the second year in a row.
In 2022, the company reported a record-breaking operating profit of €708 million, up €319 million from the previous year.
Bentley also sold 15,174 vehicles last year, marking the first time the brand has sold more than 15,000 vehicles in a single year.
Return on sales increased to 20.9 percent in 2022, up 7.2 percent from 2021. According to Bentley, this is due to customers opting for higher-spec vehicles, increased option uptake, and the sale of limited-edition and coachbuilt vehicles.
The Bentley Bentayga SUV remains the brand's best-selling vehicle, accounting for 42% of total sales in 2022. This was followed by the Continental GT and GTC, which accounted for 31% of the model mix, and the Flying Spur, which accounted for 28% of total Bentley sales.
“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,” said Bentley Motors CEO Adrian Hallmark. “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,” he added.
According to recent reports, Bentley intends to offer only plug-in hybrid (PHEV) and electric vehicles (EVs) by 2026, with the goal of going all-electric by 2030.
The British automaker recently announced that it will discontinue production of its W12 engine in April 2024, replacing it with the ultra-exclusive Batur.
Bentley previously stated that it would unveil its first EV in 2025 and bring it to market in 2026.
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