Future Retirement Success
  • Politics
  • Business
  • Investing
  • Stocks
  • Politics
  • Business
  • Investing
  • Stocks

Future Retirement Success

Business

Rolls-Royce new electric model helps Sussex based luxury carmaker set new sales record

by January 8, 2024
January 8, 2024
Rolls-Royce new electric model helps Sussex based luxury carmaker set new sales record

More people than ever before were prepared to splash out several hundred thousand pounds on a new Rolls-Royce last year, despite the cost of living crisis.

Initial deliveries of its first zero-emission vehicle helped Rolls-Royce Motor Cars to another record, selling 6,032 cars last year, beating the 6,021 record achieved in 2022.

During 2023 the Rolls-Royce plant — the Goodwood, West Sussex-based luxury division of BMW, the German carmaker, which employs 2,500 people — produced its last coupé with a high-performance V12 engine with the retirement of the Wraith model and its soft-top Dawn version.

As it shifts from being a seller of gas-guzzlers to a purveyor of greener vehicles, it has begun deliveries of its first all-electric model, the £330,000 Spectre, setting the company on a trajectory to making only zero-emission vehicles from 2030. It claims the new model is attracting younger buyers.

The powerhouse of Rolls-Royce’s growth, however, has been its last internal combustion engine product launch, the carmaker’s venture into the lucrative 4×4 market and its £300,000 Cullinan model.

The United States remains Rolls’ largest market, followed by China and Hong Kong, although it reported that European sales, within which Britain is the largest segment, had delivered record sales. Business in the Middle East has been boosted by demand for ever more elaborate custom work on bespoke interiors and exteriors. It also reported a strong performance in South Korea, with its vibrant economy attracting demand for luxury goods.

“It was another extraordinary year,” said Chris Brownridge, 49, who stepped over from BMW UK to become Rolls-Royce’s chief executive last month. “I’m in the extremely fortunate position of taking over responsibility for a business in robust good health with strong foundations. It’s especially encouraging to see the enormous interest in and demand for Spectre, supporting the decision to adopt a bold ‘all-electric’ strategy for future model development and production.”

Read more:
Rolls-Royce new electric model helps Sussex based luxury carmaker set new sales record

0
FacebookTwitterGoogle +Pinterest
previous post
Millions set to claim disability benefits as mental illness and long covid soars
next post
International technology conference in Las Vegas unveils gadgets including a BlackBerry-style iPhone keyboard and portable microwave

You may also like

Can a business be both purpose-driven and profitable?

April 18, 2024

Close Brothers sets aside £165m amid car loan...

February 12, 2025

Keir Starmer aims to reset Brexit relations with...

August 28, 2024

Should You Work with Your Spouse? Pros and...

October 18, 2023

Wet Weather and Economic Caution Dampen Spring Retail...

May 7, 2024

UK economy grew faster than Germany and France...

September 29, 2023

UK wage growth slows to two-year low amid...

July 18, 2024

Showdown talks over rail strikes planned as country...

December 15, 2022

Brexit Border IT Outages Delay Import of Perishable...

May 15, 2024

Sir Patrick Vallance Champions Labour’s Accelerated Green Energy...

May 31, 2024

    Get free access to all of the retirement secrets and income strategies from our experts! or Join The Exclusive Subscription Today And Get the Premium Articles Acess for Free

    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Recent Posts

    • Padel club boom sees 3,200 venues built in 2024 as global popularity accelerates

      June 27, 2025
    • Sweet or taxable? M&S strawberry sandwich sparks new VAT debate

      June 27, 2025
    • Starmer thanks business for footing tax bill

      June 27, 2025
    • UK SMEs must strengthen cybersecurity as geopolitical threats escalate, warns Espria

      June 27, 2025
    • Jeremy Hunt ‘made a mistake’ targeting non-doms, says shadow business secretary

      June 27, 2025
    • Small firms raise alarm over Companies House rule change forcing profit disclosure

      June 27, 2025

    Categories

    • Business (8,326)
    • Investing (2,074)
    • Politics (15,824)
    • Stocks (3,172)
    • About us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: futureretirementsuccess.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2025 futureretirementsuccess.com | All Rights Reserved