Aston Martin Had Its Best Year in a Decade


Today, Aston Martin said that for the first time since the financial crisis of 2016, over 5,000 James Bond wannabes had their hands on their dream cars as it announced its aims to resurrect one of the most iconic models of the company.

Today, the luxury marque said that it sold 5,117 vehicles in 2016, the first time since 2008 where it has delivered over 5,000 cars, causing the company to improve its profit guidance.

Retail sales grew 58 percent, forcing full-year guidance for adjusted earnings before interest, taxation, depreciation and amortisation to up to £180m, while revenues are possible to top £840m.

The sleek new DB11 of Aston was among its sellout models, while the Vantage GT8and the Vanquish Zagato were both popular, with demand increasing in the UK, China, and North America.

“We continue to perform ahead of expectations, both in terms of financial performance and in meeting our targets for the DB11 and special vehicles,” stated Aston Martin’s president and chief executive, Andy Palmer.

Aston Martin has resulted in annual losses for years. However, in May 2016, it revealed its first first-quarter profit in a decade, improved by the DB11, as well as an expansion of the brand into new markets that includes a powerboat.

The news arrived after it revealed last month that it had resurrected its DB4 GT for a special run of the 25 so-called continuation cars, which will be manufactured at the company’s Newport Pagnell production facility.