Record sales for Aston Martin in 2017

The Gaydon-based British car manufacturer has kicked off the new year by announcing record results for 2017.

The luxury handcrafted sports car producer has announced that it sold 5,117 sports cars last year, with a large portion put down to sell-out demand for the DB11 as well as special vehicles including the Vanquish Zagato and Aston Martin Vantage GT8.

Retail sales saw a year-on-year increase of 58%, outpacing wholesale supply which was up 38%, leading the Group to revise and increase its previous full-year guidance of adjusted EBITDA to at least £180 million on revenues of more than £840 million.

Dr Andy Palmer, Aston Martin President and Chief Executive Officer, said: “We continue to perform ahead of expectations, both in terms of financial performance and in meeting our targets for the DB11 and special vehicles.

“This strong sales performance shows that our Second Century transformation plan is building momentum.

“Phase Two of the programme will be largely completed in 2018 with the introduction of the Vanquish replacement and production of the new Vantage, contributing to continued sustainable profitability at Aston Martin.”

2017 saw Aston Martin achieve its highest full-year sales volumes in since 2008, driven largely by rising demand in North America, the UK and China.

This sales performance comes amid continued strong orders for the DB11, the Vanquish S and for special models that more than doubled year on year to 250 vehicles.

As part of the Second Century Plan, Aston Martin is expanding its UK manufacturing footprint.

The company has resumed output of special vehicles, notably the DB4GT Continuation, at its Newport Pagnell facility for the first time since 2007.

And construction work is continuing at the new St Athan facility in Wales, due for completion in 2019, ahead of production of the new DBX SUV.

Aston Martin will report 2017 full-year earnings in March 2018.