#vantage
Aston Martin Could Have Had a Better Year
Aston Martin was not under the illusion that 2019 would be a stellar year. After issuing a recent profit warning, the British automaker fired off another this week after realizing it ended up being a worse year than initially feared. Aston’s stock has lost 3 billion pounds in market value since the company’s initial public offering in 2018.
While retail sales were technically up last year, climbing 12 percent, total wholesales fell by 7 percent. According to the manufacturer, gains were made thanks to the redesigned Vantage (introduced in 2018). Unfortunately, that also caused some headaches. Despite being a six-figure car, at Aston Martin the model is technically an entry level, and its high take rate actually resulted in a lower average selling price across Aston’s business for Q4. Combine that with an overall increase in leased vehicles upping financing costs and you’re beginning to see part of the problem.
Rare Rides: A Custom Aston Martin V8 Shooting Brake From 1998
Ever wondered what a bespoke shooting brake might look like if its donor vehicle were a long-wheelbase convertible? Wonder no more, for today’s Rare Ride is just such a vehicle, and is also an Aston Martin.
Geneva 2017: Aston Martin Spawns AMR Sub-brand; AM-RB 001 Gets a Real Name
Aston Martin CEO Andy Palmer promised it at Toronto’s Canadian International Auto Show in February and today he delivered: the psychotic AM-RB 001 hypercar will shed its fax-machine name and henceforth will be known as the Valkyrie. Tremendous.
Oh, and Aston also used the Geneva Motor Show to introduce its own performance brand in the vein of AMG and M, to be called AMR.
Ford 'Fair Games' Its One-Night Stands
New or Used: THE PRICE IS WRONG!
Bing writes:
I am a financially stable 27 year old engineer living in the Bay Area, where it seems BMWs and Audis are about as pedestrian as Camrys. I’ve been getting the car itch, but I don’t like the idea of getting an entry level luxury car like everyone else.
Almost by accident, I stumbled upon the idea of buying a early 2000s Aston Martin DB7 Vantage Volante, which can be had in the low to mid $40s. Aside from the car being gorgeous and powerful, I get to pretend that I’m not just another boring Silicon Valley yuppie (which, believe me, I am) while not being overly flashy (it’s old enough to have a “classic car” vibe). Financially, I would also like to think it has steadied out in depreciation, and if I sell it a few years from now, I may be able to recoup more of my investment compared to getting a much newer car. Finally, there’s something attractive about the idea of having your dream car while you’re young, rather than waiting until you’re 65. So the question is: is this a stupid idea?
Recent Comments