#vantage

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.

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.

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.

True story: Many, many years ago I briefly dated a young woman who, at the age of 16, was the subject of a custody battle between her hard-luck mother and her suburban aunt. You’d expect this to go the way of the aunt, and you’d be right. But what you would not expect is that the aunt was married to a fellow who, some 15 years earlier, had been L. Ron Hubbard’s personal bodyguard. He was deeply involved in the “Sea Org” and a bunch of other Scientology-related stuff. He also claimed to have been a Green Beret and a decorated Vietnam veteran. (More information on the dude here, if you’re interested.)Scientology in general, and my girlfriend’s foster dad in particular, was notorious for “fair-gaming” its lapsed members and anybody else who gets in the way of the organization. “Fair Game” is an L. Ron Hubbard phrase that means, basically, no action that can be taken by church members against the person in question is off-limits. It’s okay to attack them, kidnap them, have their home “SWATted”, destroy their careers or their credit rating. Being “fair gamed” by the Church of Scientology is very far from a picnic. The Church now disavows “fair gaming”. (More info here.)The Ford Motor Company, on the other hand, doesn’t seem too reluctant to “fair game” a few of its lapsed members, as you’ll see.

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?