Aston Martin sales down 42% in 2020 as a result of pandemic
British firm ran down dealer stock to minimise Covid impact; strong DBX demand leads recovery
Aston Martin sales dropped 42% in 2020 as a result of the pandemic, but strong demand for the new DBX SUV sparked a recovery in the final quarter.
The British firm counted 4150 retail sales across the year, down 32% on 2019, and wholesale volume - sales of cars to dealers - dropped 42% to 3394.
As a result, annual revenue declined to £611.8m from £980.5m year-on-year, and Aston Martin made an operating loss of £323m - though this includes £98m of "adjusting operating items, largely the impairment of capitalisedR&D due to technology and cycle plan changes".
This breaking news story is being updated.
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