Rolls-Royce hits sales record in Q1 as wealthy demand luxury cars

Rolls-Royce Ghost


Rolls-Royce Motor Vehicles had its most effective quarter in its116-calendar year historical past, setting a product sales report in the 1st quarter as the world’s rich snapped up its $330,000 SUV and other products.

The luxurious motor vehicle enterprise, which is owned by BMW, delivered 1,380 autos in the 1st quarter, up 62% from the similar quarter in 2020 as the pandemic begun impacting product sales and production. The quarter established a report for the firm, surpassing its past substantial in 2019.

The firm reported demand is especially solid for its the Cullinan, its approximately 3-ton SUV that starts off at $335,000 but usually sells for around $400,000 with selections and customizations. Gross sales are also potent for its new Ghost design, which starts off all over $332,000 and has an optional LED interior roof to simulate a starry sky.

Rolls-Royce’s report-breaking quarter features the most recent sign that the world’s wealthy, who have extra trillions of bucks to their prosperity since the start of the pandemic many thanks to mounting marketplaces, are ready to shell out. Other substantial-conclude auto companies, like Bentley and Lamborghini, have also seen robust new product sales.

Rolls-Royce said desire continues to remain solid “with order publications extending well into the second half of 2021.”

“We have responded to the latest challenges with our customary boldness, creativity and inventiveness, underpinned by meticulous preparing and a relentless emphasis on our customers’ desires and prerequisites,” CEO, Torsten Muller-Otvos, said in a statement.