British luxury automaker Bentley is betting big on hybrids and going after a younger consumer.
Bentley , coming off a strong but not record-breaking 2023, believes it can get back on track. New US CEO Mike Rocco told Yahoo Finance a dip in sales was expected last year, but 2025 could be a strong one, with an all-new Continental GT plug-in hybrid coming by the end of 2024.
While clients are accepting of hybrid and some electrified features, those buying in the supercar territory are worried about drawbacks to full EVs. “Overall, I would say that we're shifting from early 60s to probably early 50s, late 40s; it's definitely trending that way the last couple years,” Rocco said about the average age of its buyers. "Since 2019 we've seen it come down into a space that we're more comfortable with, an age we're more comfortable with.”
With the launch of the new Continental GT, expected to have an MSRP of $300,000, the luxury brand hopes sales will get back to another record year and increase profits if its clients continue ordering those high-margin options and customizations.Trump is visiting the border to highlight immigration as Democrats accuse him of sabotaging progress
Continental Monterey Car Week Hybrid Powertrain
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Video shows suspects ramming gate at Bridle Path home in broad daylight, stealing BentleyA family in Toronto’s Bridle Path neighbourhood said their home was targeted by intruders for the second time in two years after suspects were captured on video crashing into a metal gate and stealing a luxury car from the property earlier this week.
Read more »
Video shows suspects ramming gate at Bridle Path home, stealing BentleyA family in Toronto’s Bridle Path neighbourhood said their home was targeted by intruders for the second time in two years after suspects were captured on video crashing into a metal gate and stealing a luxury car from the property earlier this week.
Read more »
Quebec businessman Paul Nassar buys luggage retailer Bentley & Co. Ltd.Court filings show luggage retailer Bentley & Co. Ltd. has agreed to be sold to Quebec businessman Paul Nassar.
Read more »
Quebec businessman Paul Nassar buys luggage retailer Bentley & Co.Luggage retailer Bentley & Co. Ltd. has agreed to be sold to the Quebec businessman behind the Hart chain, court filings show.
Read more »
Quebec businessman Paul Nassar buys luggage retailer Bentley & Co. Ltd.Montreal-based Bentley has about 700 employees and 130 stores in Canada that sell luggage, handbags, backpacks and other accessories
Read more »
Quebec businessman Paul Nassar buys luggage retailer Bentley & Co. Ltd.MONTREAL — Court filings show luggage retailer Bentley & Co. Ltd. has agreed to be sold to Quebec businessman Paul Nassar.
Read more »