Report: Bentley hit by recession

The rich are also cutting back due to the recession. If you don’t believe us, just consider Bentley’s announcement that it will only sell about 5,000 cars this year, a 50% reduction compared to 2007. In a recent interview with Goauto, Bentley Motors regional director Geoff Dowding said that its officials are hopeful about 2010 being much better than 2009.

Still, Bentley is “being very sensible with its budgets, forecasts and predictions.” Nonetheless, Dowding disclosed that Bentley is preparing for the worst case. He stated further that recovery will be slow and that the company will act responsibly as it gets itself out of the clutches of the recession. In 2008, Bentley sold 7,000 cars. In 2009, things went worse as sales in the US and European markets plunged by 50 percent.
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Type707 - 12/17/2009 8:08:28 PM

+1 Boost

Doesn't suprise me one bit...look at the cost of the vehicle. Would you rather buy a condo/House vs. Bentley?

ThierryHenry14 - 12/17/2009 8:57:01 PM

+3 Boost

Not for nothing, but someone looking at a Bentley is most probably all set at the condo/house department.

ThierryHenry14 - 12/17/2009 8:58:11 PM

+2 Boost

Most people who are considering (new) Bentleys are most probably already established enough to have their own House. There are exceptions, but I think its a majority...

XYZZ - 12/18/2009 9:57:30 AM

+1 Boost

a coupla Lexuses most likely.

XYZZ - 12/18/2009 9:59:32 AM

+1 Boost

and likely, LS600hL HYBRIDS.

when you're in the saving mode, a limo with better mpg really makes sense.