Luxury carmaker Bentley had a record year in 2020 as other automakers struggled in pandemic

The 2020 Bentley Continental GT First Edition

Mack Hogan | CNBC

Bentley Motors sold a yarn series of its luxury sedans and SUVs final one year because the relaxation of the auto change struggled to stem losses from the coronavirus pandemic, the 101-one year-old carmaker mentioned Tuesday.

The Volkswagen-owned company sold 11,206 vehicles in 2020 — despite a seven-week closure of its factory in England steady thru the cease of the Covid-19 pandemic final spring. The company sold 11,006 autos in 2019.

Bentley sells some of basically the most costly and rare autos on the earth. Its entry-stage SUV, the Bentayga, starts at round $180,000, while its most exclusive model, the Mulliner Bacalar, sells for round $2 million.

Bentley CEO Adrian Hallmark mentioned he is “cautiously optimistic” referring to change in 2021 “as powerful stays dangerous,” in accordance to an announcement. He mentioned final one year’s gross sales yarn is a “solid measure” of the corporate’s potential because it pivots to turn out to be an absolutely electrical vehicle company by 2030.

Sales within the Americas rose by 4.2% and remained Bentley’s top market in 2020, but its development came from a whopping 48.5% gross sales jump in China. The two markets accounted for 53% of Bentley’s gross sales in 2020, in accordance to the corporate. That offset gross sales declines within the United Kingdom, Europe and the Middle East in 2020.