Budapest Post

Cum Deo pro Patria et Libertate
Budapest, Europe and world news

Rolls-Royce says super rich keep on buying luxury cars

Rolls-Royce says super rich keep on buying luxury cars

A cooling economy isn’t stopping the very wealthy from buying a Rolls-Royce.
“We haven’t seen any downturn in order intake here over the last months,” Rolls-Royce Motor Cars Ltd. Chief Executive Officer Torsten Müller-Ötvös told Bloomberg Television. “I’m cautiously optimistic about this year.”

While Rolls-Royce isn’t immune to a recession, the global distribution of its customers protects the luxury-car maker somewhat, the CEO said. The British company is coming off a record year, having delivered more than 6,000 vehicles in 2022.

Rolls-Royce, owned by Germany’s BMW AG, plans to sell only battery-powered vehicles by the end of this decade. The British manufacturer in October showed off the Spectre, an all-electric coupe with a zero-to-60 mph sprint time of 4.4 seconds.

Orders for the Spectre, which is supposed to arrive in the fourth quarter, are “exceeding our highest expectations, the CEO said, adding that the brand is attracting new customers because it’s going electric.

The overall luxury market may cool slightly this year and it’s too early to predict how China will develop, even as it’s encouraging that travel from the Asian country is picking up, Müller-Ötvös said.

“Once the pandemic is over in China, I foresee again growth patterns to happen there as well,” he said. “The rest of the world is pretty stable.”

Rolls-Royce sales rose 8 percent last year to 6,021 cars as growing demand in the Americas offset declines in China, with customers spending around €500,000 ($537,100) per vehicle on average.

The Cullinan, the brand’s first sport utility vehicle, was Rolls-Royce’s best-selling model making up almost half of deliveries, the CEO said.
Newsletter

Related Articles

0:00
0:00
Close
Farmers break through police barriers in Brussels.
Ukraine Arrests Father-Son Duo In Lockbit Cybercrime Bust
US Offers $15 Million For Info On Leaders Of Cybercrime Group Lockbit
Apple warns against drying iPhones with rice
Alexei Navalny: UK sanctions Russian prison chiefs after activist's death
German economy is in 'troubled waters' - ministry
In a recent High Court hearing, the U.S. argued that Julian Assange endangered lives by releasing classified information.
Tucker Carlson says Boris Johnson wants "a million dollars, in Bitcoin or cash, from Tucker Carlson to talk about Ukraine.
Russia is rebuilding capacity to destabilize European countries, new UK report warns
EU Commission wants anti-drone defenses at Brussels HQ
Von der Leyen’s 2nd-term pitch: More military might, less climate talk
EU Investigates TikTok for Child Safety Concerns
EU Launches Probe Into TikTok Over Child Protection Under Digital Content Law
EU and UK Announce Joint Effort on Migration
Ministers Confirm Proposal to Prohibit Mobile Phone Usage in English Schools
Avdiivka - Symbol Of Ukrainian Resistance Now In Control Of Russian Troops
"Historic Step": Zelensky Signs Security Pact With Germany
"Historic Step": Zelensky Signs Security Pact With Germany
Russian opposition leader Alexey Navalny has died at the Arctic prison colony
Tucker Carlson grocery shopping in Russia. This is so interesting.
France and Germany Struggle to Align on European Defense Strategy
‘A lot higher than we expected’: Russian arms production worries Europe’s war planners
Greece Legalizes Same-Sex Marriage and Adoption Rights
Russia "Very Close" To Creating Cancer Vaccines, Says Vladimir Putin
Hungarian Foreign Minister: Europeans will lose Europe, the Union's policy must change drastically
Microsoft says it caught hackers from China, Russia and Iran using its AI tools
US Rejects Putin's Ceasefire Offer in Ukraine
The Dangers of Wildfire Smoke and Self-Protection Strategies
A Londoner has been arrested for expressing his Christian beliefs.
Chinese Women Favor AI Boyfriends Over Humans
Greece must address role in migrant vessel disaster that killed 600: Amnesty
Google pledges 25 million euros to boost AI skills in Europe
Hungarian President Katalin Novák Steps Down Amid Pardon Controversy
Activist crashes Hillary Clinton's speech, calls her a 'war criminal.'
In El Salvador, the 'Trump of Latin America' stuns the world with a speech slamming woke policing after winning a landslide election
Trudeau reacts to Putin's mention of Canadian Parliament applauding a former Ukrainian Nazi in his interview with Tucker Carlson.
The Spanish police blocked the farmers protest. So the farmers went out and moved the police car out of the way.
Volodymyr Zelenskiy fires top Ukraine army commander
Tucker Carlson's interview with Vladimir Putin raises EU concerns
Finnish Airline, Finnair, is voluntarily weighing passengers to better estimate flight cargo weight
Russia's Economy Expands by 3.6% Due to Increased Military Spending
Ukraine MPs Vote To Permit Use Of Dead Soldiers' Sperm
German Princess Becomes First Aristocrat To Pose Naked On Playboy Cover
UK’s King Charles III diagnosed with cancer
EU's Ursula von der Leyen Confronts Farmer Protests Amid Land Policy Debates
Distinguishing Between Harmful AI Media and Positive AI-Generated Content: A Crucial Challenge for the EU
Tucker Carlson explains why he interviewed Putin
Dutch farmers are still protesting in the Netherlands against the government, following the World Economic Forum's call for 'owning nothing.'
Hungarian Prime Minister Viktor Orbán stands up for European farmers and says, 'Brussels is suffocating European farmers.
This farmer seems to understand science a bit more than the event organizer, Klaus Schwab.
×