Luxury market challenges hit Bentley: profits plunge, revenue down

Bentley has posted its lowest annual revenue since the COVID pandemic struck in 2020 as the British luxury automaker faced a tough global market in 2024, but said it was pursuing “value over volume” with revenue per car up 10 per cent versus 2023.

The Volkswagen (VOWG.DE) unit reported an operating profit for 2024 of 373 million euros ($407 million), down 37 per cent from 589 million euros the previous