Reviews

Aston Martin reports a net loss for Q3

The British car marque has lost the equivalent of U.S. $13.4 million in the third quarter of the year.

The situation looks even worse if you consider the year-to-date data. From January to September, the company has incurred $509 million in losses, which translates into $1.8 million per day. The sales aren’t helping, either: while the company managed to move 4,398 cars in the first nine months of 2023, it dropped the number to just 3,638 units this year.

Adding insult to injury is the fact that Aston Martin is currently struggling to procure parts for its cars. Last but not least, the popularity of its vehicles is falling in China, so much so that the production target for 2024 has already been slashed by 1,000 units.

Editor: Andrew Raspopov

November 9, 2024