Aston Martin starts shipping £2.4m Valkyrie hypercar following delays

Luxury car-maker Aston Martin has said it has finally started shipping its luxury Valkyrie hypercar to customers following delays.

Bosses added that the company’s DBX SUV, on which they have pinned a long-awaited recovery, is selling well, with more than 3,000 units shifted last year.

Wholesale sales grew 82% to 6,182, including 3,001 new DBX cars – taking around 20% of the luxury SUV sector. Sales of the DBX along with GT vehicles on forecourts were even higher.

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Aston Martin said its first £2.4 million Valkyrie hypercar shipped at the end of last year, having earlier faced electrical issues.

Library image of the Aston Martin Valkyrie AMR Pro.  Picture: Aston Martin/PA.Library image of the Aston Martin Valkyrie AMR Pro.  Picture: Aston Martin/PA.
Library image of the Aston Martin Valkyrie AMR Pro. Picture: Aston Martin/PA.

The first was built in November, but only 10 have so far been shipped to wealthy customers – fewer than previously planned.

The company said: “Following an extensive and challenging development and testing schedule, which has now successfully completed, the game-changing Aston Martin Valkyrie hypercar programme is in production and deliveries to customers have commenced.”

As a result of the delays, underlying pre-tax profits will be around £15 million lower than expected when the firm announces its full-year results later this year.

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But bosses said this is only a timing issue, and profits from the vehicle will be reflected in future results.

Cash balance at the end of the year for Aston Martin will now be £420 million – higher than expected.

Executive chairman Lawrence Stroll said: “I am extremely pleased that our core business has delivered to plan with over 6,000 core wholesales in the year whilst driving inventory to levels that are appropriate for an ultra-luxury business.

“The evidence is there that our strategy is working, as retail sales are well ahead of wholesales supported by strong pricing and improving residual values. It is a very long time since the core business was in such good health as it is today.”

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He added that the company has also benefited from returning to Formula One “which has significantly increased our brand exposure, perception and desirability”.

Chief executive Tobias Moers said: “Our core business delivered as planned while navigating a challenging external operating environment.”

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