Bentley Q1 profit soars despite cars lost at sea and stuck in China

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Bentley Q1 profit soars despite cars lost at sea and stuck in China
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Luxury British carmaker Bentley on Thursday said its first-quarter operating profit jumped 162% versus the same period last year, as soaring vehicle prices offset the loss of some cars at sea and pandemic-related delivery problems in China.

unit said high customer interest in new models resulted in a record order book of just under 10,000 vehicles for the 102-year-old carmaker.

"The crises that we've had with COVID, semiconductors and now the tragedy in Ukraine have not dented customers' willingness to invest in high luxury goods and certainly not in Bentleys," Hallmark told Reuters. "We're really doing well." First-quarter vehicle sales fell 5% to 3,203 units from 3,358 a year earlier, with sales down 9% in the Americas and 29% in China.

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