Iconic UK carmaker Bentley decided to double down on customization a few years ago, and, according to Bloomberg, the strategy has proven to be a winning one so far. Now the automaker is struggling to meet demand for premium options and other add-ons.
The current demand for personalization is unlike anything Bentley has seen in its 105-year history. It's no surprise that if someone is willing to spend more than $200,000 on a car, they want as much say as possible about the exterior color, the polished wood trim on the interior, and the leather covering the padded seats. Because of this, Bentley customers spend approximately $42,000 on options, and 70 percent of buyers also use the brand's Mulliner customization division.
The benefit of this strategy can be seen in the carmaker's financial results. Hallmark reported Bentley's 2023 revenue was $640 million and operating profit was just $3.26 billion, making it the second-best year in the brand's history. Bentley, like the rest of the auto industry, is stalling its electric vehicle plans despite such strong performance.
The company announced that it will delay the debut of its first all-electric model until the end of 2026. In the meantime, it will increase its hybrid offerings with four electrified Continental GT and Flying Spur models.
Follow NEWS.am STYLE on Facebook, Twitter and Instagram
16:34, April 29
Six Senses plans to open Six Senses Residences Dubai Marina, with focus on healthy living15:16, April 29
Gerard Depardieu placed in custody on sexual assault charges13:28, April 29
Legendary actress Shirley MacLaine turns 90, shares secret of her longevity12:34, April 29
The rich have their own quirks: New York billionaire’s extravagant wedding at foot of Egypt’s Great Pyramids11:59, April 29
Khloe Kardashian's personal life takes backseat11:06, April 29
Britney Spears: My family hurt me10:40, April 29
Kim Kardashian wears ‘mob wife aesthetic’ outfit for Lo Máximo Awards 2024 ceremony18:47, April 27
Wine story: JancisRobinson.com chief editor speaks about her wine adventure in Armenia (exclusive)21:16, April 26
Burj Al Arab and Atlantis, The Palm named world’s most Instagrammable hotels20:15, April 26
Gold pocket watch recovered from body of richest passenger on Titanic up for auction19:23, April 26
Montegrappa unveils pen dedicated to Frankenstein16:21, April 26
Miami Sex Museum opens ‘Desire Machines’ exhibition by Hajime Sorayama