Skip to content
 

By Jordan Aquistapace –  January 17, 2024

Brabham Group And Fusion Capital End Its Six-Year Partner

Brabham Group Limited and Fusion Capital have officially ended their six-year collaboration, marking a significant shift in the industry of high-performance automotive engineering. This partnership, responsible for the creation and worldwide distribution of Brabham vehicles, represented a union of heritage and innovation, leveraging the renowned Brabham name in the automotive industry. During its partnership, the two companies achieved notable successes, including the global launch of the Brabham BT62 high-performance track car in 2018. The event, held at Australia House London, was attended by media, former Brabham F1 drivers, and VIP guests, showcasing the BT62's prowess. The BT62, along with its successor the BT63, set lap records at iconic tracks like Bathurst Mount Panorama and Phillip Island, and secured pole positions and race victories in Europe, solidifying its status in the high-performance vehicle sector. David Brabham, Director of Brabham Group Limited, expressed both regret and gratitude for the partnership with Fusion Capital, emphasizing the significant progress made for the ‘Brabham’ brand. With the automotive brand license now concluded, Brabham looks forward to exploring new avenues in Motorsport, Automotive, and Heritage sectors. Mat Fitch, Chairman of Fusion Capital, reflected on the strategic misalignments that led to the partnership's end, while highlighting the family's long-standing investment in automotive and manufacturing. Fitch remains optimistic about challenging mainstream OEMs and harnessing powertrains for future projects. As this chapter closes, Brabham Group Limited and Fusion Capital are poised to embark on separate but equally ambitious paths in the ever-evolving automotive industry. Source: Brabham

By Jordan Aquistapace –  November 02, 2023

Jaguar Land Rover Reports Record Q2 Revenue With A Robust...

Jaguar Land Rover (JLR) has recently shared a remarkable financial report for Q2 FY24, showcasing sustained upward momentum with a revenue leap to $8.4 billion, a 30% year-over-year increase. The impressive figures reflect the British automaker's strength and stability, marking a 42% surge in six-month revenues to a record $16.2 billion, compared to last year's $11.8 billion. This substantial revenue boost comes thanks to the ease of supply conditions, enabling a 29% rise in vehicle deliveries and a favorable sales mix. The quarter's profitability mirrored this positive trajectory, flipping a past loss to a pre-tax profit of $538 million, with an EBIT margin soaring to 7.3%. Profit after tax proved strong at $331 million, demonstrating the brand's turnaround from previous downturns. JLR's strategic financial management was further highlighted by a successful $365 million free cash flow and a proactive debt reduction, showcased by a significant bond buyback move. JLR's order book remains packed with over 168,000 client orders, primarily driven by high demand for luxury models like the Range Rover, Range Rover Sport, and the iconic Defender, which jointly contribute to 77% of total orders. With anticipations set for a gradual rise in H2 FY24 production volumes, JLR projects its commitment to surpass $2.4 billion in free cash flow and taper net debt to below $1.2 billion by the end of FY24. View all Jaguar and Land Rover models currently for sale on duPont REGISTRY by clicking the link below. View All Jaguar For Sale View All Land Rover For Sale Source: Jaguar Land Rover

By Jordan Aquistapace –  October 25, 2023

Porsche Continues Momentum After Reporting Stellar Q3 202...

A year after its successful IPO, Porsche AG continues to shift into high gear, reporting strong financial figures for Q3 2023. The world-renowned sports car manufacturer has seen its Group sales climb by 12.6% to $3.187 billion, while Group operating profit rose 9.0% to $5.82 billion. This performance places Porsche's operating return on sales at 18.3%, firmly in the upper half of its self-imposed target corridor. Meanwhile, net cash flow for the automotive segment registered at $3.59 billion, further highlighting Porsche's financial health. According to Lutz Meschke, Deputy Chairman of the Executive Board and Board Member for Finance and IT, the growing figures come despite significant investments in the brand and technology. Oliver Blume, Chairman of the Executive Board, attributes the company's financial health to its strong global positioning and high worldwide demand across all model lines. The all-electric Taycan sports car continues to be a standout, with deliveries increasing by 11% to 27,885 units in the first nine months of 2023. The Taycan’s success story is far from over, and it underscores Porsche’s resilience in navigating supply chain challenges and varying e-mobility developments across sales regions. Looking forward, Porsche aims to maintain its high operating return on sales despite ongoing investments in future technologies and an ambitious plan to launch four new models in 2024. The automaker has confirmed its full-year financial forecast, which anticipates a Group operating return on sales between 17% and 19%, based on estimated sales revenue ranging from $42.3 to $44.4B. Porsche Financial Services (PFS) also showed steady growth, with a slight decline in operating profit due to increased interest rates and refinancing activities. Overall, Porsche's Q3 2023 performance exemplifies the brand’s strength and adaptability in a complex market landscape. View all Porsche models currently for sale on duPont REGISTRY by clicking the link below. View All Porsche For Sale Source: Porsche

By Jordan Aquistapace –  October 10, 2023

Mercedes-Benz USA Reports Strong Electric & Top-End Vehic...

Mercedes-Benz USA experiences a 284% surge in EQ sales in Q3 2023, with electric vehicles making up 14% of the year's passenger vehicle sales. Mercedes-Benz USA has been riding high, as their impressive Q3 2023 sales numbers reflect an upward trend for the world-renowned manufacturer. Mercedes reported that sales of their electric EQ lineup skyrocketed, showcasing an impressive growth of 284% compared to 2022, reaching 10,423 units. This electric boom means that EQs now make up 14% of the brand's overall vehicle sales for the year. The growth doesn't stop there, with top-end vehicle segments witnessing an 11% increase in Q3 2023 with 21,020 units flying off the production line. Within this segment, the S-Class model stood out with a 48% sales rise. On the electric front, the EQS SUV showed its success with 1,596 units sold. Moving to Mercedes-Benz's core, the E-Class noted a 25% growth with 4,827 units sold. Entry-level models also recorded an 11% increase compared to Q3 2022. The EQB electric model achieved a 343% sales growth, highlighting the brand's ability to cater to diverse markets. In the commercial space, Mercedes-Benz Vans reported a hearty 24% sales jump in Q3, pushing the year-to-date growth to 6%. This sets an encouraging stage for the launch of their eSprinter, the first fully electric van for North America. Dimitris Psillakis, President and CEO of Mercedes-Benz USA, expressed enthusiasm over the robust sales, especially highlighting the EQE SUV and EQS SUV. With a blend of luxury, performance, and eco-consciousness, Mercedes-Benz seems to have hit the sweet spot in the auto market. View all Mercedes-Benz models currently for sale on duPont REGISTRY by clicking the link below. View All Mercedes-Benz For Sale Source: Mercedes-Benz

By Jordan Aquistapace –  October 06, 2023

Jaguar Land Rover Reports A 29% Sales Surge Over Last Yea...

The most profitable Range Rover, Range Rover Sport and Defender models accounting for 77% of the orders. Jaguar Land Rover (JLR) has started this fiscal year with a bang, revealing encouraging numbers for the second quarter of FY24, which ended on 30th September 2023. A significant boost in sales volume highlights JLR's ongoing success, largely thanks to improvements in the manufacturer's supply chain, enabling them to get more vehicles into the hands of eager customers. During this period, JLR witnessed wholesale volumes of 96,817 units, marking a 29% jump from the same quarter of the previous year. Even more impressive, this figure represents a 4% growth from the quarter ending in June 2023, despite a regular two-week summer plant hiatus. Additionally, JLR's first-half wholesale volumes reached an impressive 190,070, showing a consistent 29% growth year-on-year. On the retail front, they recorded sales of 106,561 units for Q2, a 21% increase from the previous year. It's worth noting the geographical spread of this growth too, with overseas sales growing by a whopping 56%. This is followed by North America at 32%, Europe at 16%, the UK at 9%, and China, with a 7% boost. Boasting 168,000 client orders by the end of Q2, JLR's popular models, the Range Rover, Range Rover Sport, and Defender, made up a significant 77% of these orders. As we anticipate the full financial results from JLR at the start of November, a sneak peek indicates a promising positive free cash flow of approximately £300 million for Q2 FY24. View all Jaguar Land Rover vehicles currently for sale on duPont REGISTRY by clicking the link below. View All Jaguar For Sale View All Land Rover For Sale Source: Jaguar Land Rover (JLR)

By duPont REGISTRY –  September 19, 2023

Antoine Tessier Named CEO of duPont REGISTRY Group

duPont REGISTRY Group, Driven Lifestyle's luxury ecosystem for the high-end automotive lifestyle, bringing culture, community and commerce together at the intersection of technology and digital platforms, announces today the appointment of Antoine Tessier as Chief Executive Officer. A technology and luxury lifestyle veteran, Tessier brings a wealth of knowledge in luxury transformations and digital technologies to the position.  Prior to joining duPont REGISTRY Group, Tessier spent 12 years with LVMH Group, most recently as the Chief Technology Officer of LVMH Americas. In his time at LVMH Group, he spearheaded strategic initiatives, fostered a dynamic and inclusive culture, and consistently delivered exceptional results.  “Antoine Tessier is a visionary leader with a passion for driving innovation and growth,” says Christian Clerc, Chairman of duPont REGISTRY Group. “We’re excited to have him on board, as he has a proven track record for strong leadership skills and a collaborative approach. Antoine empowers his teams to innovate with a customer-centric mindset, and that is exactly what we need as we begin this exciting journey for the duPont REGISTRY Group.”  In his role, Tessier will oversee all worldwide aspects of duPont REGISTRY Group’s strategic direction and global business growth, including its ecosystem of brands: duPont REGISTRY, Sotheby’s Motorsport, Canossa Events and FerrariChat. He will be responsible for all business functions, including product, content, marketing and operations.  “It’s an honor to be appointed CEO of duPont REGISTRY Group,” states Tessier. “As a veteran of the luxury lifestyle industry, I look forward to connecting with the millions of ardent fans, luxury car enthusiasts and stakeholders throughout this integrated ecosystem. The Driven Lifestyle platform, specifically the duPont REGISTRY Group, is the ultimate omnichannel network catering to the high-end automotive lifestyle. I look forward to redefining how these enthusiasts interact with their passion.” Tessier has over seventeen years of experience in luxury retail. Before becoming Vice President and Chief Technology Officer of LVMH Americas, he worked at Louis Vuitton for ten years, ascending to multiple roles, including International Project Leader, Senior Manager of Digital and Retail, Director of Digital and Retail, and Chief Technology Officer. “As we build the team at duPont REGISTRY Group, I know my expertise in luxury and technology, combined with my passion for high-end cars, will help design a new and amazing customer experience,” continues Tessier. “Similar to LVMH brands, we will create lifelong and unique relationships for the dreamers and the owners of exotics and supercars. We are building something unseen in the automotive and luxury space with our dealership partners and OEMs who will be paramount to our success.” ### About duPont REGISTRY Group At the heart of Driven Lifestyle division lies the duPont REGISTRY Group is the world’s leading luxury ecosystem that encapsulates the culture, community and commerce of the high-end automotive lifestyle. Built by some of the biggest names in the luxury automotive space, the duPont REGISTRY Group represents a vibrant community of hundreds of thousands of members nurtured over nearly two decades. Its portfolio includes duPont REGISTRY, Sotheby’s Motorsport, Canossa Events, Cavallino and FerrariChat.

By Tyler Rampersaud –  September 18, 2023

Genesis Reaches 1 Million Cars Sold In 8 Years

The incredible milestone shows its status as a powerful player in the automotive luxury space. Genesis, a luxury brand that came into being less than a decade ago, has hit the 1-million global vehicle sales milestone, and it proves the brand's impressive strength in the incredibly competitive luxury automotive space. It's not just the numbers that are impressive, it's the incredibly short period within which they've achieved this, which is under eight years. In the fast-paced and competitive automotive industry, let alone the luxury space, this isn't just a milestone, it's a testament to the brand's tangible excellence. Genesis announced that as of August 2023, it sold 1,008,804 units globally: 690,177 in Korea and 318,627 overseas. Notably, the brand reached this significant landmark only two years and three months after crossing the half-million mark in May 2021. A brand under Hyundai Motor Company, Genesis has been making all the right moves since its global debut in November 2015, with its initial offering: the G90, garnering significant attention. A trio of highly competitive models—the G80, GV80, and GV70—have been instrumental in driving this rapid global sales growth. Take the G80, for example; it's the best-selling model in the brand's lineup, boasting sales of 390,738 units globally since its 2016 introduction. The GV80 and GV70, Genesis’ first and second luxury SUVs, have also posted impressive numbers, selling 173,882 and 160,965 units respectively. Genesis has consistently differentiated itself through unique customer experiences. This includes a high level of vehicle quality and the creation of brand experience spaces like Genesis House, Genesis Lounge, and Genesis Studios around the globe. These spaces serve as luxurious showrooms where customers can interact with the brand on a deeply personal level, providing insights into Genesis' values and class. Furthermore, accolades like the top spot in J.D. Power's 2023 U.S. Tech Experience Index and 'German Premium Car of the Year 2023' reinforce the brand's standing as a reliable luxury marque. Genesis has a clear vision for the EV market. From 2025, every new model will be fully electric. Their state-of-the-art electric vehicles will be produced at the Hyundai Motor Group Metaplant America, a smart factory set to begin operations from 2025. On top of this, Genesis aims to achieve carbon neutrality by innovating across all value chains, from raw materials to production processes. Genesis' journey to 1 million global vehicle sales isn't just a milestone; it's a vivid demonstration of what a luxury brand can accomplish with the right blend of innovation, vision, and sheer will. View All Genesis Cars For Sale

By Tyler Rampersaud –  February 01, 2023

General Motors Reports $156.7 Billion Revenue In 2022

Motor City’s international powerhouse tallies its numbers. Many of us in the United States know General Motors for being one of the “Big Three” of the domestic car industry, with its celebrated and historic brands like Chevrolet, GMC, Buick, and Cadillac, but far beyond our shores, General Motors is also entrenched in global operation, and with it, along with heavy investment in its electric mobility solutions and progress towards anonymous driving, the company’s 2022 revenue reached $156.7 billion. MUST READ: Corvette E-Ray Price, Horsepower, Specs & Review In the company’s official letter to shareholders, General Motors celebrated a year of success, leading the U.S. auto industry in year-over-year increase in market share, success in the full-size SUV and pickup truck arena, and the blossoming of its futuristic technologies, like the Ultium electric platform, and Cruise autonomous driving. The letter indicates that 2023 will be the Ultium platform’s breakout year, which means that us car enthusiasts may have new Ultium-based electric models to look forward to from GM’s various brands soon. As one of the most important players in the domestic auto industry looks forward to a great 2023, car lovers across the globe look forward to the fruits of its labor. View All Exotic Cars For Sale Source: General Motors

By Tyler Rampersaud –  January 09, 2023

Rolls-Royce Celebrates Record-Breaking Sales In 2022

20 years after starting full production at Goodwood, Rolls-Royce has lots to celebrate. Goodwood is a place imbued with some of the world’s most important automotive history, but for Rolls-Royce, it’s just about the most important place ever. That’s why 20 years ago, the luxury brand commenced full production at its original home in Goodwood and has been making its incredible luxury cars, and now SUVs as well, ever since. On the 20th anniversary of this change, Rolls-Royce is celebrating record sales in 2022, with 6,021, an increase of 8 percent compared to the year before, which is contrary to much of the automotive industry considering the circumstances that plagued last year. MUST READ: Cristiano Ronaldo’s Girlfriend Gifts Him A Rolls-Royce Dawn For Christmas Rolls-Royce isn’t just looking back on one of its best years, but it is also looking forward to a great one in 2023, as well. The order book for all Rolls-Royce models already accounts for production well into the year, and the newly-introduced Spectre, Rolls-Royce’s first all-electric model ever, has an order book that has gone beyond what even Rolls-Royce itself thought would happen. Having introduced its first Private Office in Dubai last year, Rolls-Royce plans on continuing to bring its Goodwood experience around the world in 2023. With global expansion, and the brand’s first all-electric model ahead, Rolls-Royce has had a great year and hopes to enjoy another year that’s even better. View All Rolls-Royces For Sale Source: Rolls-Royce

By Tyler Rampersaud –  December 07, 2022

Porsche Enters The DAX As One Of The Top 40 German Stocks...

As a desirable brand and a desirable investment, Porsche’s success is amazing. It has been just over two months since Porsche underwent its anticipated IPO on September 29, and in that short time, the legendary automaker has been incredibly successful in the Frankfurt Stock Exchange. As a result, Porsche AG has made a blindingly quick entry into the DAX, also known as the German Share Index, listing the 40 largest German stocks on the Frankfurt Stock Exchange, measured by market capitalization and revenue. MUST READ: Best Porsche 911 GT3s (992) You Can Buy Today Porsche’s commitment to modernity, luxury, sustainability, and the use of cutting-edge technology and proper craftsmanship have earned its products a sterling reputation among customers, who are fervent fans of the brand and its products. This made Porsche a desirable and sound investment to many and brought the brand a similar level of success in the stock market as it has among luxury and performance car buyers. Whether it's in luxury, driving dynamics, or in the stock exchange, Porsche likes to lead the pack. View All Porsches For Sale Source: Porsche

Live Auctions