Read the Beforeitsnews.com story here. Advertise at Before It's News here.
Profile image
Story Views
Now:
Last hour:
Last 24 hours:
Total:

Luxury Car Sales Surge Amid Global Supply Chain Disruptions and Record Inflation

% of readers think this story is Fact. Add your two cents.


CDN – https://www.conservativedailynews.com

by Harry Wilmerding -

https://dailycaller.com/

Luxury car sales surged in 2021 while mainstream car companies struggled amid global supply chain disruptions and soaring inflation, The Wall Street Journal reported.

Luxury car brands, including Rolls-Royce, Bentley, Porsche and BMW, all reported record sales in 2021, the WSJ reported. Reduced international travel reportedly encouraged high-end car users to boost their vehicle purchases.

Meanwhile, the auto industry was crushed by supply chain bottlenecks and worsening chip shortages causing companies to curb production, the WSJ reported.

“We are hardly affected by the chip shortage,” Alain Favey, sales chief at Bently Motors Ltd., which is owned by Volkswagen, told the WSJ.

“The process in the VW group is very centralized. One of the elements to decide on allocation is the margin of profitability,” Favey said. “From that perspective we are prioritized, so we managed to get all of the chips we needed.”

Bentley sold a record 14,659 cars in 2021, a 31% increase from 2020, the WSJ reported. Porsche, also owned by Volkswagen, sold 301,915 vehicles globally, an 11% increase from the prior year.

BMW, the top-selling luxury car brand, sold 336,644 cars globally in 2021, a 21% increase from 2020, the WSJ reported. Lexus, owned by Toyota, came in second, selling 304,476 vehicles in 2021, an 11% increase from 2020.

Electric car giant Tesla recorded an 87% increase in global deliveries, selling approximately 299,000 cars in the U.S. in 2021, according to the WSJ. Meanwhile, Rolls-Royce, whose cars sell reportedly sell for over $300,000, sold a record 5,586 vehicles in 2021, marking a 49% year-over-year increase.

Content created by The Daily Caller News Foundation is available without charge to any eligible news publisher that can provide a large audience. For licensing opportunities of our original content, please contact [email protected]

Luxury Car Sales Surge Amid Global Supply Chain Disruptions and Record Inflation is posted on Conservative Daily News – Where Americans go for news, current events and commentary they can trust – Conservative News Website for U.S. News, Political Cartoons and more.

CDN – https://www.conservativedailynews.com



Source: https://www.conservativedailynews.com/2022/01/luxury-car-sales-surge-amid-global-supply-chain-disruptions-and-record-inflation/


Before It’s News® is a community of individuals who report on what’s going on around them, from all around the world.

Anyone can join.
Anyone can contribute.
Anyone can become informed about their world.

"United We Stand" Click Here To Create Your Personal Citizen Journalist Account Today, Be Sure To Invite Your Friends.

Please Help Support BeforeitsNews by trying our Natural Health Products below!


Order by Phone at 888-809-8385 or online at https://mitocopper.com M - F 9am to 5pm EST

Order by Phone at 866-388-7003 or online at https://www.herbanomic.com M - F 9am to 5pm EST

Order by Phone at 866-388-7003 or online at https://www.herbanomics.com M - F 9am to 5pm EST


Humic & Fulvic Trace Minerals Complex - Nature's most important supplement! Vivid Dreams again!

HNEX HydroNano EXtracellular Water - Improve immune system health and reduce inflammation

Ultimate Clinical Potency Curcumin - Natural pain relief, reduce inflammation and so much more.

MitoCopper - Bioavailable Copper destroys pathogens and gives you more energy. (See Blood Video)
Oxy Powder - Natural Colon Cleanser!  Cleans out toxic buildup with oxygen! 
Nascent Iodine - Promotes detoxification, mental focus and thyroid health.
Smart Meter Cover -  Reduces Smart Meter radiation by 96%!  (See Video)

Report abuse

    Comments

    Your Comments
    Question   Razz  Sad   Evil  Exclaim  Smile  Redface  Biggrin  Surprised  Eek   Confused   Cool  LOL   Mad   Twisted  Rolleyes   Wink  Idea  Arrow  Neutral  Cry   Mr. Green

    MOST RECENT
    Load more ...

    SignUp

    Login

    Newsletter

    Email this story
    Email this story

    If you really want to ban this commenter, please write down the reason:

    If you really want to disable all recommended stories, click on OK button. After that, you will be redirect to your options page.