Bentley UK hikes prices by 5%

Posted by admin

February 27, 2009

If you’re about to buy a Bentley and live in the UK, get your order in before March 31. After that, prices across the board at Bentley will rise by 5%. Bentley cites the continued weakening of the British Pound Sterling against the Euro for the price hikes, which make a lineup of already extremely pricey vehicles that much more so. When we asked Bentley if it would also be increasing prices for models sold in the U.S., David Reuter, head of Bentley PR and Communications in the Americas told us, “No sir. We remain as affordable as always…” He’s joking, of course, but at this point a Bentley might hold its value better than a new home purchase.

[Source: Bentley]
PRESS RELEASE

Bentley Announces Increase in UK Prices

Decision driven by the falling value of Sterling

The continued weakness of Sterling against the Euro, has forced Bentley Motors to increase the price of all its models within the UK by 5% from the start of April 2009. The price increase will apply to all new orders received after 31st March.

“We are reacting to the continued very low value of Sterling against the Euro”, said Stuart McCullough, Board Member For Sales & Marketing. “As a UK business with much of our component costs based in Euros, we have to address the fact that our costs have increased significantly given Sterling’s dramatic decline.”
“A 5% price increase at a time of reduced demand and therefore reduced production may seem counter-intuitive”, said McCullough, “but Sterling has depreciated by over 18% against the Euro over the last 12 months. It has therefore proved increasingly difficult to absorb the negative effect of these increased costs on our business.”

“Sales to the Euro-zone provide us with a natural hedge against our Euro denominated costs, so we are able to avoid any price increases in other European markets.”

Other overseas market pricing is unaffected.
UK Prices Applying From April 2009 RRP inc. 15% vat

Continental GT £123,800
Continental GT Speed £141,300
Continental Flying Spur £120,700
Continental Flying Spur Speed £137,000
Continental GTC £136,200
Continental GTC Speed £153,400
Arnage R £173,100
Arnage T £183,100
Arnage Final Series £200,400
Arnage RL £201,400
Azure T £245,000
Brooklands £236,400