Aston Martin’s bumpy ride

Iconic publicity still for Goldfinger with Sean Connery leaning against the Aston Martin DB5. But more recently, Aston has had a bumpy ride.

Thanks to the James Bond movies, the cars of Aston Martin are seen as a fantasy. In reality, the company has had a bumpy ride for a while.

Aston Martin’s financial results aren’t pretty. Business Matters via Barclays spells it out.

“The company said it made a £92.3m pre-tax loss for the first nine months of 2019 – £13.5m of that was recorded in the third quarter to 30 September. It had achieved profits of £24m in the same nine month period in 2018.

“Aston Martin said revenues fell 11% to £250m in the last quarter – led by a 16% decline in wholesale volumes.”

From 1987 until 2007, Aston Martin was part of a larger automaker, Ford Motor Co. But Ford, facing a financial mess, sold the luxury-car maker to a group of investors.

Ford later sold off other European luxury brands (Jaguar, Land Rover and Volvo) while it got its financial house in order. Land Rover and Jaguar, under their current owners, India’s Tata, also supply vehicles to Bond films.

Aston Martin still is going it alone. One of its intangible assets is its image thanks to the Bond films. But that only goes so far.

In 2014, Adweek wrote about how Bond doesn’t translate directly into sales. In 2016, Aston executives told MarketingWeek the company was relying too much on Bond and needed to diversify.

Now, it’s 2019 and things haven’t changed much. Aston Martin is building 25 DB5 replicas with gadgets for $3.5 million each (or so). The company is tethered to Bond more than ever.

Multiple Aston models — past and present — will be included in No Time to Die. One will be the DB5 that was first seen in 1964’s Goldfinger. Except, it’s not a real DB5. It’s a replica with a carbon fiber body and a BMW engine.

Real life has a way of intruding on the fantasy.

One Response

  1. […] the past several years, Aston has talked about the need to diversify and be more than James Bond’s favored ride. But the company still finds itself dependent on […]

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