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Total wholesale volumes for the first three months of the year came in at 945, below analysts’ average expectations of 1,024, according to a company-compiled consensus.
“Our first-quarter performance reflects this expected period of transition, as we ceased production and delivery of our outgoing core models ahead of the ramp-up in production of the new Vantage, upgraded DBX707 and our upcoming V12 flagship sports car,” Chairman Lawrence Stroll said in a statement.
The company kept its 2024 outlook unchanged, and reported an adjusted pretax losses of 111 million pounds ($138.45 million) for the three months ended March 31, compared with 57 million pounds a year earlier.
Analysts, on average, were expecting an adjusted pre-tax loss of 93 million pounds.
($1 = 0.8017 pounds)
