Rolls-Royce luxury car sales hit record high in 2023

Shares in Rolls-Royce Holdings (LSE: RR) rose 2.6% on Monday after its Motor Cars subsidiary announced record sales for 2023. The carmaker delivered 6,032 vehicles last year, up from 6,021 in 2022.

The company saw strong demand globally, with growth in Europe, Asia-Pacific, the Middle East and particularly North America and China. Sales were also boosted by interest in the new all-electric Spectre model, the first battery-powered Rolls-Royce.

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Incoming Rolls-Royce Motor Cars CEO Chris Brownridge described 2023 as “another extraordinary year”, praising the brand’s bespoke offering and “robust good health”. 180 new jobs took the Goodwood workforce above 2,500.

Mr Brownridge replaced outgoing CEO Torsten Müller-Ötvös and vowed to “maintain this momentum and take this great company forward with confidence”.