Aston Martin auto sales increased in 2021

Aston Martin said sales to dealers increased 82% in 2021, even as the British luxury automaker forecast lower-than-expected annual adjusted core revenues because of delays in shipments of its limited-edition Valkyrie sports car.

The automaker said 10 Valkyries were shipped in the fourth quarter, less than what was previously planned.

It expected annual adjusted core earnings to be around 15 million pounds ($20 million) lower than expected.

The Valkyries that had not yet been shipped were already allocated to consumers, with significant deposits, the automaker said.

“The Valkyrie program is now running at the rate for 2022 having focused on delivering with no compromises in the face of supply chain challenges and huge complexity in the production ramp-up which caused a timing impact for 2021,” CEO Tobias Moers said.

Overall, the automaker sold 6,182 cars last year.

The automaker said its cash balance at the end of the last year was around 420 million pounds, higher than expected.