Aston Martin Is Basically Setting Money On Fire

Aston Martin’s latest financials reveal a bloodbath.

The luxury carmaker has reported a massive pre-tax loss of $295 million through September, but what's more staggering— the company's daily cash burn rates exceeded $1.8 million.

Apparently, there are several issues at play including supply chain disruptions and cratering demand in China. As a result, the company has cut its production target by about 1,000 vehicles, prompting an end-of-year adjustment to its profit forecast. Year-to-date deliveries paint a mixed picture: Aston Martin's overall sales fell by 17 percent, down to 3,639 vehicles from last year’s 4,398.

The DBX luxury SUV, previously the company's best-seller, has taken a significant hit after everyone who wanted one bought one—with sales dropping by 52 percent. DBX now accounts for just 30 percent of Aston’s total sales compared to more than half last year.

However, the outlook isn’t entirely bleak, as sales for Aston’s sports cars, particularly the Vantage and the newly launched DB12, rose 16 percent. The company is also seeing success in its ultra-exclusive “Specials” segment, with deliveries of models like the Valkyrie and Valour up 132 percent.

While Aston Martin had initially aimed for cashflow break-even by the end of 2024, mounting losses and a surge in debt have put that goal out of reach. No joke, as Aston Martin owes more in debt than the company's current market valuation. At least the new 2025 Vanquish is super pretty.

Aston Martin is controlled by executive chairman Lawrence Stroll and a cadre of associates alongside the Saudi Arabian sovereign wealth fund PIF and the Chinese carmaker Geely.

Become an AutoGuide insider. Get the latest from the automotive world first by subscribing to our newsletter  here.