Aston Martin losses widen as US tariffs hit demand

(Sharecast News) - Luxury car maker Aston Martin Lagonda posted a third-quarter loss of £112m on the back of lower-than-expected wholesale volumes as a result of US tariffs. The loss before tax for the three months to September 30 compared with a loss of £12.2m a year ago. Total wholesale volumes fell 13% to 1,430 vehicles as reported three weeks ago when the company issued a profits warning.

"The global macroeconomic environment facing the wider automotive industry remains challenging," Aston Martin said on Wednesday.

It cited US tariffs and the implementation of the quota mechanism, changes to China's ultra-luxury car taxes and the increased potential for supply chain pressures, particularly following the recent cyber attack at Jaguar Land Rover last month which cost its rival millions in lost revenues.

The fourth quarter was expected to deliver "improved sequential financial performance" supported by higher core volumes and sales of the Valhalla supercar.

Total full-year wholesale volumes are expected to decline by mid-to-high single digit percentages compared to 2024's 6,030.

Guidance for full-year adjusted operating losses were unchanged at the lower end of consensus estimates of £110m.

Reporting by Frank Prenesti for Sharecast.com