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Rolls-Royce CEO Says People Dying From COVID-19 Helped The Carmaker Increase Sales
Rolls-Royce CEO Says People Dying From COVID-19 Helped The Carmaker Increase Sales-May 2024
2024-02-19 EST 22:12:11

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Rolls-Royce sold than in any previous year in its 117-year history. Its unexpectedly had little to do with sales of its SUV, the , or with the company’s announcement that it by 2030. According to the carmaker’s CEO, Torsten Müller-Otvös, its record-breaking sales year is partly due to people dying from COVID-19.

Apparently, the best way to convince someone to buy an is to remind them that “life can be short,” as Müller-Otvös put it, and was later quoted by the . Yes, in light of a that’s killed millions of people, Rolls-Royce would just like to say, “YOLO.” Per the FT:

Quite a lot of people witnessed people in their community dying from Covid, that makes them think life can be short, and you’d better live now than postpone it to a later date. That also has helped [Rolls-Royce sales] quite massively.

The sales figures and demographics back up Müller-Otvös’ theory, too, since the average age of the company’s customers fell way down to 43. The CEO this means that “for every 60-year-old, you need a client who is 20.” Clearly, rich people see the risk of dying from COVID-19 as a compelling reason to stop putting off buying a Rolls. Why wait?

Image for article titled Rolls-Royce CEO Says People Dying From COVID-19 Helped The Carmaker Increase Sales

Rolls-Royce sold 5,586 cars in 2021, which is a relatively small number in context but actually represents a 49 percent increase of overall sales from the year prior, 2020. And because the pandemic has affected countries across the globe, it looks like sales are up in all markets. In the biggest markets, sales are up by a third, according to :

Growth was led by China and the Americas, which each accounted for about 30 per cent of sales, Europe 20 per cent and the Middle East 10 per cent. Sales in South Korea and Russia were also strong, said Müller-Ötvös.

Rolls-Royce also didn’t sweat the chip shortage because its parent company, BMW, didn’t have trouble getting enough chips for production. That’s one benefit of lower production numbers, I guess. Along with the profit margins of its cars, which I’d say are probably generous.

The best-selling models in 2021 were the Rolls-Royce Ghost, which starts at around $315,000, and the Rolls-Royce Cullinan, which starts at $330,000. Rolls-Royce orders are booked through the third quarter of 2022. Look, making the world’s most expensive cars is a business, after all; even through a global pandemic, business is good.

Image for article titled Rolls-Royce CEO Says People Dying From COVID-19 Helped The Carmaker Increase Sales

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