Aston Martin Lagonda Global Holdings plc Q3 2025 Earnings Recap

Aston Martin Lagonda reported a challenging Q3 2025, with wholesale volumes down 13% year-over-year, resulting in a 26% decline in revenue. However, the launch of the Valhalla PHEV marks a strategic pivot toward high-performance offerings that could enhance future sales.

Key Takeaways

• Q3 wholesale volumes fell to 1,430 units, significantly underperforming prior guidance due to macroeconomic pressures and a decrease in special vehicle deliveries.
• Year-to-date revenue decreased by 26%, while average selling price (ASP) dropped by 22%, although core ASP was up 4% thanks to a stronger product mix.
• The company has initiated a second 3% price increase in the U.S. to offset tariff impacts and is reviewing CapEx plans, potentially reducing the five-year investment target to GBP 1.6-1.7 billion.
• Initial deliveries of the Valhalla mid-engine PHEV are underway in Europe, with over 50% already sold for the vehicle’s lifetime, suggesting strong future demand and customer engagement.