Aston Martin is scaling back exports to the US following President Donald Trump’s imposition of steep tariffs on imported vehicles and parts.
While among the tariffs on parts, introduced last month, were eased on Tuesday, the luxurious automotive maker has trimmed its sales targets and is taking a more cautious stance.
CEO Adrian Hallmark said on Wednesday that the corporate is “fastidiously monitoring the evolving situation” and is limiting exports while counting on inventory already held by its US dealers.
Aston Martin is scaling back exports to the US following President Donald Trump’s imposition of steep tariffs on imported vehicles and parts.
While among the tariffs on parts, introduced last month, were eased on Tuesday, the luxurious automotive maker has trimmed its sales targets and is taking a more cautious stance.
CEO Adrian Hallmark said on Wednesday that the corporate is “fastidiously monitoring the evolving situation” and is limiting exports while counting on inventory already held by its US dealers.
“We remain vigilant in monitoring events and can reply to changes within the operating environment as they materialise,” Hallmark added.
Despite the disruption, the corporate struck an optimistic tone about its overall financial forecast. “Whilst potential ramifications on the worldwide economy from the recently announced US tariffs remain uncertain, Aston Martin still expects to make significant improvements across all key financial performance metrics in 2025, in comparison with the prior 12 months.
“The group expects to deliver a significantly stronger H2 2025 performance compared with H1 2025, primarily driven by Q4 2025, benefiting from Valhalla and the contribution from recent core derivatives. This may positively position the corporate because it enters 2026,” the group said.
In the primary quarter of 2025, Aston Martin reported an adjusted pre-tax lack of £79.8m – higher than analysts’ expectations and an improvement on the £110.5m loss a 12 months earlier. Operating losses rose by 15% year-on-year to £67.3m.
Adjusted earnings before interest and tax got here in at £64.5m, down 13% year-on-year. Revenue also dropped 13% to £233.8m, although wholesale volumes inched up by 1% to £950m.
“As guided, Q1 wholesale volumes were in keeping with the prior 12 months and retail volumes materially outpaced wholesales, reflecting our disciplined approach to production and stock optimisation,” Hallmark said.
He noted a ten% rise in core average selling prices, reflecting strong demand for its recent generation of ultra-luxury high-performance vehicles.
The firm has been under pressure in recent months. In November, it issued its second profit warning in two months and announced plans to boost £210m through recent shares and debt.
In February, Aston Martin said it will cut 5% of its workforce – about 170 jobs – because it struggled with supply chain disruptions and declining sales.
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