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Rolls-Royce Motor CEO attributes record sales to Asia, Korea

Auto News - Published on Tue, 15 Jan 2019

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Korea Herald reported that strong business growth in Asia was behind the record-breaking sales of British luxury carmaker Rolls-Royce last year, particularly in China and South Korea. Mr Torsten Muller-Otvos, chief executive officer of Rolls-Royce Motor Cars, said that “Our growth was fueled by a strong Asian business and a Korean business. We have seen an uptake in your market by around 40 percent compared to the year 2017 and for that reason I am very satisfied with the results.”

The 115-year-old carmaker sold a total of 123 units of Rolls-Royce in South Korea last year, a 40 percent increase from 86 units in the previous year, according to the Korea Automobile Importers and Distributors Association. Rolls-Royce’s China operation, which accounts for 20 percent of the carmaker’s global sales, also achieved 40 percent growth.

Despite slowing economies, the subsidiary of the BMW Group sold a total of 4,107 cars across 50 countries, marking the highest annual sales in its 115-year history.

The growth rates last year both in South Korea and China were far above Rolls-Royce’s global sales growth of 22 percent and 2 percent in Japan, which is the largest market in Asia excluding China, according to its figures.

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Posted By : Joykumar Irom on Tue, 15 Jan 2019
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