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VW makes $23K on every Porsche sold, more than Bentley or Lamborghini

It's a good time to be in the luxury car business. In Volkswagen Group's financial report for the 2013 fiscal year, it is revealed that that Porsche enjoyed an operating margin of 18 percent. That means the Stuttgart brand made on average about $23,200 per car sold, according to BusinessWeek. Bentley wasn't far behind, and Audi (which was combined with Lamborghini) posted a 10.1 percent margin. This compares to only around 2.9 percent for the Volkswagen brand.
"Luxury brands are on fire," said Dave Sullivan, an industry analyst at AutoPacific. He said that the average profit margin is between six and eight percent. Brands like Porsche and Bentley have the benefit of competing in rarefied markets. Buyers looking at one their vehicles have fewer models to shop against and don't care as much about price. They can also charge more for options, which further boosts income, according to BusinessWeek.
In a way, we should be more impressed by the continued success from Audi. Its models generally have direct competitors in every segment from the other premium automakers. Plus, their buyers aren't the captains of industry who are shopping for a Bentley. Still, the Four Rings is leading rivals in sales so far this year.

1931 Bentley 8 Litre is the 2019 Pebble Beach Concours Best of Show

A 1931 Bentley 8 Litre Gurney Nutting Sports Tourer took home the title of Best of Show at the 69th running of the Pebble Beach Concours d'Elegance. It's probably the only time the owners will be okay with a bunch of tiny pieces of paper raining down on the immaculate open interior.  The 2019 Pebble Beach Concours took place on Sunday, August 18, 2019, and it capped a typical Monterey Car Week filled with hundreds of millions of dollars worth of automotive excellence. Some cars sold for eight digits, while others unexpectedly failed to meet reserve (even at eight digits).  The '31 Bentley had stiff competition for the top honor. The finalists for Best of Show included a 1938 Talbot-Lago T150C-SS Figoni & Falaschi Teardrop Cabriolet owned by Richard & Melanie Lundquist, a 1936 Mercedes-Benz 540K Erdmann & Rossi Special Cabriolet owned by The Keller Collection at the Pyramids, and a 1962 Aston Martin DB4GT Zagato Coupe owned by David F. MacNeil.  The Bentley, which has custom coachwork from J. Gurney Nutting & Company Limited, is owned by The Honorable Sir Michael Kadoorie of Hong Kong. This is the first time a Bentley has won the Pebble Beach Best of Show since 1965, a fact that makes for a wild coincidence considering Bentley is celebrating its centenary this year, as well.  "The Centennial of Bentley may have played a role in this award, but the 8 Litre is the ultimate W. O. Bentley–era automobile," Kadoorie said, according to a press release. "This is the car that represents Bentley at its finest, and I have been very fortunate to have a car that has this elegance and finish, and that the Pebble Beach Concours feels is worthy." In other awards news, a 1938 Talbot-Lago T150C-SS Figoni & Falaschi Teardrop Cabriolet won Most Elegant Convertible, a 1950 Alfa Romeo 6C 2500 Ghia Supergioiello Coupe won Most Elegant Closed Car, a 1929 Rolls-Royce Phantom I Brewster York Roadster won Most Elegant Open Car, and a 1956 Ferrari 250 GT Zagato Berlinetta Speciale won Most Elegant Sports Car. The Pebble Beach Concours live streamed a good portion of the sunny festivities, and we've included it below. Scroll to about the 3:27 mark to see the best-of-show presentation that capped off the day.

Bentley designer says electric Bentley coming ‘not so far in the future’

Bentley lead designer Stefan Sielaff told Auto Express, "A full electric Bentley is something I am extremely convinced we have to do." He essentially confirms a Bentley EV by saying, "It will happen not so far in the future." We can look at the designer's comments as a near-final declaration on an undertaking the English carmaker's been considering for the past few years. Don't look for a production run of the EXP 12 6e concept shown at last year's Geneva Motor Show, though. Based on Sielaff's comments and a process of elimination, AE expects an electric four-door coupe. Instead of the PPE electric architecture Porsche and Audi are developing, Bentley would use the J1 architecture beneath the Mission E. The most powerful Mission E trim should put out close to 700 horsepower, a proper figure to begin discussions concerning an offering from The Flying B. A report from two years ago said a larger, 115-kW battery supplying two 375-horsepower motors in back and a 186-motor in front would give 936 hp and a potential 500-mile range. Beyond that, insiders supposedly spoke of a 150-kW battery to come in 2022, which would bring with it astronomical numbers. When asked what kind of vehicle Sielaff had in mind, the designer said he envisioned "a completely fresh and new development" that is "not imitating another concept." The alternative propulsion, Sielaff said, would give him and his team "a great chance to establish a completely new design language for the company." His ideal chariot would have four or five seats, "the possibility to carry a little bit of luggage," "a certain coupe style or sportivity," and definitely not an SUV. Those are about all the words one would use to describe a four-door coupe without saying the words "four-door coupe." Before the recent executive shuffle, previous brand CEO Wolfgang Durheimer told AE he expected a company EV to get around 600 hp and travel up to 310 miles on a charge. Wireless charging would be a major consideration as well, since grubby charging plugs don't mix well with white gloves. New brand boss Adrian Hallmark was told to invest in the brand instead of focusing exclusively on the numbers, and the EV initiative is about recasting Bentley as a luxury and technology brand, and appealing to younger customers. The next-generation Continental GT will get a PHEV drivetrain, and the Crewe manufacturer plans to have its entire range electrified by 2025.