Bentley cuts sales growth forecasts
Luxury carmaker, Bentley has it expects to increase sales volumes in 2014 by less than previously forecast, Reuters has reported. “Maybe the forecast from last year and the beginning of this year was too aggressive, but I still predict double-digit (sales volume) growth in 2014,” said Bentley chief executive, Wolfgang Duerheimer, adding that the first half of the year’s 61% sales growth in China, Daimler’s second-biggest market, was always going to be difficult to maintain. The company had said that 2014 was on course to be the brand’s best year after first-half sales rose by almost a quarter to 5,254 saloons, coupes and convertibles, thanks to demand from China and the Middle East. Factors behind the lowering of expectations for this year include a smaller increase in demand from China and the impact from the crisis in Ukraine and Russia, Duerheimer said.