The Aston Martin DB12 Goldfinger Edition during the 007 takeover of Burlington Arcade on Oct. 29, 2024, in London, England.
Dave Benett | Getty Images Entertainment | Getty Images
Shares of Aston Martin fell as much as 10% on Monday morning after the British luxury carmaker issued a fresh profit warning, citing a challenging industry outlook and uncertainties over tariffs.
The company, which is famed for both its role in the James Bond movies and its history of financial ups and downs, said it expects its 2025 total wholesale volumes to fall by a “mid-high single digit percentage” compared to last year’s 6,030 units.
Aston Martin also said it no longer expects positive free cash flow generation in the second half of the year and initiated an immediate review of future cost and capital expenditure.
Analysts had expected the company to log an earnings before interest and taxes (EBIT) loss of £110 million ($147.8 million), according to estimates compiled by the company.
Aston Martin
“The global macroeconomic environment facing the industry remains challenging,” the automaker said in a release Monday. “This includes uncertainties over the economic impact from U.S. tariffs and the implementation of the quota mechanism, changes to China’s ultra-luxury car taxes and the increased potential for supply chain pressures.”
Shares of Aston Martin were trading around 7% lower at 11:44 a.m. London time (6:44 a.m. ET). The stock is down around 29% year-to-date.
‘More proactive support’
U.S. President Donald Trump has shaken up the global economy this year by imposing tariffs on goods reaching the U.S. from countries across the globe.
The automotive sector, for its part, is regarded as acutely vulnerable to tariffs, given the high globalization of supply chains and the heavy reliance on manufacturing operations across North America.
Under a U.S.-U.K. trade deal agreed in May, the two countries reached a deal to limit tariffs on 100,000 British-made cars a year to 10%.
Aston Martin said Monday that the quota mechanism “adds a further degree of complexity and limits the Group’s ability to accurately forecast for this financial year end and, potentially, quarterly from 2026 onwards.”
The company said it continues to engage with both the White House and U.K. government on tariffs “to secure greater clarity and certainty,” noting that “positive dialogue” on this matter had been achieved directly with the Trump administration.
It called for “more proactive support” from U.K. lawmakers, however, urging them “to protect the interests of small volume manufacturers, like Aston Martin, who provide thousands of jobs, making an important contribution to local economies and to the wider UK automotive supply chain.”
In response, a U.K. government spokesperson said the country’s automotive sector had been “a real priority in our landmark trade deal” with the U.S.
“We remain the only country to have a tariff rate as low as 10% for cars, protecting thousands of jobs in the sector,” they added.
“We are working with industry so that they can take advantage of the quota effectively and fairly while ensuring the UK remains a top destination for investment in automotive manufacturing through our Plan for Change.”