Sales of Aston Martin's new SUV have helped it significantly slash losses amid ballooning revenue.
The sports car maker reported a pre-tax loss of £90.7 million for the first six months of this year, compared to £227.4 million in the same period in 2020.
It sold more than 1,500 of its new DBX cars, which were released to the market last year, representing more than half of the units Aston Martin shifted in the period.
Total car sales for the six-month period were 2,901, up from 895 in the first half of 2020, although that encompassed the first covid national lockdown.
This helped revenue soar to £499 million, up from £146 million last year.
Aston Martin is headquartered in Gaydon, Warwickshire, and has a major manufacturing base in St Athan, South Wales.
In an update to the stock exchange today, executive chairman Lawrence Stroll said: "When I joined Aston Martin just over a year ago, I had in mind key milestones that needed to be achieved to put the right foundations in place for the company's future success.
"These have all been delivered, from appointing a world-class leadership team, to successfully rebalancing supply to demand and crucially strengthening the financial resilience of the business."
SUVs have proven increasingly popular in recent years and Aston Martin's entry into the market is turning around the performance at the struggling business.
Around a decade ago, just one in ten new cars sold in the UK were SUVs but that has increased to four in ten, according to data from the New Weather Institute.
