Luxury car demand boosts profitability at Porsche and Aston Martin

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Buoyant luxury car demand helped Porsche and Aston Martin to hold profit guidance firm for the year despite growing economic volatility.

Sales at both carmakers grew in the first three months of the year, while average Aston Martin selling prices rose by a fifth to £180,000, and Porsche reported a boost from customers spending on added features such as coloured brake calipers or interiors.

Separately, Jeep and Maserati owner Stellantis reported a 14 per cent rise in…

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