Bentley Sales and Profits Drop as Wealthy Customers Shy Away During Cost Crisis; CEO Unexpectedly Departs

Bentley CEO says sales dropped due to wealthy customers not wanting to flaunt wealth during cost of living crisis
Bentley sales, revenue, and profits all fell by double-digits in 2022 from record highs the previous year
Demand slowed in UK, Europe, and China, but Bentley still had its 3rd best sales year ever
Bentley CEO Adrian Hallmark unexpectedly resigned to become the 4th Aston Martin CEO in 4 years
Hallmark oversaw Bentley's financial turnaround from €288M loss in 2018 to record €708M profit two years ago