Rolls-Royce rolling high helped by Trump’s tax cuts

Rolls-Royce Motor Cars owned by BMW, recorded its highest ever sales last year as wealthy US buyers, buoyed by Donald Trump’s tax cuts splashed out on luxury cars with an annual sale of 4, 107 a rise of 22 per cent after the relaunch of its flagship Phantom and launch of its first sports utility vehicle, the £250,000 Cullinan and its highest selling model the Ghost.

Buyers in the US helped the North American business reach record levels accounting for a third of sales. “The tax reform helped a lot to fuel out business, BMW group is a proud owner of Rolls-Royce Motor Cars and there is not a single plan I am aware of to spin off Rolls-Royce” Torsten Muller-Otvos, CEO said.

The UK also saw 10 per cent of sales despite a decline in the overall car market. Sales in China rose 40 per cent, in spite of a slowdown across the wider luxury sector.

Rolls-Royce prides in hand-building all its cars in England and imports 92 per cent of its parts, leaving the company facing significant potential costs after Brexit.