Organic Geographic Expansion Demonstrates Global Interest in Bespoke Classic Restomods
KISSIMMEE, Fla., Feb. 15, 2024 /PRNewswire/ — ECD Automotive Design Inc. (“ECD” or the “Company”) (NASDAQ:ECDA), an industry leader in delivering restored, modified and electrified Land Rover Defenders, Jaguars, and other classic and collectible automobiles, today announced that it has delivered its first personalized Land Rovers to customers in Poland, Spain and the Caribbean. The first sales to customers in these expansion markets demonstrates the strong and growing interest globally for ECD’s ‘one-of-one’, fully-customized classic Land Rover and Jaguar vehicles from passionate auto enthusiasts around the world.
“These orders come from organic interest,” commented Scott Wallace, ECD’s Chief Executive Officer. “Our growing client base, expanding brand presence, and robust demand for restomod versions of these classic vehicles is driving consumer interest from affluent customers around the world. ECD continues to earn media coverage and expand its social media presence, such as the more than 350,000 monthly impressions on Pinterest and strong interest on other social media platforms, increasingly making our customized vehicles a global brand for affluent clientele. This organic demand enables us to fully utilize our manufacturing capacity without incurring expensive customer acquisition or marketing expenses. As demand grows, we plan to expand manufacturing capacity to leverage our industry-leading manufacturing capabilities to meet the global demand.”
- The first sale in Poland was for a Defender 110 featuring a 6.2-liter, 430-hp, Chevrolet LS3 V-8 engine and a six-speed automatic transmission.
- The first sale in Spain was for a Defender 90 with a Chevrolet LS3+ V-8 engine perched on 18-inch Kahn 1983 Satin Black wheels and BFG All-Terrain tires.
- The first sale in the Caribbean was for a Defender 110 featuring an upgraded Chevrolet LS3+ 565 horsepower V-8 engine.
Based on growing demand in Europe and the Middle East, ECD plans to expand its modest marketing campaigns to target trade press in the United Arab Emirates, one of the more affluent countries in the world.
“Growing demand from the United States and other affluent countries enables us to maximize our manufacturing capacity, driving expanded operating margins,” concluded Wallace.
