UK car manufacturer Aston Martin has reported narrower first-quarter losses and secured a £50m (€58m) funding package from chairman Lawrence Stroll’s Yew Tree consortium.

Pre-tax losses fell to £65.5m (€75.9m), compared with £79.6m (€92.3m) a year earlier, while revenue rose 16% to £270.4m (€313.7m). Wholesale volumes dipped 1% to 939 vehicles.

The performance was supported by a 17% rise in average selling prices to £252,000 (€292,000), driven by stronger sales of higher-value special models.

The company maintained its full-year guidance, expecting operating margins to improve towards breakeven, although it warned of ongoing macroeconomic and geopolitical uncertainty.

Aston Martin also flagged US tariffs as a key risk. Under the current system, UK exports to the US are subject to a 10% tariff on the first 25,000 vehicles each quarter, rising to 27.5% beyond that threshold. With around a third of its revenue generated in the US, the group said the structure remains a significant external pressure point, despite no material direct impact in the first quarter.