Core Insights - ECD Automotive Design, Inc. reported a year-to-date revenue growth of 35%, reaching a record $19.9 million, with gross profit increasing by 69% to $5.6 million for the nine months ended September 30, 2024 [5][13][14]. Financial Performance - For the third quarter of 2024, revenue increased by 30% to $6.4 million compared to $5.0 million in the same quarter of 2023, driven by increased volume, higher average selling prices, and increased used vehicle sales [7][9]. - Gross profit for the third quarter of 2024 was $2.0 million, representing 31.1% of revenue, compared to $1.0 million or 19.4% of revenue in the same quarter of 2023 [9]. - The net loss for the third quarter of 2024 was ($2.6) million, compared to a net loss of ($0.2) million in the same quarter of 2023 [11]. - For the nine months ended September 30, 2024, the net loss was ($7.5) million, compared to a net loss of ($0.5) million for the same period in 2023 [16]. Operational Insights - Operating expenses for the nine months ended September 30, 2024, were $7.8 million, up from $3.9 million in the same period of 2023, primarily due to higher general and administrative expenses related to being a public company and costs associated with financial restatements [15]. - The company expects to achieve cash flow break-even at approximately 120 vehicle builds per year [6]. Strategic Initiatives - The CEO emphasized the company's commitment to scaling operations and exploring growth opportunities within the classic car ecosystem, highlighting the launch of a 'store within a store' concept and partnerships aimed at increasing sales [5][8].

Core Insights - ECD Auto Design has launched the County Collection, a limited-edition series of bespoke Land Rover Defenders inspired by the cultural heritage and landscapes of the United Kingdom [1][2] - The County Collection combines classic design with modern luxury and performance, offering vehicles available for immediate purchase, unlike fully custom builds [2][3] Product Details - Each vehicle in the County Collection is named after a UK county or region, featuring unique color palettes that reflect the history and natural beauty of these areas [1][3] - Initial models include Bedfordshire (Black), Cumbria (Green), Dorset (White), and Essex (Gold), each representing distinct characteristics of their respective regions [3][10] Ownership Experience - Purchasing a County Collection Defender includes a comprehensive ownership experience, emphasizing storytelling, craftsmanship, and exclusivity [5][11] - Owners receive personalized introductions, a curated ECD Journey Book detailing the vehicle's design inspiration, and industry-leading warranty and service [11] Company Background - ECD Auto Design specializes in restoring luxury vehicles, particularly Land Rover Defenders, and operates from a 100,000-square-foot facility in Kissimmee, Florida, employing 105 skilled craftsmen [8][9] - The company was founded in 2013 by three British automotive enthusiasts and maintains a logistics center in the UK for sourcing classic vehicles [9]

Core Insights - ECD Auto Design has unveiled Project Blanca, a unique Defender 110 that combines elegance, innovation, and off-road capability [1][5][6] Design and Aesthetics - The exterior features a Chawton White finish with Zermatt Silver accents, a laser-cut vertical grille, and French oak wood inserts, enhancing its sophisticated look [1][4] - The interior is designed for luxury, featuring Relicate tan leather seats, chevron-patterned French oak wood flooring, and advanced technology like a Sony Halo touchscreen [2][12] Performance and Engineering - Project Blanca is powered by a GM LT1 V8 engine producing 455 horsepower, paired with a 10-speed automatic transmission for optimal performance [3][11] - The vehicle includes high-performance Alcon brakes, ECD's signature Air Ride suspension, and a dual stainless-steel sport exhaust, ensuring both power and control [3][11] Adventure-Ready Features - The vehicle is equipped with all-terrain tires, a custom spare tire carrier, and a Raptor-coated chassis for durability in challenging conditions [4][11] - Custom smoked turn signals and white-wall styling on tires reinforce its rugged versatility [4] Company Overview - ECD Auto Design specializes in creating bespoke luxury vehicles, restoring classic models with modern performance features [13] - Founded in 2013, the company operates from a 100,000-square-foot facility in Kissimmee, Florida, employing 105 skilled craftsmen [13]

Core Concept - ECD Auto Design introduces Project Blanca, a unique Defender 110 that combines luxury, performance, and off-road capability, showcasing the company's commitment to bespoke automotive craftsmanship [1][5][6]. Design and Aesthetics - Project Blanca features a Chawton White exterior with Zermatt Silver accents, a laser-cut vertical grille, and French oak wood inserts, emphasizing its sophisticated design [1][3]. - The interior is designed for comfort and luxury, with relicate tan leather seats, chevron-patterned French oak wood flooring, and advanced technology such as a Sony Halo touchscreen and premium Infinity Kappa speakers [2][11]. Performance and Engineering - The vehicle is powered by a GM LT1 V8 engine producing 455 horsepower, paired with a 10-speed automatic transmission, ensuring smooth performance [3][10]. - Equipped with high-performance Alcon brakes, ECD's signature Air Ride suspension, and a dual stainless-steel sport exhaust, Project Blanca is engineered for both power and control [3][10]. Adventure-Ready Features - Project Blanca is built for exploration with all-terrain tires, a custom spare tire carrier, and a Raptor-coated chassis for durability [4][10]. - The vehicle's design includes features that enhance its rugged versatility while maintaining an elegant aesthetic [4][5]. Company Overview - ECD Auto Design specializes in creating bespoke luxury vehicles, restoring classic models and offering a unique design experience for clients [15]. - Founded in 2013, the company operates from a 100,000-square-foot facility in Kissimmee, Florida, employing skilled craftsmen dedicated to high-quality automotive restoration [15].

Core Insights - ECD Auto Design is expanding its Exclusive Inventory program to meet rising demand for high-spec luxury vehicles with immediate availability [1][3] - The company plans to offer an annual collection of approximately 20 unique custom vehicles, showcasing high performance and quality [2] Company Overview - ECD Auto Design specializes in custom luxury vehicle restoration, particularly Land Rover models, combining classic aesthetics with modern performance [11] - Founded in 2013, the company operates from a 100,000-square-foot facility in Kissimmee, Florida, employing 105 skilled craftsmen [11] Product Offerings - The Exclusive Inventory includes meticulously crafted Land Rover SUVs, featuring high-performance powertrains such as the LT1 V8 engine generating 455 HP and the LT4 engine producing 650 HP [4][5] - The first models in the expanded inventory are the ECD Custom Defender 110 builds, equipped with advanced features like Alcon brakes and ECD Air Ride suspension [5][6] Design and Customization - ECD emphasizes tailored craftsmanship, with each vehicle designed to meet specific client specifications, ensuring a blend of heritage, performance, and innovation [10] - Two distinct designs are highlighted: Project 001 with a classic Keswick Green exterior and Project 002 with a modern black aesthetic, both featuring luxurious interiors and advanced technology [7][8][9] Market Position - ECD's strategic expansion aligns with its upcoming retail presence, allowing clients to explore and purchase bespoke vehicles directly [3] - The company is committed to providing the strongest warranty in the industry, enhancing customer confidence in their high-performance offerings [2]

Core Achievement - ECD Auto Design has completed its 600th SUV, marking a significant milestone in its 12-year history of luxury vehicle customization [1][5] - The 600th SUV is a Land Rover Defender, symbolizing the foundation of the company's legacy in bespoke automotive design [1][5] Craftsmanship and Customization - Each vehicle produced by ECD is a unique masterpiece, handcrafted to reflect the owner's style and vision, emphasizing the company's commitment to individuality [2][5] - The milestone SUV features a blend of rugged capability and refined elegance, showcasing ECD's dedication to high-quality craftsmanship [3][4] Company Background - ECD Auto Design, founded in 2013, specializes in restoring and customizing luxury vehicles, including classic models like the Land Rover Series and Ford Mustang [9] - The company operates from a 100,000-square-foot facility in Kissimmee, Florida, employing 105 skilled craftsmen with extensive certifications [9] Future Outlook - ECD aims to continue its legacy of creating one-of-a-kind vehicles, expanding its portfolio to include both rugged SUVs and iconic classic sports cars [6]

Core Insights - ECD Auto Design is focusing on enhancing the client experience in 2025 through new retail locations, innovative product offerings, and local demonstrations [1][6][7] New Retail Locations - ECD Auto Design is opening luxurious retail locations to provide an immersive experience for clients, including: - One Drivers Club in West Palm Beach, featuring a 4,800-square-foot clubhouse and showroom [2] - Ten Easy Street in Nantucket, showcasing exclusive custom builds [2] - The Boutique Studio, which will produce 18 bespoke vehicles in 2025 [2] Innovative Product Launches - ECD is introducing several new vehicle offerings, including: - Reimagined Ford Mustangs with Roush V8 engines and luxurious interiors [2] - Land Rovers for retail sale, expected to be available by Q2 2025 [3] Client-Centric Initiatives - ECD is committed to bringing bespoke luxury vehicles directly to clients through a mobile design studio and test vehicles, enhancing personalized service [4][5] - The initiative will continue in various locations throughout the year, starting in Scottsdale, AZ [5] Commitment to Quality and Craftsmanship - ECD Auto Design emphasizes unmatched craftsmanship and personalized experiences, with a focus on innovation and client satisfaction [7] - Each vehicle is bespoke, taking approximately 2,200 hours to hand-build by master-certified craftsmen [8]

KISSIMMEE, Fla., Dec. 17, 2024 (GLOBE NEWSWIRE) -- ECD Auto Design has officially kicked off production of the highly anticipated ECD Ford Mustang! Each bespoke car takes the iconic 1966-1970 Ford Mustang and reimagines it with modern technology, precision craftsmanship, and timeless style. It’s more than just a car, it’s a statement of what a classic American muscle car can be. The ECD Ford Mustang is designed for those who appreciate the perfect balance of heritage and innovation and is a masterfully cra ...

KISSIMMEE, Fla., Dec. 12, 2024 (GLOBE NEWSWIRE) -- ECD Automotive Design, Inc. (Nasdaq:ECDA) (“ECD” or the “Company”), the world’s largest Land Rover and Jaguar restoration company known for its custom luxury builds, including bespoke Defenders, Range Rovers, Jaguar E-Types and Ford Mustangs announced today that it has signed with Ten Easy Street of Nantucket, a concept showroom, showhouse and gathering space, to expand ECD’s retail presence and showcase its one-of-one vehicles as part of their curated crea ...

KISSIMMEE, Fla., Dec. 04, 2024 (GLOBE NEWSWIRE) -- ECD Auto Design, the industry leader in luxury one-of-one restored and modernized classic vehicles, is thrilled to announce the launch of its new "Boutique" Studio. This innovative product offering is designed for discerning clients who dream of highly unique vehicles that transcend past the company’s existing production lines. This new initiative completely redefines what’s possible in the world of bespoke automotive craftsmanship. Demand for highly speci ...