Welcome to our dedicated page for ECD Automotive Design news (Ticker: ECDA), a resource for investors and traders seeking the latest updates and insights on ECD Automotive Design stock.
ECD Automotive Design (ECDA) delivers masterful restorations of classic vehicles, merging vintage British elegance with modern engineering. This news hub provides investors and enthusiasts with timely updates on the company’s financial milestones, product innovations, and strategic partnerships.
Access official press releases, earnings reports, and announcements covering key developments like custom vehicle launches, collaborations with industry leaders, and operational expansions. Track ECDA’s progress in the luxury automotive sector through verified updates on design advancements and market positioning.
Explore curated news on bespoke restomod projects, including Land Rover and Jaguar restorations, alongside insights into production capabilities at ECD’s Florida facility. Stay informed about the company’s unique approach to balancing handcrafted customization with scalable manufacturing processes.
Bookmark this page for direct access to ECD Automotive Design’s latest news, ensuring you never miss critical updates shaping this innovator in luxury automotive restoration.
ECD Automotive Design (NASDAQ: ECDA) has unveiled Project Big Sky, a custom-built Defender 110 showcasing American craftsmanship and luxury design. The vehicle, assembled at ECD's 100,000-square-foot Florida facility, features a distinctive Fiat Light Blue exterior with Zermatt Silver accents.
The interior boasts Corbeau Trailcat seats in custom tan leather with diamond stitching, a 2+2+4 seating layout, and premium features including heated/cooled functionality. The vehicle is powered by a GM LT1 V8 engine delivering 455 horsepower, coupled with an 8-speed automatic transmission and ECD's proprietary Air Ride suspension.
Notable features include 18-inch Sawtooth wheels, BFGoodrich All-Terrain tires, a WARN 10,000 lb winch, LED spotlights, and a Focal Premium sound system. The interior is enhanced with Wenge wood paneling, a custom double center console, and dual wireless chargers.
ECD Automotive Design (NASDAQ: ECDA), the largest Land Rover and Jaguar restoration company, reported its Q4 and full-year 2024 financial results. Full-year revenue grew 29% to $25.2 million, with gross profit increasing 30% to $5.9 million.
However, the company reported a net loss of $10.8 million in 2024, compared to a $1.2 million loss in 2023. Q4 2024 revenue increased 10% to $5.3 million, but gross profit declined to $0.3 million from $1.2 million year-over-year, impacted by a non-cash $1.1 million write-down.
The company expanded its Kissimmee facility and launched retail locations in West Palm Beach and Nantucket. Notably, 12 completed vehicles' revenue will be recognized in H1 2025 due to pending title transfers. Cash position decreased to $1.5 million from $8.1 million in 2023.
ECD Automotive Design (NASDAQ: ECDA) has announced the opening of a seasonal pop-up location at 10 Easy Street in Nantucket through December 2025, coinciding with the Daffodil Festival Weekend. The location features two showcase vehicles: Project Essex, a Bahama Gold Defender 110 soft top from their County Collection, equipped with a 6.2L GM LT1 V8 engine, and Project Race, a white Land Rover Series III 109 powered by a 6.2L GM LS3 V8.
The pop-up serves as a creative hub where visitors can explore ECD's luxury design process and arrange test drives. The company plans to collaborate with local Nantucket brands and will unveil a special Nantucket Edition vehicle later this summer. Each ECD vehicle is hand-built at their 100,000-square-foot facility in Kissimmee, Florida, requiring over 2,200 hours of craftsmanship.
ECD Automotive Design (NASDAQ: ECDA) reported its Q3 2024 financial results, showing significant revenue growth but wider losses. The company's Q3 revenue increased 30% to $6.4 million, with gross profit rising 108% to $2.0 million. However, net loss expanded to ($2.6) million compared to ($0.2) million in Q3 2023.
For the nine months ended September 30, 2024, revenue grew 35% to $19.9 million, with gross profit up 69% to $5.6 million. The company's growth was driven by increased volume, higher average selling prices, and increased used vehicle sales. The company recently completed financial restatements for 2022, 2023, and first half of 2024, incurring approximately $0.5 million in non-recurring expenses.
ECD maintains a strong cash position of $3.6 million as of September 30, 2024, though down from $8.1 million at the end of 2023. Management expects lower G&A expenses starting Q2 2025 and estimates cash flow break-even at approximately 120 vehicle builds per year.
ECD Auto Design (ECDA), a specialist in custom luxury vehicle restorations, has announced its acceptance of cryptocurrency payments through BitPay. The company, known for customizing Land Rover Defenders, Range Rover Classics, Jaguar E-Types, Mustangs, and Toyota FJs, will now process payments in various cryptocurrencies including Bitcoin, Ethereum, Dogecoin, and several USD-pegged stablecoins.
Through BitPay's integration, ECDA will receive next-business-day settlement in USD, eliminating cryptocurrency volatility risks. The platform manages the entire payment process, offering reduced transaction fees, enhanced security, and global accessibility. This strategic move aims to expand ECDA's global reach and provide clients with more flexible payment options.
ECD Auto Design (NASDAQ: ECDA) has unveiled its exclusive County Collection, a -edition series of bespoke Land Rover Defenders inspired by UK counties and regions. This Founder-Designed Inventory offers immediate purchase options, departing from ECD's traditional custom build approach.
The debut collection features four distinct models:
- Bedfordshire in deep black
- Cumbria in verdant green
- Dorset in crisp white
- Essex in warm gold
Each vehicle comes with a comprehensive package including a personalized client experience, an ECD Journey Book documenting the design inspiration, and industry-leading warranty and service support. Additional models are planned for release throughout 2025, with Chief Revenue Officer Kevin Kastner emphasizing the collection's blend of British heritage with modern craftsmanship and performance.
ECD Auto Design has unveiled Project Blanca, a custom one-of-one Land Rover Defender 110 that combines luxury with off-road capability. The vehicle features a Chawton White exterior with Zermatt Silver accents and French oak wood details.
The interior showcases Relicate tan leather seats with dark brown accents, chevron-patterned French oak flooring, and modern amenities including heated/cooled seats and a Sony Halo touchscreen with Infinity Kappa speakers.
Under the hood, Project Blanca is powered by a GM LT1 V8 engine delivering 455 horsepower, coupled with a 10-speed automatic transmission. The vehicle is equipped with Alcon high-performance brakes, ECD's signature Air Ride suspension, and dual stainless-steel sport exhaust.
Additional features include all-terrain tires with white-wall styling, a Raptor-coated chassis, and custom smoked turn signals, emphasizing both luxury and adventure capabilities.
ECD Auto Design announces expansion of its Exclusive Inventory program to meet rising demand for high-spec vehicles with immediate availability. The initiative will introduce approximately 20 unique custom vehicles annually, designed by ECD's founders.
The program launches with two Custom Defender 110 builds, both featuring GM LT1 V8 engines (455 HP) with 10-speed automatic transmission, Alcon brakes, ECD Air Ride suspension, and Borla exhaust systems. Project 001 showcases a Keswick Green exterior with Granite leather interior, while Project 002 features a black exterior with matching black interior.
Both vehicles include premium features like Corbeau Trailcat seats, touchscreen infotainment with Apple CarPlay, custom ECD center console, digital rearview mirror, and backup sensors. The expansion aligns with ECD's upcoming retail presence, offering customers immediate access to elite restomods backed by industry-leading warranty.
ECD Auto Design has achieved a significant milestone with the completion of its 600th SUV, marking 12 years of excellence in bespoke luxury vehicle customization. The commemorative vehicle is a Land Rover Defender 110, finished in Keswick Green, featuring 20-inch retro-style wheels, black roll cage, and LED lights.
The milestone vehicle showcases premium craftsmanship with Granite leather seating, custom French oak cargo area, and modern technology including a touchscreen stereo and rear air conditioning. It's powered by a GM LT1 V8 engine with a 10-speed automatic transmission.
Since 2013, ECD Auto Design has specialized in creating one-of-one masterpieces, with each vehicle uniquely tailored to its owner's preferences. The company's Director of Design, John Price, emphasizes their commitment to transforming client visions into extraordinary vehicles. Emily Humble, Chief Production Officer and Co-Founder, highlights this achievement as evidence of ECD's ability to deliver customized builds at scale while maintaining year-on-year production growth.
ECD Auto Design announces strategic initiatives for 2025 focused on enhancing client experiences in luxury vehicle restorations. The company is expanding with new retail locations including a 4,800-square-foot showroom at One Drivers Club in West Palm Beach and a boutique at Ten Easy Street in Nantucket.
Key developments include the launch of the Boutique Studio, planning 18 bespoke builds in 2025 for classic Ferraris and Porsches, introduction of reimagined Ford Mustangs with Roush V8 engines, and retail-ready Land Rovers expected in Q2 2025. The company is also continuing its mobile design studio initiative, bringing test vehicles directly to clients, with upcoming events starting in Scottsdale, AZ January 24-26.
