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ECD Automotive Design, Inc. (NASDAQ: ECDA) stands as a premier custom-car builder, specializing in the restoration and modernization of classic British motor vehicles such as the Land Rover Defender, Land Rover Series IIA, Range Rover Classic, and Jaguar E-Type. Founded in 2013 by three British automotive enthusiasts, ECD has grown into the world's largest Land Rover and Jaguar restoration company, known for its bespoke luxury builds.
Main Operations:
- Restores and modernizes classic vehicles with a focus on Land Rovers and Jaguars.
- Customization includes engine upgrades, including Chevrolet V8s, Land Rover V8s, Cummins diesel engines, and new electric drivetrains.
- Every vehicle is hand-built in 2,200 hours by master-certified craftsmen at their 100,000-square-foot facility in Kissimmee, Florida.
Recent Achievements:
- Launched a mobile design studio to bring the customization experience directly to clients across the U.S.
- Introduced the ECD Beach Runner, a versatile vehicle based on the Land Rover Defender 110 platform.
- Expanded into the classic American muscle car market by acquiring assets from Brand New Muscle Car, enabling ECD to produce bespoke Ford Mustangs among other classic models.
- Increased production capacity through manufacturing efficiencies and a third production line focused on classic Ford Mustangs.
- Generated $15.1 million in revenue in 2023, a 22.5% increase from the previous year.
Customer Experience:
- Clients design their vehicles through an immersive luxury experience, choosing every detail from the powertrain to the upholstery.
- Launched a state-of-the-art vehicle configurator, allowing customers to design their dream vehicle from any device.
Financial Condition:
- Reported a net loss of $1.6 million for 2023, compared to $1.4 million in 2022, with improved gross margins due to efficiency gains.
- Operating income improved to $(1.6) million in 2023 from $(1.9) million in 2022.
- Cash and equivalents increased to $8.1 million as of December 31, 2023.
Future Outlook:
Eager to tap into the $15 billion market ecosystem for high-end and collectible cars, ECD aims to consolidate the luxury classic car market and expand its product base. With its strong brand and innovative approach, ECD is poised to become a leading player in the resto-mod industry, offering not just restored vehicles but complete luxury experiences.
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ECD Auto Design, the world's largest Land Rover and Jaguar restoration company, expands product line to include classic Ford Mustangs after acquiring Brand New Muscle Car assets. This marks a significant milestone as ECD's first American build. Each Mustang is fully customizable with over 2 million configurations, reflecting clients' unique styles. The company promises unparalleled craftsmanship and dedication to excellence in creating one-of-a-kind masterpieces.
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ECD Auto Design (ECDA) completes the acquisition of Brand New Muscle Car assets, expanding its offerings to include custom classic Ford Mustangs. The deal, valued at $1.25 million, marks ECD's first acquisition as a public company, with production set to start in May and the first car expected in August. The move positions ECD to tap into the $15 billion classic car market.
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ECD Auto Design unveils Project Scottsdale Commission, a bespoke Jaguar E-Type EV with 300 HP powertrain, featuring luxurious customizations and cutting-edge technology. This marks ECD's foray into the sports car market, driven by client demand and a commitment to innovation.
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ECD Auto Design introduces the ECD Classic, a new product line paying tribute to the Land Rover Defender's heritage. The vehicle blends timeless design with modern engineering, offering an exhilarating driving experience. With base pricing starting at $149,995, the ECD Classic is a symbol of adventure and exploration, embodying authenticity and quality craftsmanship.
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ECD Auto Design unveils Project Catamount, a custom-built Defender 110 designed for all-terrain adventures in style. Powered by a Chevrolet LT1 V8 engine, this vehicle combines classic style with modern amenities. With features like air ride suspension, luxury interiors, and advanced safety features, Project Catamount promises a thrilling driving experience. ECD also launches a new vehicle configurator for personalized designs.
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ECD Auto Design (ECDA) acquires assets from Brand New Muscle Car, entering the classic American muscle car market. The deal involves a $1.5 million restricted stock issuance. ECD aims to expand its offerings to include classic Ford Mustangs and other American muscle cars, tapping into a $15 billion market. The acquisition aligns with ECD's strategy to cater to the high-end, bespoke car segment and target ultra-high net worth individuals.
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ECD Auto Design unveils the Beach Runner, a versatile lifestyle vehicle based on the classic Land Rover Defender 110 platform, featuring modern amenities and in-stock run of 18 vehicles per year. Priced at $249,995, it offers a nostalgic driving experience with a GM LT1 455 horsepower 6.2L V8 engine, 8-speed automatic transmission, and a range of beach-ready accessories.
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ECD Auto Design (NASDAQ: ECDA) highlights Mack Besser's transition from a racing career to leading Jaguar E-Type restoration at ECD. Mack's expertise and commitment to preserving automotive heritage while embracing modern technology are showcased. The company's focus on reimagining classic cars for the future through meticulous craftsmanship and innovative technology is emphasized, ensuring enhanced performance, safety, and comfort for today's drivers.
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ECD Auto Design (ECDA) expands its reach by taking its unique luxury builds and design experience directly to customers nationwide. The company's growth and increased manufacturing capacity position it well for future success. ECD will showcase its bespoke vehicles and Mobile Design Studio at various events across the country, offering clients a personalized experience.
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ECD Automotive Design Inc. announced the sale of a highly customized Electric Land Rover Defender 90 for over $400,000, marking the highest sales price to date. The vehicle features advanced EV technology, luxury upgrades, and personalized customization, reflecting the company's focus on value-added features and affluent customer preferences.
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FAQ
What is the current stock price of ECD Automotive Design (ECDA)?
The current stock price of ECD Automotive Design (ECDA) is $0.93 as of December 20, 2024.
What is the market cap of ECD Automotive Design (ECDA)?
The market cap of ECD Automotive Design (ECDA) is approximately 34.8M.
What does ECD Automotive Design specialize in?
ECD specializes in restoring and modernizing classic British motor vehicles, including Land Rover Defenders, Range Rover Classics, and Jaguar E-Types.
Where is ECD Automotive Design located?
ECD's global headquarters, known as the 'Rover Dome,' is located in Kissimmee, Florida.
What makes ECD's vehicles unique?
Each vehicle is fully bespoke, designed by the client through an immersive luxury design experience, and hand-built in 2,200 hours by master-certified craftsmen.
What recent achievements has ECD Automotive Design accomplished?
Recent achievements include the launch of the ECD Beach Runner, the acquisition of Brand New Muscle Car assets, and increased production capacity.
What engine options does ECD offer?
ECD offers a variety of engine upgrades, including Chevrolet V8s, Land Rover V8s, Cummins diesel engines, and new electric drivetrains.
How does ECD engage with its clients?
ECD provides an immersive luxury design experience, allowing clients to choose every detail of their custom vehicle. They also offer a mobile design studio and a state-of-the-art vehicle configurator.
What is ECD’s financial outlook?
ECD reported $15.1 million in revenue for 2023, a 22.5% increase from the previous year. The company aims to tap into a $15 billion market for high-end and collectible cars.
How does ECD ensure the quality of its builds?
Each vehicle is built by master-certified Automotive Service Excellence (ASE) craftsmen, ensuring high standards of quality and custom luxury.
What is the ECD Beach Runner?
The ECD Beach Runner is a new vehicle based on the Land Rover Defender 110 platform, designed for beach use with features like a fold-down windscreen and a GM LT1 455 horsepower engine.
What are ECD's future plans?
ECD plans to expand its product base, consolidate its position in the luxury classic car market, and become a trusted luxury auto partner for discerning customers.
ECD Automotive Design, Inc.
Nasdaq:ECDA
ECDA Rankings
ECDA Stock Data
34.75M
9.50M
73.76%
1.39%
0.12%
Auto Manufacturers
Motor Vehicles & Passenger Car Bodies
United States of America
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