Operator

Good morning or good afternoon all, and welcome to the Aston Martin Lagonda Q1 2026 Results Call. My name is Adam, and I'll be your operator today. [Operator Instructions] And I will now hand the floor to Doug Lafferty to begin. So Doug, please go ahead when you're ready.

Douglas Lafferty
CFO & Executive Director

Thanks, Adam. Good morning, everyone. Thanks for joining the call, as always, this morning for our Q1 2026 results. As ever there'll be time for a few questions after I've provided a short summary of our performance for the first 3 months of this year. Overall, our Q1 2026 performance was in line with our guidance, and we maintain our full year outlook.

As you are all aware, we expected Q1 to be the smallest quarter of the year as we continue to focus on realigning stock levels through a disciplined approach to managing production and delivery. This was achieved with total wholesale volumes similar to the prior year period, whilst core retail volumes were significantly ahead of wholesales by over 50%.

As a result of the around 100 -- well, sorry, as a result of 102 Valhalla deliveries, total ASP increased 17% to GBP 252,000, driving total revenue growth of 16%. As many of you would have seen at the start of the month, the overwhelmingly positive Valhalla driving reviews were published with many giving it 5 stars and some labeling it the Best Aston Martin ever.