McLaren Automotive emerged as the fastest growing luxury automotive brand in the UK following the release of year-to-date car registration figures from the Society of Motor Manufacturers and Traders (SMMT). The British creator of luxury sports cars and supercars recorded an extraordinary 47.73% year-on-year growth and registered 390 vehicles in the first half of 2018. In addition, the brand increased their number of UK retailers to eight with McLaren Hatfield and McLaren Leeds opening doors for business. A new location for the south coast of England is currently under consideration.
McLaren Automotive, the British manufacturer of luxury handcrafted sports and supercars, has celebrated the fifth anniversary of the first car rolling off the production line with another record-breaking year. Operating profits increased to £23.5M – the company’s third successive year of profitability – from revenues of £450.6M, with revenue projected to increase by 50% over the next two years and double by the end of 2022 – an unprecedented performance in the early years of a car company. 2015 also marked the fifth successive year of increasing global car sales to 1,654 cars, supported by the launch of no less than five new models.
This isn’t an article about Jaguars, but I have been thinking a lot recently about them. Specifically a pre-2005 XK8. I need an adult daily-driver car with a bit of style and an XK8 seems like it would fit the bill nicely. As I do my research and price out the different years and models I inevitably began pondering the question of what else that same money might buy. In short order that led me to talk with some car buddies about the relative merits of the different choices. A variation on the “if I won the lottery” theme. Let’s stay that you had $10K to spend on a British car. The rules are that you must buy a British car with it that you will drive every day – both sun and rain, summer and winter. Of course, you could […]
New car sales in Britain rallied in March to the highest total for a decade, industry data showed on Friday. Sales jumped 17.7 percent last month to 464,824 vehicles compared with data for March 2013, the Society of Motor Manufacturers and Traders (SMMT) said in a statement. That was the highest monthly figure since March 2004. “New car registrations surged 17.7 percent in March … a surprisingly strong level of growth and a reflection of intensifying consumer confidence and the availability of great new products,” said SMMT chief executive Mike Hawes. “Given the past six years of subdued economic performance across the UK, there is still a substantial margin of pent-up demand that is contributing to a strong new and used car market. There has never been a better time to buy a new car thanks to attractive finance deals […]
According to MotorTrend, the economic slowdown is actually going to be a benefit for the British car industry. Cardiff Business School car industry guru Professor Garel Rhys is predicting that the falling value of Sterling will make British built cars easier to export, despite the gloomy economic outlook. He said that some 76 per cent of UK car production was for export, and Sterling’s value fall would make these vehicles more profitable, helping to justify inward investment in the UK car industry, notably from emerging economies such as China. The latest UK vehicle investor is Indian industrial combine Tata, which has recently bought Land Rover and Jaguar from Ford. Other investors include the Russian backers of the LDV van making business. He added that the currency value shifts would cut the profitability of imported cars, which currently account for 86 […]