Economy

MG Motor UK has rounded off a record-breaking year by achieving an annual sales increase of almost two-thirds, achieving 30,600 registrations in 2021. […]

Lotus has revealed its best annual global retail sales performance since 2011. The outstanding figures prove worldwide excitement about the brand’s transformation is translating into customers buying cars. Lotus global retail sales were up 24% in the company’s best performance for a decade. […]

In 2021, Rolls-Royce Motor Cars delivered the highest-ever annual sales results in the marque’s 117-year history. […]

Bentley Motors announced total sales of 14,659 in 2021, an increase of 31 percent over the previous record year (11,206) in 2020. This significant achievement was driven by new model introductions, a fresh product portfolio, and increasing demand for Bentley’s new hybridized models, introduced under Bentley’s Beyond100 strategic path to full electrification by 2030. […]

Hagerty has announced that shares of its common stock and warrants began trading today on the New York Stock Exchange under the ticker symbols HGTY and HGTY.WS, respectively. […]

MINI has delivered its one-millionth car sold in the UK, just over 20 years since the start of modern MINI production began in 2001. MINI has sold over 5.1 million cars globally in the past two decades, and the UK is the brand’s largest market. […]

MG Motor has seen its biggest-ever shipment of new cars arrive in the UK at Bristol’s Portbury Docks, eclipsing the shipment of 2,000 vehicles which arrived in October 2020. […]

A H Spares, the original and largest Austin-Healey and Sprite parts specialist in the world, has shipped more parcels and received more online orders than ever before since March. […]

Jaguar Land Rover retail sales in February 2019 were 38,288 vehicles, down 4.1% compared to February last year. Strong sales of I-PACE, E-PACE, refreshed Range Rover and Range Rover Sport were offset by overall weak customer demand in China as well as the run out of the old Range Rover Evoque, with sales of the all-new Evoque expected to ramp up over the coming months. February 2019 Change year-on-year Apr 2018 – Feb 2019 Change year-on-year Jaguar Land Rover 38,288 (4.1)% 502,020 (5.4)% Jaguar 12,235 5.8% 155,936 3.8% Land Rover 26,053 (8.1)% 346,084 (9.0)% Retail sales were up significantly in North America (25.4%), UK (11.3%) and modestly higher in Europe (1.1%) but weaker market conditions continued to weigh on sales in China (down 47.6%).

Morgan Motor Company announced record profits as it prepares to launch a range of vehicles in its 110th year. The iconic Malvern-based family-owned firm, which employs 204 staff, said profits jumped to £3.6million last year from £2million 12 months earlier. Output dropped from 750 to 681 cars as the firm said goodbye to the thirsty V8 engine and the Aero 8 and Plus 8 models which use it. Morgan is expected to launch a more frugal but sportier replacement at this spring’s Geneva Motor Show. 

Jaguar Land Rover Automotive plc, the UK’s largest vehicle manufacturer, today reported financial results for the three-month period ending December 31, 2018. Retails for the quarter were 144,602 vehicles, compared with 154,447 a year ago, primarily as a result of continued challenging market conditions in China, offset partially by encouraging growth in North America and the UK. The company’s sales in Europe were up slightly, despite an 8% drop in the overall market. In the three-month period, sales increased for the new Jaguar E-PACE and the electric Jaguar I-PACE as well as the refreshed Range Rover and Range Rover Sport, while the slowdown in China accounted largely for lower sales of other models.

Jaguar Land Rover has released a very short statement confirming their one-week production shutdown as was done last year. Today we have confirmed this year’s holiday dates to employees across all sites.  As part of this, we have also confirmed that there will be an additional week of production stand-down 8th – 12th April due to potential Brexit disruption.

MG Motor UK is celebrating its biggest year ever after achieving record car sales in 2018. Figures released today by the SMMT confirmed that MG had reached its stated 2018 goal of more than doubling its sales volume versus the previous year.

Lotus Cars has posted its strongest sales results in seven years with 1,630 cars sold worldwide in 2018. Concluding a landmark year for the company, 2018 saw Lotus celebrate its 70th birthday, new majority ownership from Geely, substantial investment in product development and new facilities, and a number of senior appointments, with respected auto and luxury-sector leader, Phil Popham, joining as CEO.

Jaguar Land Rover retail sales in 2018 totalled 592,708 vehicles, down 4.6% compared to 2017’s record year. The introduction of the Jaguar E-PACE and I-PACE led to Jaguar’s best ever annual sales results in 2018 up 1.2% to 180,833. However, this was more than offset by market weakness in China impacting on sales of established models. The lower sales in China (-21.6%) were partially offset by stronger sales in North America 7.2% and Overseas (7.3%). Weaker market conditions primarily relating to diesel and Brexit also weighed on sales in the UK (-1.5%) and Europe (-7.8%). The all new Range Rover Evoque has now been announced and will be going on sale later this year.

First Jaguar, now MINI. Brexit is already playing havoc with the business of making cars in the United Kingdom and striking fear into global automakers. BMW said Tuesday that it would shut its MINI factory in England for one month of maintenance immediately after Brexit because it can’t be sure of getting the parts it needs if the United Kingdom leaves the European Union without a trade deal. Brexit will take effect on March 29. The MINI shutdown will begin on April 1. “While we believe this worst-case scenario is an unlikely outcome, we have to plan for it,” said BMW, which employs 4,200 workers at its MINI plant in Oxford.

Britain’s biggest carmaker Jaguar Land Rover said it will go down to a three-day production week at its Castle Bromwich plant in central England just days after Ralf Speth, Chief Executive Officer of Jaguar Land Rover, warned about the impact of Brexit and diesel policy on manufacturing. Tata Motors-owned Jaguar Land Rover on Monday confirmed a cut in its production schedule at the Castle Bromwich plant which manufactures Jaguar cars due to “continuing headwinds” impacting the British car industry. 

Jaguar Land Rover reported total worldwide retail sales of 36,144 vehicles in July 2018, down 21.6% year on year, primarily reflecting transitional issues in certain markets. July2018 Changeyear-on-year Jan – July 2018 Changeyear-on-year JaguarLand Rover 36,144 (21.6)% 354,363 (2.4)% Jaguar 10,992 (15.2)% 105,047 (2.9)% Land Rover 25,152 (24.0)% 249,316 (2.2)% Retails for July were down in China (46.9%), reflecting continued market volatility in the first month of the duty change as well as trade tensions. Sales were also down in Europe (26.5%) and the UK (18.3%), impacted by the industry-wide issue of delays in WLTP certification of 2019 model year vehicles. Jaguar Land Rover has made good progress however and all its vehicles are certified or expected to be shortly. Retail sales were also down in North America (9.5%), resulting from softer industry volumes (down more than 3%) combined with […]