Jaguar Land Rover Automotive plc reported a global 38% increase in second-quarter pre-tax profits to £385 million in the three months to September 30, 2017. Revenues were up 11.5% to £6.3 billion with an increase in margin (EBIT) of 1% to 5.2%. Higher sales and profits reflect the continuing ramp-up of new models such as the Range Rover Velar, Land Rover Discovery, Jaguar XF Sportbrake, Jaguar F-PACE and, in China, the Jaguar XFL. Retail sales grew 5.1% to 149,690, with increases in China (27.4%) and the US (5.1%) offsetting lower sales in the UK and Europe.
Globally as a whole, Jaguar Land Rover sold 46,418 vehicles in October, up 0.2% year on year. Solid sales of all models, including the new Range Rover Velar and the Jaguar F-PACE, continue to bring new customers to the brand each month. China continues to perform well with sales up 12%, while overseas markets were up 16% compared to the same period in 2016. But difficult market conditions have led to retail sales being down 18% in the UK, and 3% down in Europe and the US.
Jaguar Land Rover North America, LLC has reported October 2017 U.S. sales: Jaguar sales were 2,891 units, a 10 percent decrease from 3,219 units in October 2016; Land Rover sales decreased 1 percent to 5,477 units from 5,532 in October 2016; Jaguar Land Rover October U.S. sales for both brands hit 8,368 units, a 4 percent decrease from 8,751 units in October 2016. Year to date, Jaguar Land Rover is up 11% percent in the United States, building on 2016’s record year sales pace. October proved to be a challenging month for U.S. sales resulting in Jaguar Land Rover coming down slightly from our record pace in 2016. We continue to be very encouraged by growing sales for the year and in particular growth of our newest SUV models, the Jaguar F-PACE and Range Rover Velar which are bringing new customers […]
Reuters is reporting that British car production fell 4.1 percent in September from the same month a year earlier, the fifth decline in six months that adds to signs of faltering consumer and business confidence. Exports, accounting for 80 percent of total output, fell 1.1 percent, while domestic demand slumped 14.2 percent, according to figures from the Society of Motor Manufacturers and Traders (SMMT), pushing total production down to 153,224 cars.
Caterham has surpassed last year’s record-breaking sales achievement. The news comes as Caterham today (October 16) celebrates the 60th anniversary of the very first Seven being unveiled at the Earls Court Motor Show. With more than two months to go until the end of 2017, Caterham has already overtaken its record haul of over 600 orders set in 2016. It’s the second year in a row that the iconic British sports car brand has reported its best sales year, a record that had previously not been beaten since 1996.
Retail sales for Jaguar Land Rover totaled 65,097 vehicles in September, up 7% on September 2016, following strong sales across the majority of key regions. Retail sales in September were up 20% year-on-year in China, 17% in North America, 10% in Overseas markets and 1% in Europe. Due to difficult market conditions, retail sales were down in the UK (4%).
Jaguar Land Rover North America, LLC today reported August 2017 U.S. sales: Jaguar sales were 3,101 units, a 6 percent decrease from 3,298 units in August 2016; Land Rover sales increased 5 percent to 6,320 units from 6,031 in August 2016; Jaguar Land Rover August U.S. sales for both brands hit 9,421 units, a 1 percent increase from 9,329 units in August 2016. Year to date, Jaguar Land Rover is up 13 percent in the United States, ahead of 2016’s record sales year pace. We are pleased to notch a small increase in August in the face of a challenging marketplace. Despite the headwinds, record monthly sales for Range Rover, and the launch of the Range Rover Velar, helped the Land Rover brand set a new U.S. August sales record. — Joe Eberhardt, President and CEO, Jaguar Land Rover North America, LLC
The most recent new car registration stats from the SMMT show a decline in passenger car registrations in July, but MG Motor UK is continuing to outperform the market. The Longbridge-based business not only registered a total of 305 new cars across July (an increase of more than 4% year-to-date compared to 2016), but an additional five new dealerships joined the network. The latest stats confirm MG’s strong year-to-date growth and can be attributed to network expansion and development. This stands in contrast to the subdued new-car market, which was down by over 2% in the first seven months of 2017 compared to 2016.
Jaguar Land Rover North America, LLC today reported July 2017 U.S. sales: Jaguar sales were 3,166 units, a 7 percent decrease from 3,398 units in July 2016; Land Rover sales decreased slightly to 5,915 units, down 2.6 percent from 6,075 in July 2016; Jaguar Land Rover July U.S. sales for both brands hit 9,081 units, a 4 percent decrease from 9,473 units in July 2016. Year to date, Jaguar Land Rover is up 15 percent in the United States, ahead of 2016’s record sales year pace. We are pleased that despite a slowdown in the broader market, Jaguar and Land Rover just missed last year’s record July sales, and are up 15% over 2016’s record full year pace. With the first half of the year behind us, we are focused on launching three new vehicles, the Land Rover Discovery now in […]
Ahead of the Range Rover Velar arriving in showrooms, retail sales for Jaguar Land Rover reached 51,591 vehicles this month, up 11.0% on June 2016. Retail sales for the quarter totaled 137,463 vehicles, up 3.5% compared to the same quarter last year. Retail sales for June were up year-on-year in China (65.3%), the UK (3.8%), Europe (3.7%) and North America (3.2%) whilst sales in Overseas markets were down 8.5%, due to challenging conditions in emerging markets such as Brazil, the Middle East and Russia.
British sports car and supercar manufacturer, McLaren Automotive, today announces yet another record-breaking year in respect of vehicle sales, profitability, and financial performance. Profit before tax of £9.2M from an annual sales revenue of £649.8M in 2016 gave McLaren Automotive a fourth consecutive year of profitability in only six years, since the start of sales in 2011. This was an increase in profitability before tax of 70% compared to the £5.4M reported in 2015.
Jaguar Land Rover North America, LLC today reported May 2017 U.S. sales: Jaguar sales were 3,113 units, a 44 percent increase from 2,164 units in May 2016; Land Rover sales increased slightly to 4,993 units; Jaguar Land Rover May U.S. sales for both brands hit 8,106 units, a 14 percent increase from 7,114 units in May 2016. Year to date, Jaguar Land Rover is up 22 percent in the United States. We are very pleased to see the continued sales growth for both the Jaguar and Land Rover brands. The Jaguar brand continues its sales momentum driven by the strong performances of the XE and F-PACE and the Land Rover brand with the Range Rover Sport, Discovery Sport and the arrival of the new Discovery, which is in showrooms now. — Joe Eberhardt, President and CEO, Jaguar Land Rover North America, […]
Jaguar Land Rover North America, today reported April 2017 U.S. sales: Jaguar sales were 3,230 units, a 197 percent increase from 1,087 units in April 2016; Land Rover sales increased slightly to 5,211 units; Jaguar Land Rover April U.S. sales for both brands hit 8,441 units, a 35 percent increase from 6,275 units in April 2016; making it the best ever Jaguar Land Rover April sales month (previous best was 8,216 units in 2002). Year to date, Jaguar Land Rover is up 24 percent in the United States. We are thrilled to have had a record-setting April sales month for Jaguar Land Rover based on a strong product offering and our dedicated retailer network. The Jaguar F-TYPE and Land Rover Discovery Sport had an outstanding sales month and continue to contribute to the brands’ growing sales momentum. — Joe Eberhardt, […]
McLaren Toronto has been named the North American Retailer of the Year 2016 in recognition of its sales performance and highest standards of business operation.
MG Motor UK is celebrating continued success in 2017, after achieving record registrations for March. Figures released today by The Society of Motor Manufacturers and Traders (SMMT) show a 30% rise compared to the same month in 2016. So far in 2017, MG has registered 1,065 vehicles, 8% higher than the same period in 2016, making it the best ever quarter for the Longbridge-based business. Alongside increasing brand awareness and excellent value for money, Matthew Cheyne, Head of Sales and Marketing at MG Motor UK, believes this continued success is down to its ongoing focus on dealer engagement and positive customer reception to its latest model range. MG’s strategy is to work with its dealer network using straightforward campaigns and a focus on getting actual drivers into the cars that they are selling, encouraging dealers to concentrate on delighting their customers, […]
A Jaguar Land Rover vehicle was registered every 30 seconds in March as Britain’s biggest car manufacturer continued a record-breaking start to 2017. Jaguar Land Rover celebrated its best March sales in its history with Jaguar sales up 68% to 9,484 and Land Rover achieving 22,283 sales, up by 14% percent, driven by a raft of new models.
Jaguar Land Rover North America, LLC today reported March 2017 U.S. sales: Jaguar sales were 4,953 units, a 132 percent increase from 2,133 units in March 2016; Land Rover sales reached 7,965 units, down 9 percent from record March sales of 8,733 units in 2016; Jaguar Land Rover March U.S. sales for both brands hit 12,918 units, a 19 percent increase from 10,866 units in March 2016; making it the best ever Jaguar Land Rover sales month. Year to date, Jaguar Land Rover is up 21 percent in the United States. We are proud that both Jaguar and Land Rover finished our fiscal year on a high note in March, establishing record-breaking U.S. sales numbers for the company as a whole, as well as Range Rover Evoque, F-PACE and XE. Jaguar has maintained its 2016 sales momentum and Land Rover […]
Jaguar Land Rover, the UK’s leading manufacturer of premium luxury vehicles today reported its best ever February retail sales of 40,978 vehicles, up 9% on February 2016, thanks to strong sales performances in China and North America. The company sold 88,671 vehicles in the first two months of 2016, 6% up on the same period in the prior year. Retail sales for the month of February were up year-on-year across many key regions: 40% in China, 16% in North America and 14% in the UK. Europe and other Overseas markets were down 2% and 7% respectively year-on-year.
Jaguar Land Rover North America, LLC today reported February 2017 U.S. sales: Jaguar sales were 3,484 units, a 130 percent increase from 1,512 units in February 2016; Land Rover sales reached 5,747 units, down 10 percent from record February sales of 6,417 units in 2016; Jaguar Land Rover February U.S. sales for both brands hit 9,231 units, a 16 percent increase from 7,929 units in February 2016; making it the best ever Jaguar Land Rover February sales month. “We are very pleased to have our best ever February retail month in the U.S. with both car and SUV sales growing across the two brands,” said Joe Eberhardt, President and CEO, Jaguar Land Rover North America, LLC. “The Jaguar brand continues to grow at a torrid pace on strength of the two newest products, the XE and F-PACE. Land Rover is […]
Jaguar Land Rover North America, LLC today reported January 2017 U.S. sales: Jaguar sales were 2,939 units, an 117 percent increase from 1,352 units in January 2016; Land Rover sales reached 6,163 units, up 9 percent from record sales of 5,655 units in January 2016; Jaguar Land Rover January U.S. sales for both brands hit 9,102 units, a 30 percent increase from 7,007 units in January 2016; making it the best ever Jaguar Land Rover January sales month. After coming off a record-setting year in 2016, we are starting 2017 with a successful January sales month for Jaguar Land Rover and are proud to report a 30 percent sales increase. This strong performance is a testament to our expanded product offering, highly desirable brands and dedicated retailer network. We are in prime position for sales growth in the coming year. […]