Jaguar Land Rover, the UK’s largest manufacturer of premium luxury vehicles, has reported record retail sales of 604,009 vehicles for in the financial year, up 16% on last year and exceeding 600,000 for the first time in the company’s history.
Retail sales for the full financial year were up year-on-year in China (32%), North America (24%), the UK (16%) and Europe (13%), whilst sales in other Overseas markets were down 6%. For the month of March, retail sales were up in Europe (21%), North America (21%), China (21%) and Overseas markets (6%) compared to March 2016. In the UK, March sales were up 26.5% to a record 31,778 vehicles.
Retail sales for Jaguar were a record 172,848 vehicles in the financial year, up 83%, while Land Rover recorded sales of 431,161 vehicles for financial year, up 1% compared to last year.
“These numbers set the seal on Jaguar Land Rover’s seventh successive year of sales growth, by breaking through the 600,000 barrier,” said Andy Goss, Jaguar Land Rover Group Sales Operations Director. “We continue to make encouraging gains in key markets such as China and North America, as well as seeing sustained customer demand for the Jaguar F-PACE, Range Rover Evoque and Land Rover Discovery Sport.
“The last 12 months have seen the launch of three completely new product lines, and successful growth across many of our existing products. Jaguar sales are still increasing strongly and Jaguar is now Europe’s fastest-growing car brand.”