Jaguar Land Rover achieves best annual sales in its history
The latest Land Rover Discovery
A 20% growth in Jaguar sales helped the Coventry-based car maker to record its highest number of sales ever
Jaguar recorded the fastest growth, with a 20% increase in sales bringing its annual figure up to 178,601. It labels the launch of the F-Pace and the new XF Sportbrake as key contributors to the change.
Land Rover, which has most recently launched the new Range Rover Velar, saw a steadier 2% increase on its 2016 figures, but its considerably larger 442,508 sales ensured it remains the group’s most significant brand.
The brand’s best seller for 2017 was the Discovery Sport, which was bought by 126,078 customers. The Range Rover Evoque, which is due to be replaced in 2019, remained a strong seller alongside the Range Rover Sport, with the pairing selling in over 190,000 units in 2017.
Like fellow UK car makers Aston Martin and McLaren, JLR’s 2017 figures were affected by ongoing economic uncertainty in Europe and Britain. But like the two aforementioned brands, JLR recorded strong sales growth, with the Coventry brand revealing that demand in China and the USA helped offset the impact.
146,399 cars were sold in China, ranking it as the company’s largest sales region in 2017. In North America, JLR sold 128,097 cars, a 9% increase on its results there from 2016.
The UK, which has seen new car sales tumble by 5.7%, recorded 117,748 sales, marking an almost identical year to 2016. JLR’s results in Europe were similar, with 138,643 sales in line with the previous year. Other overseas markets also saw tiny change from the year before, with sales down 0.5%.
Despite predictions for further falls in the UK new car market, as well as continued economic uncertainty in other regions, JLR is optimistic the upcoming launch of the E-Pace and all-electric I-Pace will ensure its continued growth.
Andy Goss, JLR group sales operational director, said: “While there will be further challenges facing our industry, there are also exciting times ahead for Jaguar Land Rover. We continue to over proportionally invest in delivering clean, safe, smart technologies and new vehicles to our customers.”
Source: Autocar Online