Luxury carmaker Jaguar Land Rover has notched its best-ever sales in its history. The Tata Motors-owned company sold a total of 621,109 vehicles in 2017, an increase of 6.5 percent compared to same period the previous year.
The company says that despite tough conditions in some markets it has been able to achieve record global sales including retail sales of 55,697 units an increase of 0.6 percent (YoY) in December 2017, while for the quarter it sold 154,447 vehicles, up 3.5 percent.
The retail sales in December were up in overseas markets (19.0%) and in China (12.6%) but down in the UK (15.8%), US (9.2%) and Europe (4.6%), reflecting weaker market conditions in the UK and to a lesser extent the US.
Commenting on the record sales, Andy Goss, Group Sales Operations Director Jaguar Land Rover, said: “We have once again delivered year-on-year sales increases thanks to a world-class product range and new models such as the E-Pace and Velar, as well as China-specific models such as the XFL. But we are facing tough times in key markets such as the UK where consumer confidence and diesel taxes will hit us.”
In December 2017, retail sales for Jaguar were 15,079 units, down 7.8 percent compared to the same period the previous year as solid sales of the long wheelbase Jaguar XFL in China and the introduction of the E-Pace were more than offset by softer sales of the XE and XJ.
While Land Rover retailed 40,618 units in December 2017, up 4.1 percent compared to December 2016, led by the introduction of the Range Rover Velar and the sales ramp up of the all new Discovery.
Interestingly, the company witnessed a 49 percent growth from India, which contributed 0.63 percent to the total global sales.
Also read: BMW India records best-ever sales in 2017: 9,800 units, +25%
Volvo Cars reports record sales of 571,577 units in 2017, up 7%
Jaguar Land Rover India sells 3,954 units in 2017, up 49% YoY
Audi India sells 7,876 units in 2017, up 2% YoY
Will luxury carmakers in India have a smoother ride in 2018?