News : JLR breaks sales records in 2016/2017 Financial Year
Jaguar Land Rover has sold 604,009 vehicles (including sales from its China joint venture) in the 2016/2017 Financial Year. This is up 16 per cent compared with last year, exceeding 600,000 for the first time in the company’s history.
Sales for the 2016/2017 were up year-on-year in China (32 per cent), North America (24 per cent), the UK (16 per cent) and Europe (13 per cent), and sales in other overseas markets were down 6 per cent. For the month of March, retail sales were up in Europe (21 per cent), North America (21 per cent), China (21 per cent) and Overseas markets (6 per cent) compared to March 2016. In the UK, March sales were up 26.5 per cent to a record 31,778 vehicles.
Jaguar: 83 per cent growth in 2016
|March||% increase YOY||2016/17||% increase YOY|
|Jaguar Land Rover||90,838||21%||604,009||16%|
Land Rover retailed 431,161 vehicles this financial year, up 1 per cent compared with last year, as continuing strong sales of the Discovery Sport, Evoque and Range Rover Sport were offset by the run-out of Defender and Discovery. Retail sales for Land Rover for the Fourth Quarter were 125,537 units, down 3 per cent on quarter four last year, and retails in March were 63,018 vehicles, up 5 per cent compared to March 2016.
Last month Land Rover launched the Velar, a new addition to the Range Rover family, positioned between Evoque and Range Rover Sport.