Jaguar Land Rover Reports Second Fiscal Quarter Sales As China Sales Continue To Recover

Must Read

Spectranet and Nokia to provide 100+ Mbps ultra broadband services with FTTH to home and business users in Nigeria

Nokia GPON solution helps Spectranet better serve its customers by adding FTTH services to its current portfolio of...

List of Guaranty Trust Bank Sort Codes & Branches (with addresses) in Nigeria

The sort code is a number which usually identifies both the bank and the branch where an account is...

Midea Showrooms And Stores In Nigeria

If you’ve been wondering where Midea showroom and stores are in Nigeria below is a list of Showrooms and...
- Advertisement -
- Advertisement -

Jaguar Land Rover retail sales for the quarter ending 30 September 2019 were 128,953 vehicles, slightly down (-0.7%) compared to the same period a year ago.

Jaguar Land Rover Reports Second Fiscal Quarter Sales As China Sales Continue To Recover

These results reflect an encouraging recovery of Jaguar Land Rover retail sales in China (up 24.3%), with a third consecutive month of double-digit sales growth for the company in the region. Sales were also up slightly in Europe (+0.9%), offset by lower sales in the US (-1.0%), UK (-5.1%) and in Overseas markets (-19.2%).

September 2019

Quarter 2 FY20

Jul-Sep 2019

FY20 year to date

Apr-Sep 2019

Units

YoY % change

Units

YoY % change

Units

YoY % change

Jaguar

Land Rover

56,832

(0.5)%

128,953

(0.7)%

257,568

(6.5)%

Jaguar

16,235

(15.2)%

37,323

(11.0)%

76,863

(10.7)%

Land Rover

40,597

6.9%

91,630

4.2%

180,705

(4.6)%

Retail sales of the Range Rover Evoque continued to grow (+54.6%) with sales of the all-new model only just starting in China. Sales were also up strongly for the Range Rover Sport (+17.5%) and Jaguar I-PACE (sales of 3,666 units, up 2,593 units). Models with lower year-on-year figures include the Land Rover Discovery Sport with sales of the new mid-cycle refreshed model still ramping up and sales in China only starting later in the year.

Jaguar retail sales for the quarter were 37,323 vehicles, down 11.0% year-on-year and Land Rover retails were 91,630 vehicles, up 4.2% year-on-year.

Against challenging market headwinds, for the third consecutive month we have achieved double-digit growth in China, benefitting from our local turnaround plan and performing ahead of the broader market. We have also outperformed shrinking markets in other regions.

Despite these negative market trends, Land Rover sales saw year-on-year growth in the quarter. The all-new, significantly more refined Range Rover Evoque contributed to this. A comprehensively updated and well-received new Discovery Sport will support this positive development in the months to come. Range Rover and Range Rover Sport remain key pillars of our performance with strong demand for their innovative plug-in hybrid versions in many markets.

September saw the global reveal of the New Defender, the world’s most iconic 4×4. We were overwhelmed and excited by the positive public reaction to the latest addition to our line-up, which will give the whole Land Rover brand even more momentum in the future. The Land Rover family is complete now: while each Land Rover vehicle is the most capable in its respective segment, the New Defender is our most durable off-roader ever, completely re-invented for the digital age. For those who seek a more versatile premium SUV, the successful Discovery family is our enticing alternative. The Range Rover family, inventor of the luxury SUV almost 50 years ago, offers the ultimate in refinement.

Whilst some of the traditional Jaguar segments are struggling in the current macro-economic environment, the treble World Car Award-winning I-PACE continues to attract new customers to the Jaguar brand.

FELIX BRAUTIGAM
CHIEF COMMERCIAL OFFICER
- Advertisement -

Subscribe to BrandSpur Ng

Subscribe for latest updates. Signup to best of brands and business news, informed analysis and opinions among others that can propel you, your business or brand to greater heights.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Latest News

Deutsche Post DHL Group and UNDP join hands for resilient local airports

Get Airports Ready for Disaster (GARD) Local is a follow-up initiative to GARD workshops conducted at international airports.Airport authorities in Nepalgunj...

The Launch of 2019 Taipei International TV Market & Forum increases the international viability of Taiwan’s original content

TAIPEI, TAIWAN - Media OutReach - 12 November 2019 - The Bureau of Audiovisual and Music Industry Development today announces the launch of the 2019 Taipei International TV Market &...

Jacobson Pharma Launches Smartfish Health Nutrition Products from Norway in Greater China and Asia Pacific Region

HONG KONG, CHINA - Media OutReach - 12 November 2019 - Jacobson Pharma Corporation Limited ("Jacobson Pharma" or the  "Group"; Stock Code: 2633), a leading company engaging in research, development,...

Jumia Reports Q3 2019: JumiaPay Total Payment Volume up 95% and JumiaPay Transactions up 262% year-over-year

Marketplace revenue up 52% and Gross profit up 45% year-over-year  LAGOS, Nigeria - Jumia Technologies AG (NYSE: JMIA) (“Jumia” or the Company) announced today its financial results for...

Jumia Reports Q3 2019 Results: Marketplace revenue up 52% and Gross profit up 45% year-over-year

JumiaPay Total Payment Volume up 95% and JumiaPay Transactions up 262% year-over-year LAGOS, Nigeria -Jumia Technologies AG (NYSE: JMIA) (“Jumia” or the Company) announced today its financial results...

More Articles Like This