Jaguar Land Rover Reports Record Sales in the First Half of 2016

The Tata Motors-owned British luxury carmaker sold a record 2,91,556 units in the first half this year.

By Carandbike Team

1 mins read

Published on July 8, 2016

Highlights

JLR reported a 22% growth in global sales in the first half of 2016
The F-Pace is now Jaguar's fastest selling model
JLR's sales last month was also its best-ever June performance

Jaguar Land Rover reported a 22 per cent growth in global sales yesterday. The Tata Motors-owned British luxury carmaker sold a record 2,91,556 units in the first half this year, bolstered by vigorous demand in Europe. The automaker noted the growth was chiefly aided by an increase in Jaguar's sales by 64 per cent for the first half of the year. Jaguar sold nearly 9,500 units of the F-Pace, making it Jaguar's fastest selling model. JLR's growth in the aforementioned period also benefited from ample sales of the XE and XF. Jaguar sold 61,651 vehicles till June, up 64 per cent compared to the same period last year. Whereas Land Rover sold 2,29,905 vehicles in the same period, thus registering an increase of 14 per cent in comparison to the numbers from the first half of 2015. The company, in a statement, said, "During the first half of the year, Jaguar Land Rover has seen increased sales across all of its major regions with 35 per cent in Europe, 21 per cent in the UK, 21 per cent in North America, 19 per cent in China and 11 per cent in overseas markets." (The F-Pace is now Jaguar's fastest selling model) Furthermore, JLR's performance last month was also its best-ever June performance; it retailed 46,456 vehicles, marking a 17 per cent growth on 2015. Jaguar sold 13,171 vehicles last month, up 84 per cent whilst Land Rover sold 33,285 units, up 3 per cent from June 2015. Additionally, JLR's June sales registered a year-on-year growth across all regions with 44 per cent in North America, 19 per cent in China, 14 per cent in Europe, 8 per cent in the UK and 7 per cent in overseas markets. Andy Goss, Jaguar Land Rover Group Sales Operations Director, mentioned the company observed "record-breaking sales in both the UK and Europe" which was backed up by a strong performance in North America. He added, "Jaguar has seen unprecedented growth driven by the successful introduction of the Jaguar FPACE as well as continued strong sales of the XE. Land Rover has delivered a solid performance, particularly for the Discovery Sport, which is now the brand's best-selling vehicle." This comes as an interesting announcement, considering the fears of business' prospects post Brexit. Jaguar Land Rover quelled any concerns about Britain's exit from the European Union, saying, "it was business as usual" for the company. It also added that the company remains committed to all its manufacturing sites and investment decisions.