Currently reading: China growth fuels JLR profits
China poised to overtake the UK and become JLR's largest market; massive Evoque sales fuel surge

China is on course to become Jaguar Land Rover's largest market, its latest trading figures have confirmed.

The group announced pre-tax profits of £1.5bn in 2011-12, up from £1.12bn year-on-year. In total, JLR sold 314,433 vehicles, a 29.1 per cent rise year-on-year. Land Rover accounted for 260,394 sales, Jaguar 54,039.

Although Britain remained the largest market, with sales of 60,022 vehicles, up 3.2 per cent year-on-year, Chinese sales rose by 76 per cent to 50,994 car sales. With sales in China accounting for nearly a fifth of all JLR sales in the first three months of 2012, that market is expected to overtake Britain this year.

The group’s rapid growth looks set to continue. Pre-tax profits for the first quarter of 2012 were £530m, up from £299m year-on-year. Much of the success has been driven by sales of the Range Rover Evoque; approximately 60,217 were sold in the first three months of this year, of 83,903 total Land Rover sales.

JLR now exports 80 per cent of its production.

 

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Eric_Halfabee 30 May 2012

Evoque government grant

Volvophile - Unlikely, and not allowed under EU competition policy.  There was, I think a few £m's of re-training aid, which is allowed, and is a drop in ocean of the several hundred millions needed to bring the car to market.

ordinary bloke 30 May 2012

Good News

A bit of good news  - well done JLR.

I guess that the sales of 60,000 Evoques in China is why I've see so few here .............. or maybe I just don't live in an affluent enough area !

Volvophile 30 May 2012

I seem to remember Land Rover

I seem to remember Land Rover receiving a grant to develop the Evoque from the UK government.