Approximately 60,217 Range Rover evoques sold in the first three months of 2012
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.