UK’s biggest car maker sold 614,309 cars in 12 months, despite fall in domestic demand, with overall revenue up 6%

Jaguar Land Rover recorded 6% growth in revenue and a 1.7% increase in retail sales in the tax year ended 31 March, despite being hit hard by a heavy downturn in domestic demand.

Global sales totalled 614,309 cars for the tax year — a new high for the company. However, British sales tumbled by 12.8% and European demand was down by 5.3%.

JLR CEO Ralf Speth said that it was strong demand in key overseas market that “offset the challenging conditions in the UK and other parts of Europe”.

Much of the global increase can be attributed to China, where sales were up 19.9% year on year. North American sales also rose 4.7% in the 12 months.

Aston Martin records profit for fifth consecutive quarter

Of its models, JLR said the new Land Rover Discovery and Range Rover Velar were key contributors to growth, while the Jaguar E-Pace and China-only Jaguar XFL were among that brand’s best sellers.

The UK’s biggest car maker’s revenue totalled £25.8 billion in the 12 months to 31 March, generating £1.5bn of pre-tax profit.

Speth highlighted that financial growth came at a time the brand continues with “over-proportional investment in new vehicles, manufacturing facilities and next-generation automotive technologies in line with our Autonomous, Connected, Electric and Shared strategy”.

JLR invested £4.2bn into new technologies during the year, with a portion of this focused on the development of its first electric car, the I-Pace. The firm also said it funded the building of new R&D facilities, as well as the upgrading of existing sites. Construction of its new plant in Nitra, Slovakia, will have required substantial investment.

Our Verdict

Range Rover Velar

Fourth Range Rover model has abundant style but how much breadth of ability does the Velar really have?

Find an Autocar car review

Driven this week

During the current tax year, £450 million is being invested at JLR’s Gaydon Design and Engineering Centre to upgrade the facility into a central hub. JLR will also open a software engineering centre in Shannon, Ireland, that will support the electrification of JLR models and develop self-driving technology.

More content:

Land Rover Discovery long-term review

New car sales in Europe increase by 9% in April

Join the debate

Comments
30

23 May 2018

People have realised that JLR products are not very good quality.

That is probably why sales are down.

 

23 May 2018
max1e6 wrote:

People have realised that JLR products are not very good quality.

That is probably why sales are down.

 

Exactly. Will take a short while for the Americans to cotton on as well then it will be a global down turn.

23 May 2018

I have never had a problem wih their range rovers...

#Dieselsforlife

24 May 2018
max1e6 wrote:

People have realised that JLR products are not very good quality.

That is probably why sales are down.

 

 

Another predictably cretinous comment from you. 

Zzz..

24 May 2018
Luap wrote:

max1e6 wrote:

People have realised that JLR products are not very good quality.

That is probably why sales are down.

 

 

Another predictably cretinous comment from you. 

Zzz..

Spot on - trolls will be trolls

23 May 2018

Doesn't the article say it's a sales record? And if the first 2 posts are acurate surley they would have been 'found out' by now and sales would be falling! 

Pricey yes but not without some merit.

typos1 - Just can’t respect opinion

23 May 2018

Record pressure applied to dealers to pre-register diesel cars that aren’t wanted. Eventually they will be sold in the used market but in the meantime JLR will be hurting because they will need to wait to be paid and when they are profits are hit. 

23 May 2018

Some people really are stupid - record sales every year since 2008, and still going up, with W/Wide sales up 9% so far this yearit is a shame that some stupid people cant read, instead they state inaccurate and downright idiotic comments and Info......

 

23 May 2018

Some people really are stupid - record sales every year since 2008, and still going up, with W/Wide sales up 9% so far this yearit is a shame that some stupid people cant read, instead they state inaccurate and downright idiotic comments and Info......

 

23 May 2018

Some people really are stupid - record sales every year since 2008, and still going up, with W/Wide sales up 9% so far this yearit is a shame that some stupid people cant read, instead they state inaccurate and downright idiotic comments and Info......

 

Pages

Add your comment

Log in or register to post comments

Find an Autocar car review

Driven this week