JLR releases record sales figures, buoyed by an expanding product portfolio and helped by growth in China

Jaguar Land Rover achieved record sales and profits in the last quarter of 2013, according to figures released by the company.

Profits for the period soared to £955 million, leaping by £422 million over the last three months of 2012. Before taxes, JLR had a profit margin of 17.9 per cent, which is likely to be the highest in the car industry. It outstrips even Ferrari’s recently announced 16 per cent margin.

Jaguar and Land Rover sold a combined 113,000 vehicles, 27 per cent more than the same period in 2012. Company revenues rose to £5.3 billion, a hike of about 25 per cent. With a quarterly profit of £619 million after tax, JLR now seems to be covering its massive R&D budget from day-to-day profits.

Land Rover’s retail volumes rose by 16,000 to 93,000. Jaguar’s sales climbed 7000 units, a 59 per cent lift. Land Rover had a notable increase in demand for the Evoque. This model and big jumps in demand for the new Range Rover and Range Rover Sport are the main impetus behind the rise in profits. Only the Discovery had falling sales, down by just under ten per cent. 

At Jaguar, the retail volumes for the aging XF rose from 8000 to 12,000 units and the XJ was up from 3000 to 5000 units. F-type sales, ahead of the launch of the coupé, are running at a useful annualised 8000 units or so.

China is now JLR’s biggest market, with sales between October and December 2013 running at 29,000 units. 

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Comments
6

2 March 2014
More good news from JLR confirms that designing and making entire cars in Britain is not just possible but actually highly profitable. Perhaps some of the companies that like to claim themselves as British, while merely assembling overseas designed and manufactured parts, or worse, selling entirely imported vehicles should take note.

2 March 2014
This is simply fabulous news. Building truly excellent cars, with many of them being the best in their respective classes with ease, is paying off. And they're not just being bought for their excellence, but also for their looks, style, sophistication and desirability which are distinctly British but forward looking and modern. We should all be proud that these British marques are doing so well. It's just a shame that domestically we are all so hung up on German cars, many of which are merely average, when we should be buying Jaguars and Land Rovers which should now be the default choice simply because of their excellence, rather simply patriotism which should also be a factor. Jaguar and Land Rover have more class leaders than BMW, Audi and Mercedes combined and done so with a fraction of the budget. That's how good these cars and JLR's engineers and designers are and we, in the UK, should start recognising that.

2 March 2014
Saucerer wrote:

Jaguar and Land Rover have more class leaders than BMW, Audi and Mercedes combined

Are you serious?

2 March 2014
Motormouths wrote:
Saucerer wrote:

Jaguar and Land Rover have more class leaders than BMW, Audi and Mercedes combined

Are you serious?

Range Rover, Range Rover Sport, Discovery, Evoque and XF lead their classes. 3-Series and S-Class the only class leaders, while not one Audi. Fact.

2 March 2014
Saucerer wrote:

Range Rover, Range Rover Sport, Discovery, Evoque and XF lead their classes. 3-Series and S-Class the only class leaders, while not one Audi. Fact.

There's only one thing wrong about what you've just said, and that's the last word. Calling the dated XF a class-leader is laughable when you compare it to the E-Class and 5-Series. Even the A6 is a better all-rounder. And then there's the Discovery, which is a decade-old overweight lump only available with a hugely inefficient diesel engine. The Range Rover I'll give you (although I wouldn't touch one with a bargepole), but the Range Rover Sport loses out to the likes of the Cayenne, X5, etc.

289

2 March 2014
well said Motormouths, this is always the problem when people who don't actually know what they are talking about let their loyalty get in the way of rational thought.
XF a class leader is just hilarious.....in the most closely fought segment in the company car market!!!
Actually Saucerer is also factually incorrect when he says RR, RRS & Discovery lead their classes...they are all in the same segment from an industry point of view - Luxury SUV!
And you are right, I wouldn't touch any of them with a barge pole either.

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