Luxury car maker company Jaguar Land Rover sales grew 1.7% in 2017-18, the company sold a total of 6,14,309 units during this period. According to the company, the main reason for the growth in sales is the launch of new models; the company recently launched the Range Rover Layer and the new Land Rover Disquisition. According to the figures, the Jaguar Land Rover sales in the UK in the fourth quarter declined by 7.8 percent to 83,732 units, while sales in Europe fell 3.8 percent, the company sold 1,72,709 units in total. According to the company, sales have increased in overseas markets during the financial year. In China, the company’s sales grew 19.9 percent, North American 4.7 percent, and in other overseas markets, sales increased 3.4 percent.
JLR Chief Commercial Officer Felix Brautigam said, “Weaker market conditions in the U.K. and Europe, driven by lack of consumer morale and lower demand for diesel, are impacting our growth,” He more said, even against this backdrop, the company closed the financial year with record retail sales. While Jaguar retail sales were up 1 percent to 1,74,560 units in the financial year, Land Rover retailed 4,39,749 units, up 2 percent compared with the last financial year.
Land Rover retailed 439,749 vehicles this financial year, up 2.0% compared to the last financial year due to the introduction of the Range Rover Velar and the all-new Land Rover Discovery. This was partly offset by lower sales of the Discovery Sport and Evoque while Range Rover and Range Rover Sport retails were lower on account of the model year change over, including our first Plug-in Hybrid models, during the third and fourth quarter. Retail sales for Land Rover for the Fourth Quarter were 122,778 vehicles, down 2.2% from quarter four last year, and retails in March were 59,432 vehicles, down 5.7% compared to March 2017.