NEED AN EMERGENCY DENTIST
JAGUAR Land Rover has again reported record annual sales but the Coventry car maker’s growth has slowed, particularly over the last two months.
The firm has announced retail sales of 614,309 vehicles in the year to March 31, up by 1.7%.
One of the key factors in the figures, particularly in the UK and Europe, was lower demand for diesels as uncertainty over the future of the fuel continues.
Jaguar Land Rover’s annual sales were down by 12.8 per cent in the UK, while in Europe they fell by 5.3 per cent.
But elsewhere it was better news with both the Chinese and North American markets continuing to perform well.
The car maker’s annual sales in China were up 19.9% while North America saw an increase of 4.7%.
Felix Brautigam, Jaguar Land Rover chief commercial officer, said: “Weaker market conditions in the UK and Europe, driven by lack of consumer confidence and lower demand for diesels, are impacting our growth.
“But even against this backdrop it’s good to see that we have closed our financial year with record retail sales.”
In line with previous years the Land Rover marque was responsible for the lion’s share of sales (70%) though both brands saw an increase in sales – Land Rover by 2.0% and Jaguar by 1.0%.
Jaguar will be buoyed by the fact it is on the cusp of a major product offensive with the launch of the E-Pace SUV and I-Pace all-electric SUV.
Looking at the last two months Jaguar Land Rover’s sales fell by 7.8% (7,100 cars) in March and were down by 1,000 cars in February, with the split roughly even across the Land Rover and Jaguar marques.
Looking forward Land Rover also has refreshed Range Rover and Range Rover Sport model on sale, while its recently launched Velar is also proving popular.