Jaguar Land Rover reveals best ever half-year sales as new models roll out of the showroom
Jaguar Land Rover has rewritten its sales record books and today joined British luxury car marques Rolls-Royce and Bentley in announcing best-ever half-yearly sales.
JLR sold 240,372 vehicles worldwide in the first six months of this year - up 14 per cent on the same period last year - which represented its ‘strongest ever half year sales performance.’ It added that it had delivered more vehicles in the first six months of 2014 than in the whole of 2010.
Sales of Jaguar cars - from the sporty F-Type promoted by David Beckham to the popular luxury XF saloon and the XJ limousine used by Prime Minister David Cameron - rose 16 per cent to 43,587 in the period January to June.
Need for speed: Sales of Jaguars ranging from the sporty F-Type, pictured, to the XF saloon and the XJ are up.
Sales of Land Rovers - including the flagship Range Rover - sales were up 14 per cent to 196,785. JLR total sales for last month were just under 40,000 - a rise of 17 per cent on June 2013.
It comes as the firm - owned by Indian parent company TATA - embarks on ambitious expansion plans with a new engine plant in Wolverhampton and production plans as far afield as India and China.
JLR is on track to invest around £3.5billion in its products and facilities in the financial year to March 2015 and generates around 85 per cent of its revenue from exports.
It is also set this autumn to launch a smaller family sports saloon - the XE - to take on BMW's ‘bread and butter’ 3-series.
On to riches: Jaguar Land Rover posted its best-ever half-year sales. Sales of Land Rovers - including the flagship Range Rover - sales were up 14 per cent to 196,785
JLR group sales director Andy Goss said: ‘It is very encouraging to see both of our Jaguar and Land Rover brands delivering such strong performances for the first half of 2014.
‘Jaguar Land Rover continues to deliver on its strategic growth plans, which will see the company investing in 50 new product actions over the next five years.’
This includes £1.5 billion to introduce an all-new aluminium structure for all future models, beginning with the new Jaguar XE premium saloon to be manufactured from 2015 at the company's Solihull factory.
Earlier this week Rolls-Royce and its parent company BMW announced record half-year sales, while Bentley sales in the first six months of this year have risen 23 per cent on the back of a boom in sales to China where they are up 61 per cent.
Most watched Money videos
- The new Volkswagen Passat - a long range PHEV that's only available as an estate
- Paul McCartney's psychedelic Wings 1972 double-decker tour bus
- Mini unveil an electrified version of their popular Countryman
- Iconic Dodge Charger goes electric as company unveils its Daytona
- BMW's Vision Neue Klasse X unveils its sports activity vehicle future
- How to invest for income and growth: SAINTS' James Dow
- Steve McQueen featured driving famous stunt car in 'The Hunter'
- German car giant BMW has released the X2 and it has gone electric!
- MG unveils new MG3 - Britain's cheapest full-hybrid car
- How to invest to beat tax raids and make more of your money
- BMW meets Swarovski and releases BMW i7 Crystal Headlights Iconic Glow
- Skoda reveals Skoda Epiq as part of an all-electric car portfolio
- Barclays profits hit by subdued mortgage lending and...
- MARKET REPORT: Meta sheds £130bn value after AI spending...
- BHP launches £31bn bid for Anglo American: Audacious...
- Unilever in talks with the Government about ice-cream...
- PWC partners choose another man to become their next leader
- Sitting ducks: Host of British firms are in the firing...
- Anglo-American will not vanish without a fight, says ALEX...
- Unilever sales jump as consumer giant eases price hikes
- BHP swoops on rival Anglo American in £31bn mining megadeal
- Sainsbury's enjoys food sales boost months after...
- BUSINESS LIVE: Barclays profits slip; Sainsbury's ups...
- WH Smith shares 'more for patient money than fast bucks',...
- LSE boss David Schwimmer in line for £13m pay deal...
- AstraZeneca lifted by blockbuster oncology drug sales
- Ten stocks to invest in NOW to profit from Rishi's...
- Sainsbury's takes a bite out of rivals: We're pinching...
- WPP revenues shrink as technology firms cut advertising...
- Meta announces it is to plough billions into artificial...