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The premium luxury vehicles manufacturer has reported its best ever March retail sales, closing off a record-breaking month, quarter and financial year.
Global sales in March 2016 totalled 75,303 vehicles, up 29% year-on-year. The manufacturer sold 158,813 vehicles in the first three months of 2016, up 28% compared with the same period in 2015.
Retail sales in March 2016 were up across all regions; Europe (+49%), China (+43%), North America (+33%) and the UK (+16%). Other overseas markets were up 17% year-on-year.
Jaguar Land Rover delivered 521,571 vehicles in fiscal 2015/16, +13% on the previous year, representing the company’s strongest performing fiscal year ever.
“We have brought out exciting new premium cars, new technologies, and we have broadened the appeal of our cars, making them even more desirable and delivering what our global customers really want”, said Andy Goss, Jaguar Land Rover Group Sales Operations Director.
Marking its best March yet, Land Rover delivered 60,128 vehicles in the month, up 22% year-on-year. Best-sellers for the month were the Discovery Sport (16,937 vehicles), the Range Rover Evoque (15,904 vehicles) and the Range Rover Sport (11,003 units). Calendar year-to-date sales for Land Rover reached 128,959 vehicles, 23% up on the prior year.
Jaguar also recorded its best ever March, delivering 15,175 vehicles, up 62% on the previous year, thanks to continued solid sales of the XE (6,521 vehicles) and the all-new XF (5,331 vehicles). Jaguar recorded significant year-on-year growth across all five of its key regions, with Europe excelling, up 151%. Calendar year-to-date sales for Jaguar were 29,854, up 54% year-on-year.
Over the past five years, Jaguar Land Rover has doubled sales and employment, more than tripled turnover, and invested over US$16.88 billion in new product creation and capital expenditure.
The premium automotive manufacturer is to invest over US$4.2 billion in its products and facilities, and plans around fifty product actions over the next five years.