China Jaguar Sales up 92% in August YOY

Tata Motors (NYSE: TTM  ) says sales of its Jaguar and Land Rover vehicles continue to speed ahead.

Overall retail sales were up a seasonally adjusted 27.6% year-over-year to 27,852 vehicles in August for the Jaguar and Land Rover brands combined. The company reported a 15.4% fiscal-year-to-date increase (April to August) compared to the same period last year. Jaguar sales have soared, with a seasonally adjusted 91.7% YOY leap for August and a 43.8% YOY jump in the fiscal-year-to-date period. . As Land Rover continues to switch older models off the lot, sales managed relatively minor 18.1% gains for August, and 10.4% gains year-to-date.

Total Jaguar sales for August were 5,405 while Land Rover clocked in with 22,447.

On a country basis, China is the biggest and fastest-growing market for Jaguar Land Rover, with sales in the April to August period up 21.5% year-over-year to 35,847 vehicles. (That number is mostly Land Rovers, but the Jaguar portion jumped 123% year over year to 6,734.) North America and Europe each accounted for around 29,500 units, but their respective 19.9% and 1.5% growth doesn't come close to China's numbers.

While China is the biggest country on the block, Asia Pacific sales continue to point Tata east for its earnings. Sales are up 38% this year, with strong numbers for both Jaguar (+30%)  and Land Rover (+40 %).


Read/Post Comments (0) | Recommend This Article (2)

Comments from our Foolish Readers

Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the Report this Comment Report this Comment icon found on every comment.

Be the first one to comment on this article.

Compare Brokers

Fool Disclosure

Sponsored Links

Leaked: Apple's Next Smart Device
(Warning, it may shock you)
The secret is out... experts are predicting 458 million of these types of devices will be sold per year. 1 hyper-growth company stands to rake in maximum profit - and it's NOT Apple. Show me Apple's new smart gizmo!

DocumentId: 2632841, ~/Articles/ArticleHandler.aspx, 9/26/2016 9:55:49 PM

Report This Comment

Use this area to report a comment that you believe is in violation of the community guidelines. Our team will review the entry and take any appropriate action.

Sending report...

Today's Market

updated 39 minutes ago Sponsored by:
DOW 18,094.83 -166.62 -0.91%
S&P 500 2,146.10 -18.59 -0.86%
NASD 5,257.49 -48.26 -0.91%

Create My Watchlist

Go to My Watchlist

You don't seem to be following any stocks yet!

Better investing starts with a watchlist. Now you can create a personalized watchlist and get immediate access to the personalized information you need to make successful investing decisions.

Data delayed up to 5 minutes

Related Tickers

9/26/2016 4:02 PM
TTM $39.88 Down -1.15 -2.80%
Tata Motors CAPS Rating: ****