Jaguar, Land Rover Sales Speed Ahead in China

Tata Motors' (NYSE: TTM  ) Jaguar Land Rover sales continued to grow in September, according to a volume report released today.

Overall retail sales for the two luxury lines were up a seasonally adjusted 17% year-over-year, reaching 43,181 units in September. Fiscal year-to-date (beginning in April), sales are up 15.8%. Both numbers are positive signs for Tata, though September's sales didn't keep up the momentum of August's 27.6% year-over-year growth.

Digging deeper, Land Rover sales have lagged compared to those of Jaguar. FY-to-date sales are up just 11% for Land Rover, compared to a 41.8% jump for Jaguar. Land Rover sales are much larger than Jaguar sales on a unit basis: 159,880 Land Rover sales in the fiscal year so far compared to 37,483 Jaguars.

For both brands, September sales grew the most YOY in China. While Land Rover sales are up a seasonally adjusted 29.9%, Jaguar retail roared ahead 217.5%, jumping from 519 last September to 1,648 this September in China.  

In absolute numbers, Jaguar has sold the most vehicles in North America for this fiscal year (9,570), while Land Rover has fared most favorably in China (36,396).

link


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.

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: 2676883, ~/Articles/ArticleHandler.aspx, 8/20/2014 2:59:22 AM

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...


Advertisement