New Models Boost Jaguar Land Rover Sales
Photo courtesy of Jaguar Land Rover.
Jaguar Land Rover increased global retail sales 16% to 132,700 in the quarter ending June 30 on the strength of three new models, the United Kingdom-based automaker reported.
Sales of the Jaguar XE, Jaguar F-Pace, and Land Rover Discover Sport helped the automaker achieve the growth. Jaguar Land Rover has been revamping much of its lineup with the 2016 and 2017 model years. The company has also made a greater push into corporate sales in the U.S. by introducing a fleet program.
In the quarter, sales of Jaguar vehicles increased 76% to 31,800, while sales of Land Rover vehicles increased 4% and exceeded 100,000 units for the first time.
The company also opened a new manufacturing facility in Rio de Janeiro that will produce the Range Rover Evoque and Land Rover Discovery Sport.