Jaguar, Land Rover Sales Speed Ahead in China
Oct 10th 2013 12:58PM
Updated Oct 10th 2013 1:00PM
Tata Motors' 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).
The article Jaguar, Land Rover Sales Speed Ahead in China originally appeared on Fool.com.Fool contributor Justin Loiseau has no position in any stocks or cars mentioned. You can follow him on Twitter, @TMFJLo, and on Motley Fool CAPS, @TMFJLo. The Motley Fool has no position in any of the stocks mentioned. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
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