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After two year slump, Jaguar posts sales increase

 
3 2,104 views May 16, 2008
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After two year slump, Jaguar posts sales increase

After two year slump, Jaguar posts sales increase

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Sales of the attractive and modern XF sedan along with new confidence in the brand's future are the driving forces behind Jaguar's first sales rise since July 2006 as Jaguar and sister company Land Rover change hands to new owner Tata Motors. The company sees a strong year of continued sales on the strength of pre-orders and the promise of new models and a clear direction.

The sales gain was particularly strong in Europe, where Jaguar gained 70% over April 2007, up to 4,047 from 2,386, reports Automotive News. UK demand rose by 85% in April, an important measure in Jagaur's biggest single market. More and more indicators are showing just what a good deal Tata Motors got when it purchased Jaguar and Land Rover for $2.3 billion this year.

Already Tata has released information showing Land Rover is profitable, and has hinted in the past that Jaguar would soon turn things around - though few suspected the company could do it so quickly. The future at Jaguar looks strong as well, with 18,000 orders already in the books for the XF. That many orders has production at maximum to meet the demand.

However, despite Jaguar's rise, Land Rover sales in Europe dropped nearly 15% compared to April of last year, and the brand is down nearly 13% for the year so far. The company is nevertheless confident it will continue its growth of last three years, according to a Land Rover spokesman.

Jaguar XF
Jaguar XF

HI-RES GALLERY: xf 01




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Comments (3)

  1. By Randy Posted: 5/16/2008 12:28pm PDT

    about time, didnt forbes do an article on the ten worst selling cars of 2007 and jaguar had 3 on the list, I really hope jaguar continues this increase in sales.
     
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  2. By MyWheelsOnWalls.com Posted: 5/16/2008 6:07pm PDT

    To think that their were concerns over the grill and lights not cutting the style mustard.

    Go Jaguar!!!!!!
     
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  3. By Gus Posted: 5/19/2008 11:14am PDT

    I looked at one up close at the new Aston Martin delaership here in Newport Beach.
    The back end is fantstic, the interior golden, and the front looks like a Hyundai...
    But an all around excellent car, to be sure...
     
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