Jaguar Land Rover records sales and profits boom

Jaguar Land Rover achieved record sales and profits during the past quarter of 2013, consistent with figures released by the corporate. Profits to the period soared to £955 million, leaping by £422 million during the last three months of 2012. Before taxes, JLR experienced a profit margin of 17. 9 per cent, which will probably be the very best inside the car industry. It outstrips even Ferrari’s recently announced 16 per cent margin. Jaguar and Land Rover sold a combined 113, 000 vehicles, 27 per cent greater than a similar period in 2012. Company revenues rose to £5. 3 billion, a hike around 25 per cent. Having a quarterly profit of £619 million after tax, JLR now appears to be covering its massive R&D budget from day-to-day profits. Land Rover’s retail volumes rose by 16, 000 to 93, 000. Jaguar’s sales climbed 7000 units, a 59 per cent lift. Land Rover experienced a notable increase sought after to the Evoque. This model and big jumps sought after to the new Range Rover and Range Rover Sport are the most impetus behind the rise in profits. Just the Discovery had falling sales, down by slightly below ten per cent.  At Jaguar, the retail volumes to the aging XF rose from 8000 to 12, 000 units and also the XJ was up from 3000 to 5000 units. F-type sales, before the launch from the coupé, are running with a useful annualised 8000 units or so. China is now JLR’s biggest market, with sales between October and December 2013 running at 29, 000 units.   Jaguar Land Rover records sales and profits boom