Jaguar Land Rover achieved record global sales in 2017 while its next-door neighbour at Gaydon, Warwickshire, Aston Martin sold 5,117 sports cars last year amid sell-out demand for its DB11 model.
Despite tough conditions in some key markets, Jaguar Land Rover achieved its best ever full-year global sales in 2017 with retail sales of 621,109 vehicles, up 7% on the prior year. The company’s seventh successive year of sales growth was driven by the introduction of new models, increased uptake of its Ingenium clean diesel and petrol engines and the development of its manufacturing operations around the world to increase capacity.
Jaguar sales were up 20% for the year, retailing 178,601 vehicles. Land Rover retailed a record 442,508 vehicles in 2017, up 2% on 2016. The best-seller for the year was the Discovery Sport, retailing 126,078 vehicles.
Growth for Jaguar Land Rover in China and the USA helped offset the impact of difficult market conditions in the European, UK and Overseas markets.
The UK also showed a solid performance with sales of 117,748 Jaguars and Land Rovers, on a par with the 2016 record and bucking the overall trend in the company’s domestic market.
Andy Goss, Jaguar Land Rover Group Sales Operations Director, said:
“We have once again delivered year-on-year sales increases. But we are facing tough times in key markets such as the UK where consumer confidence and diesel taxes will hit us.
Retail sales at Aston Martin saw a 58% year-on-year increase. Dr Andy Palmer, Aston Martin President and Chief Executive Officer, said:
“We continue to perform ahead of expectations, in financial performance and in meeting our targets for the DB11 and special vehicles. Phase Two of our Second Century transformation programme will be largely completed in 2018 with the introduction of the Vanquish replacement and production of the new Vantage, contributing to continued sustainable profitability at Aston Martin.”
In 2017 Aston Martin achieved its highest full-year sales volumes in nine years, driven by rising demand in North America, the UK and China.
As part of the Second Century Plan, Aston Martin is expanding its UK manufacturing footprint. The company has resumed output of special vehicles, notably the DB4GT Continuation, at its Newport Pagnell facility for the first time since 2007. And construction work is continuing at the new St Athan facility in Wales, due for completion in 2019, ahead of production of the new DBX SUV.
Aston Martin will report 2017 full-year earnings this month (March).