JLR Posts Impressive Q4 And Year-To-Year Figures

The financial year 2023-2024 was a home run for Jaguar Land Rover as the luxury carmaker has revealed sales are up by a healthy 20 per cent.

A deep dive into the final quarter’s sales reveals that, excluding the Chery Jaguar Land Rover China Joint Venture, wholesale figures reached 110,190 units, marking a 16 per cent increase from the same period last year and a nine per cent rise from the quarter ending 31 December 2023. 

Breaking it down by brand, there was notable growth in wholesale numbers compared to the previous year; Range Rover sales soared by a whopping 22 per cent to 58,280 units, while Jaguar experienced an even bigger increase with a mammoth 39 per cent rise to 13,528 units, 

Defender and Discovery sales were more modest, with an increase of five per cent to 28,702 units and one per cent to 9,680 units, respectively.

For retail sales, these grew 11 per cent year-on-year to 1,14,038 units in Q4 and they’re up 32 per cent year-on-year in the UK, 21 per cent in the US and 16 per cent overseas. They declined 9% in China and two per cent in Europe.

The news caps off what was an extremely successful year for the manufacturer, with multiple major announcements concerning the brand’s further expansion into the EV market

The news saw the share price of JLR parent company Tata Motors grow by 0.59 per cent, with investors buoyed by the promising figures.

This was followed by the announcement of upcoming EVs, including an all-electric version of the iconic Fifth-Generation Range Rover, an electric version of the Range Rover Sport, a Velar, an Evoque and two upcoming Jaguars. Exciting times for all involved!

Do you own a Range Rover or Land Rover? Then you’ve come to the right place as here at 4×4 Engine Rebuilds, we specialise in the service and repair of these vehicles. 

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