UK record car sales fuel JLR success
Tuesday, February 23, 2016
JLR said sales in the country rose 22% to 100,787, making the UK the biggest market for the luxury carmaker. The company reported strong sales of the Jaguar XE and XF as well as the Range Rover Sport and Range Rover Evoque.
New car sales reached an all-time high in Britain in 2015 as improving consumer confidence, wage growth and low-interest finance deals from manufacturers boosted the market. A total of 2.63m new cars hit the UK’s roads an increase of 6.3% on 2014 and above the previous record of 2.58m, set in 2003.
The head of the Society of Motor Manufacturers and Traders (SMMT), which provided the figures, said the British market had a remarkable period of growth. New car sales in December were also a record, rising by 8.4% year-on-year to 180,077 vehicles. It is only the fourth time UK car sales have surpassed 2.5m in a calendar year.
Last year also saw record figures for Britain’s biggest car maker, Jaguar Land Rover, which achieved record UK sales of more than 100,000.
Source: Warwickshire Government Website