Jaguar Land Rover Annual Sales Down By 23.4% In 2020
The first week of January saw many premium brands sharing sales numbers for 2020. Of course, it was mostly bad news, except for some silver linings in terms of recovery in the latter part of the year and some increases in electric car sales for Daimler and Volvo Cars. Today we’re looking at Jaguar Land Rover sales for the year 2020 and the story is quite similar.
Overall, Jaguar Land Rover ended 2020 with 425,974 units sold, 23.6% fewer cars than they sold in 2019. This is a much steeper drop in sales versus what we saw with Volvo Cars and Daimler, who saw a drop of 6.2% and 10.3% respectively. It’s also worth noting that Jaguar Land Rover had a smaller volume of sales than Volvo Cars despite combining sales of two brands.
Here’s the press release with more on their 3rd and 4th quarter recovery, as well as their more electrified product portfolio.
PRESS RELEASE
Jaguar Land Rover marked the end of 2020 with a second successive quarter-on-quarter recovery in sales, despite the continuing impact of Covid-19.
Retail sales for the quarter ending 31 December 2020 were 128,469 vehicles, 13.1% higher than the 113,569 vehicles sold in the preceding quarter, but down 9.0% on the same period last year. China sales were particularly encouraging, up 20.2% on the prior quarter and 19.1% year-on-year. Retail sales in most other regions also continued to recover and were up significantly on the prior quarter in North America (+31.7%), Overseas (+26.6%) and Europe (+20.5%). However, sales in these regions have not yet recovered to pre-Covid levels with sales for the quarter lower than a year ago in North America (-17.2%), Overseas (-20.0%), Europe (-16.3%) and the UK (-8.9%).
The sales ramp-up of the new Land Rover Defender saw retails rising to 16,286 vehicles in the October to December quarter, up 66.0% on the preceding quarter with sales of the shorter wheelbase Defender 90 having started. For Jaguar, retail sales of the multi award-winning all-electric I-PACE were up 69.3% year-on-year with 7,807 sold in the quarter, as demand for electric vehicles continues to grow.
For the calendar year 2020, Jaguar Land Rover retail sales were 425,974, down 23.6% on 2019, reflecting the industry impact of Covid-19 particularly in the first half of the year when plants were shut down for more than two months. However, the company has since seen sales increase quarter-on-quarter by over 53% in the quarter ended 30 September, followed by the 13.1% increase in the most recent quarter.
In response to strengthening global demand, Jaguar Land Rover has continued to roll out its exciting new range of 21 Model Year vehicles, incorporating the very latest technologies. The company remains committed to its electrification strategy and has a growing portfolio of electrified Jaguar and Land Rover vehicles, embracing fully electric, plug-in hybrid (PHEV) and mild hybrid (MHEV) vehicles, as well as continuing to offer the latest diesel and petrol engines, giving its customers even more choice. Following the significant expansion over the year, electrified options now extend to 12 models across the Jaguar and Land Rover portfolios, with PHEV available on 8 vehicle lines and MHEV on 11, as well as the all-electric Jaguar I-PACE.
With sales of new electrified vehicles including the Land Rover Discovery Sport and the Range Rover Evoque PHEVs ramping up through the October to December quarter, a total of 53% of the company’s retail sales for the three-month period were electrified. This included 6.1% all-electric, 5.5% PHEV and 41.4% MHEV.
This brings the share of electrification to 43.3% of the company’s sales for 2020, with that figure poised for further growth in 2021 and beyond.
About the Author
Subhash Nair Written work on dsf.my. @subhashtag on instagram. Autophiles Malaysia on Youtube.
Related Posts
Nio ET7 2024 Released Starting From 428,000 Yuan, Malaysian Launch Soon? →
Toyota Introduces The All-New Yaris G Limited Edition In Malaysia For RM99,600 →
Meet The Lamborghini Urus SE, The First Plug-In Hybrid Super SUV →
