Quotes: MENA   Enter Symbol: NewsLetter: Search: advanced

Jaguar Land Rover MENA sees 36 sales growth in 2013-14 fiscal year  Join our daily free Newsletter

MENAFN - Muscat Daily - 07/05/2014
No. of Ratings : 0
Add to Mixx!



(MENAFN - Muscat Daily) Jaguar Land Rover, the leading manufacturer of premium luxury vehicles, has once again seen strong growth in the MENA region, posting a 36 per cent YOY sales increase for the fiscal year April 2013 to March 2014.

The results are a continuation of the manufacturer's year on year record breaking sales performance, with growth exceeding that of the overall premium passenger and SUV segments in the region. Bruce Robertson, managing director for Jaguar Land Rover MENA, said, ''In a fiscal year when we introduced our strongest and most comprehensive line-up to date, whilst being awarded the most accolades in the company's history, our performance in MENA is a phenomenal achievement, and one which firmly places us in the top five markets for Jaguar Land Rover globally.''

He said, ''I am particularly proud that we have outperformed our competitors by delivering growth that surpasses the overall premium passenger car and SUV segments. It is a testament to our stunning portfolio of products, unrelenting focus on design and technology, and dedication to exceptional customer service.''

Led by the continued popularity of the flagship Jaguar XJ, the luxury brand delivered record sales, up 21 per cent, April 2013 to March 2014 versus the previous fiscal. In addition, Jaguar saw the highest ever monthly sales recorded in March 2014, up 40 per cent versus March 2013, a significant achievement for the British marque in MENA.

The successful introduction of the award winning Jaguar F-TYPE convertible also contributed to Jaguar's MENA performance, with order banks for the hotly anticipated F-TYPE Coupe, the most dynamically capable, performance- focused, production Jaguar ever, already exceeding expectations ahead of its impending arrival in regional showrooms.

Likewise, Land Rover proved that the region's appetite for its luxury SUVs shows no sign of abating, with a 39 per cent increase in sales, making MENA the third fastest growing market and the fifth largest market for the brand globally. Introduced in 2013, sales of the Range Rover Sport were up by 40 per cent, making a significant contribution to the brand's strong fiscal performance. Sales of the flagship Range Rover also grew by an impressive 119 per cent, with demand continuing to outstrip supply due to the overwhelming popularity of the vehicle which has led to longer waiting lists for new vehicle orders.

Notably, Land Rover MENA saw growth across all nameplates including the Range Rover Evoque, as well as the Land Rover Discovery/LR4 and Freelander/LR2, resulting in an overall increase in market share across the region, with sales records achieved across the GCC and North Africa including KSA, Kuwait, Qatar, the UAE and Morocco. The results mean Land Rover now significantly outsells all European, premium SUV manufacturers in the region<


 


Muscat Daily




  MENA News Headlines
 Aug 28 2015 - UAE's DP World profits logs 22 percent growth in H1MENAFN
(MENAFN) Global marine terminal operator DP World declared a surge of 22 percent in its net profit in the first six months, recording USD405 million compared to USD322 million in 2014, plus total ...

 Aug 28 2015 - Oman's fiscal deficit to expand at 12 percent of GDPMENAFN
(MENAFN) Oman's very high economic dependence on gas sector is going to add pressure to the public finance in 2015-16, although it has an ongoing solid economic growth.Meanwhile, the country's fiscal ...

 Aug 28 2015 - Saudi's foreign reserves shrink down 0.5 percent in JulyMENAFN
(MENAFN) The world's largest oil exporter has begun issuing domestic debt aiming at covering part of a budget deficit cause by low oil prices, and the result was that the speed of deterioration in ...

 Aug 28 2015 - UAE cuts September petrol prices as global oil fallsGulf Times
(MENAFN - Gulf Times) The UAE cut petrol and diesel prices by between 8% and 9% for September, the second month during which the Middle Eastern country, Opec's fifth-largest oil producer, removed ...

 Aug 28 2015 - Algeria targets hidden $40bn amid ignored oil-price pleasGulf Times
(MENAFN - Gulf Times) Day and night, trucks trundle the 10 miles from Algiers port to the suburb of Semmar, where workers unload and stack goods that will feed into a vast black market.Merchants pack ...

 Aug 28 2015 - Egypt power choices appease public, but squeeze industryGulf Times
(MENAFN - Gulf Times) Far fewer Egyptians are complaining about the kind of power cuts that fuelled unrest in the past but government energy policies apparently focused on appeasing the public are ...

 Aug 28 2015 - Saudis seek guidance on economy as stocks gyrateGulf Times
(MENAFN - Gulf Times) Saudi plastic surgeon and stock-market investor Sami al-Harki is looking for help.Al-Harki already lost 40% on his shares, but doesn't want to sell before the Saudi government ...

 Aug 28 2015 - US- Short-handed Giants beat CubsGulf Times
(MENAFN - Gulf Times) Joe Bochy, a San Francisco Giants scout, is in town to help evaluate the club on this homestand. Maybe he can turn in a report on his kid brother, Bruce.When you win with a ...

 Aug 28 2015 - Jordan- Rania: Muslims must do more to counter ISGulf Times
(MENAFN - Gulf Times) Queen Rania of Jordan said yesterday that moderate Muslims were not doing enough to fight against IS militants and their "diabolical ideology". Speaking at a major French ...

 Aug 28 2015 - Abbas heats up Palestinian politics in PLO reshuffle bidGulf Times
(MENAFN - Gulf Times) President Mahmoud Abbas is acting to shake up Palestinian politics, with peace talks with Israel in deep freeze and unity efforts with Hamas Islamists who run the Gaza Strip ...

more...


 






Google

Click to Apply

 
 

Middle East North Africa - Financial Network

MENAFN News Market Data Countries Tools Section  
 

Middle East North Africa - Financial Network
Arabic MENAFN

Main News
News By Industry
News By Country

Islamic Finance News
Private Equity News

How-To Guides
Technology Section

Travel Section

Search News

Market Indices
Quotes & Charts

Global Indices
Arab Indices

Commodoties

Oil & Energy

Currencies Cross Rates
Currencies Updates
Currency Converter

USA Stocks
Arab Stocks
 

Algeria 
Bahrain 
Egypt 
Iraq
Jordan 
Kuwait 
Lebanon
Morocco 
Oman 
Palestine
Qatar 
Saudi Arabia 
Syria
Tunisia 
UAE 
Yemen

Weather
Economic Calendar
Financial Glossary


Financial Calculators

RSS Feeds [XML]

Corporate Monitor

Events

Real Estate
Submit Your Property

Arab Research
Buy a Research

Press Releases
Submit your PR

Join Newsletters


 
© 2014 menafn.com All Rights Reserved.  Terms of Service | Privacy Policy | Contact Us | Advertise | About MENAFN | Career Opportunities | Feedback | Help