The most profitable Range Rover, Range Rover Sport and Defender models accounting for 77% of the orders.
Jaguar Land Rover (JLR) has started this fiscal year with a bang, revealing encouraging numbers for the second quarter of FY24, which ended on 30th September 2023. A significant boost in sales volume highlights JLR’s ongoing success, largely thanks to improvements in the manufacturer’s supply chain, enabling them to get more vehicles into the hands of eager customers. During this period, JLR witnessed wholesale volumes of 96,817 units, marking a 29% jump from the same quarter of the previous year. Even more impressive, this figure represents a 4% growth from the quarter ending in June 2023, despite a regular two-week summer plant hiatus. Additionally, JLR’s first-half wholesale volumes reached an impressive 190,070, showing a consistent 29% growth year-on-year.
On the retail front, they recorded sales of 106,561 units for Q2, a 21% increase from the previous year. It’s worth noting the geographical spread of this growth too, with overseas sales growing by a whopping 56%. This is followed by North America at 32%, Europe at 16%, the UK at 9%, and China, with a 7% boost. Boasting 168,000 client orders by the end of Q2, JLR’s popular models, the Range Rover, Range Rover Sport, and Defender, made up a significant 77% of these orders. As we anticipate the full financial results from JLR at the start of November, a sneak peek indicates a promising positive free cash flow of approximately £300 million for Q2 FY24. View all Jaguar Land Rover vehicles currently for sale on duPont REGISTRY by clicking the link below.
Source: Jaguar Land Rover (JLR)
