JLR Sold 101,043 Cars Betw Oct-Dec 2023, Sees High Demand For N350m Range Rover, Range Rover Sport And Defender

JLR Sold 101,043 vehicles betw Oct-Dec 2023, sees high demand for N350 million Range Rover, Range Rover Sport and Defender.

During the three-month period to 31 December 2023, wholesale volumes reached 101,043 units (+27 percent).

Between October and December, sales of Range Rover Sport, new Range Rover and Defender up +49%, +12% and +14% respectively. 

Demand for Range Rover, Range Rover Sport and Defender models remains strong, accounted for 76% of the orders.

Retail volumes higher in all regions year-on-year : Overseas up 56%, North America up 32%, Europe up 16%, UK up 9% and China up 7%.

Range Rover Sport

JLR this week reported an increase in sales volumes as well as high demands for its most profitable models during the third quarter of FY24 (i.e the brand’s three-month period to 31 December 2023).

During this period, wholesale volumes reached 101,043 units (excluding the Chery Jaguar Land Rover China JV), up 27% compared to the same quarter a year ago and up 4% compared to the quarter ended 30 September 2023.

Between October and December, 16,921 (+49%) units of Range Rover Sport were sold, 18,843 (12%) new Range Rover were delivered to customers, while Defender sales reached 27,117 (+14%), compared to the quarter ended 31 December 2022.

Land Rover Defender

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Range Rover

According to the British luxury marque, demand for the flagship Range Rover – which starts at N350 Million in Nigeria, Range Rover Sport and the Land Rover Defender remains particularly strong, representing 76% of the order book.

Retail volumes were higher in all regions year-on-year, according to JLR with home market (UK) sales up 55%, while sales in overseas, China, Europe and North America were all up by 49%, 28%, 27% and 6%, respectively.

Wholesale volumes for the financial year to date were 291,113, up 28% compared to the prior year. Tata Motors-owned luxury marque said it will report full financial results for Q3 FY24 at the beginning of February.

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