Jaguar Land Rover: Prepping For End Of Year Sale (TTM) - Seeking Alpha
Jaguar Land Rover (NYSE: TTM ) reported +7. 3% growth in US retail sales for July. Compared with its peers, JLR sales growth outperformed that of Mercedes (+1%) and BMW (+2%) and only underperformed against Audi (+21%) and Lexus (+9%). Land Rover continues to be the key driver although it is worth mentioning that higher... JLR July US sale grew +7. 3% y/y to 6. 25k units driven by strong Land Rover sales growth of +7. 9% and Jaguar sales growth of 4. 6%. Range Rover Evoque remains popular amongst entry-level LR buyer with +69% y/y growth followed by +44% in... Partially driven the demand was the +13% increase in incentives for the Land Rover segment. However, it is worth highlighting that the $465 average incentive remains the lowest amongst the luxury auto peers and highlights JLR's pricing power. As for the RR, RR Sport and LR4, zero incentives are being offered. This cannot be said for Jaguar whose average incentive increased +32% y/y, driven mostly by the F-type at +115% and +27% for the XF. The weak sales growth for F-Type is concerning despite the rising incentive. Source: seekingalpha.com
