
The crossover and sport utility vehicle (SUV) segments of the car market have been a salvation for the sales of manufacturers across the industry this year. In Jaguar’s case, the news is even better than that. Its sales tripled in April, due primarily to the surge in demand for its F-Pace SUV.
Jaguar’s sales reached 3,230 units, a 197% increase from 1,087 units in April 2016. The Jaguar F-Pace sold 1,377 units, which made it the brand’s volume leader for the month.
The F-Pace is near, but not at, the high end of the SUV market. With a base price of $42,065, it competes with the Porsche Macan, Audi Q5, BMW X3 and Acura RDX. All have similar base prices. And each can reach a price of $70,000 with larger engines and expensive luxury and safety features.
Jaguar has benefited from reviews and awards for the F-Pace. It is new to the market, and its engineers and marketing teams have fielded a vehicle that is often near the top of its class, generally with the Porsche Macan. The success of each is unusual since they are made by relatively small car companies.
If F-Pace sales continue at rates similar to April, Jaguar will post triple-digit sales increases throughout the year.
It’s Your Money, Your Future—Own It (sponsor)
Retirement can be daunting, but it doesn’t need to be.
Imagine having an expert in your corner to help you with your financial goals. Someone to help you determine if you’re ahead, behind, or right on track. With SmartAsset, that’s not just a dream—it’s reality. This free tool connects you with pre-screened financial advisors who work in your best interests. It’s quick, it’s easy, so take the leap today and start planning smarter!
Don’t waste another minute; get started right here and help your retirement dreams become a retirement reality.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.