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.
Take This Retirement Quiz To Get Matched With A Financial Advisor (Sponsored)
Take the quiz below to get matched with a financial advisor today.
Each advisor has been vetted by SmartAsset and is held to a fiduciary standard to act in your best interests.
Here’s how it works:
1. Answer SmartAsset advisor match quiz
2. Review your pre-screened matches at your leisure. Check out the advisors’ profiles.
3. Speak with advisors at no cost to you. Have an introductory call on the phone or introduction in person and choose whom to work with in the future
Take the retirement quiz right here.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Editors' Picks
