Tesla Model 3 Alone Outsold Jaguar Worldwide In July
Jaguar continues to be outsold by Tesla in July by a huge margin
In July, Jaguar sold some 10,922 cars worldwide, which is 15% less than a year ago, although 105,047 deliveries in the first seven months of 2018 is a stable result (down 2.9% year-over-year).
Jaguar’s global results are lower than Tesla in the U.S. alone though (estimated by IEVs at 16,775 at a stunning growth rate of 440%). In fact, even just the 14,250 Model 3 sold in the U.S. last month (not including Canada) outsold the entire Jaguar brand worldwide.
Tesla needs a little more time to take over Jaguar Land Rover, which sold 36,144 total units in July (down 21.6%) and 354,363 (down 2.3%) in the first 7 months of 2018, but it’s just a matter of 6-12 months we believe before Tesla will topple JLR as a whole, too.
“Retails for July were down in China (46.9%), reflecting continued market volatility in the first month of the duty change as well as trade tensions. Sales were also down in Europe (26.5%) and the UK (18.3%), impacted by the industry-wide issue of delays in WLTP certification of 2019 model year vehicles. Jaguar Land Rover has made good progress however and all its vehicles are certified or expected to be shortly. Retail sales were also down in North America (9.5%), resulting from softer industry volumes (down more than 3%) combined with foregoing some higher discounted business and later timing for new model year launches this year compared to a year ago. Sales in Overseas markets were up 8.6%.’
The first all-electric Jaguar I-PACE, which for some could be preferred overTesla Model X, noted some 223 sales in July and 418 so far since its launch
The biggest hurdle that we see for manufacturers like Jaguar is low volume of EV sales in the beginning. This makes competing a lot more difficult, especially since investment costs in all-new models are high.
#Jaguar I-Pace (all electric BEV) global retail sales July 2018:
– (418 YTD)
Customer delivers begin this month with UK customers set to receive first batch
— Matthias Schmidt (@auto_schmidt) August 13, 2018