Jaguar Land Rover reports surge in sales
Jaguar Land Rover, owned by Indian giant Tata, has today revealed that sales of Jaguar's increased by 5% last month with sales of Land Rovers rising by an impressive 45%. This is a company which was recently at the centre of a tug of war between its parent company and the UK government which refused to sanction a bridging loan when the UK car industry was at its lowest point.
However, it is ironic that the increase in sales at Jaguar Land Rover is probably the result of the introduction of the UK government's car scrappage scheme, which has been a monumental success. Unfortunately, the scheme is now coming to an end and we saw an announcement from the UK government confirming that the remaining funding will be allocated to specific car manufacturers depending upon their sales volumes. Whether this scheme will be introduced again in the future remains to be seen but it has certainly been one of the biggest successes in the UK car industry for many years.
Even though there are fears that demand could literally fall off a cliff when the car scrappage scheme ends there are hopes of an overall recovery in the sector which should at least take up some of the slack left when the scrappage scheme ends.
Share this..
Related stories
financialAdvice.co.uk looks at 5 ways to Save in 2013
2012 was an unforgiving year for many. The economy failed to make any major bounds forward meaning businesses continued to struggle, and this was passed onto the consumer. For many people the idea of saving would have been ever-present, but the reality of being able to achieve any sort of sizable monthly contributions to the piggy bank, much further away. Now that we are in January and Chri...
Read MoreGeorge Osborne urges the Bank of England to cut interest rates next week
All political parties, business associations and consumer interest groups have joined in urging the Bank of England to cut UK base rates next week in a move to try and relieve some of the pressure on business and consumers. Some are calling for a half point cut, and more, in order to have any meaningful impact on the UK economy. If the Bank decided to retain rates at current levels we are highly l...
Read MoreUK workers set for jobs rally
Thousands of workers in the Midlands are set to protest at the UK government's handling of the economic crisis with a march organised in Birmingham. The area has suffered dramatically during the ongoing recession with one in 10 people in the Midlands now unemployed amid concerns that the UK government has been slow to react to the crisis and less than forthcoming with much new capital investment.<...
Read MoreJob cuts on the way in public and private sector
A survey by the Chartered Institute of Personnel and Development has given an insight into what we can expect in the first half of 2010. The revelation that overall one in four employers is planning job cuts is alarming in itself but this figure rises to one in three for the public sector. It seems that despite the fact that the UK economy has "moved out of recession" we will see unemployment in t...
Read MoreAviva policyholders set for £500 million payout
In February last year Aviva, the UK insurance giant, offered to pay out £1 billion to policyholders who agreed to give up their future rights to a share of the company's orphan fund. The fund in question was valued at £4.2 billion in February 2008 although it has since fallen to a value of £1.2 billion. Due to a legal challenge by a number of policyholders, the original scheme was put on hold a...
Read More