Recovery in luxury car market motors on

MAGNUS GRIMOND

The recovery amongst Britain's luxury car makers has continued into 1996 with Rolls-Royce reporting a 12 per cent rise in volumes so far this year and Jaguar announcing plans for a big increase in Japanese sales.

Rolls-Royce Motor Cars said it had sold 396 cars across the world in the first three months of the year, up from 353 in the first quarter of 1995. Sales were up in all areas except Japan and continental Europe, the company said. In Japan, 30 cars were sold in the first quarter of 1996 compared with 35 in the same period of 1995. On the Continent, sales totalled 42 cars in the latest period, down from 55 in the same period a year ago.

The overall figures continue a trend of rising sales seen last year, when Rolls launched its most expensive car ever, a pounds 220,000 Bentley. Sales in 1995 of 1,556 cars represented a 10 per cent increase on the year before. The recovery at the luxury car subsidiary from losses in 1991/92 has helped drive much of the profits growth at Vickers. The tanks to baby incubators group headed by chief executive Sir Colin Chandler reported 1995 profits up two-thirds to pounds 75m last month, with the automotive side almost doubling from pounds 21m to pounds 40.9m. However, Rolls-Royce sales were still only around half the level of 1990, before the subsidiary hit problems.

Separately, Jaguar Japan, a subsidiary of Ford's British luxury car maker, said it hoped to boost local vehicle sales to 8,000 units a year by 1999 from around 2,500 at present. It said it planned to double its sales outlets to 80 by 1999 to support the forecast sales growth.

The announcement is further good news for the West Midlands-based car maker, which last month won pounds 72m in Government aid to support the manufacture of a new model in the UK.

The X200 mid-range Jaguars will be built on new assembly lines at the company's Castle Bromwhich works and are set to go on sale in 1998.

Start your day with The Independent, sign up for daily news emails
ebooks
ebooksAn introduction to the ground rules of British democracy
Latest stories from i100
Have you tried new the Independent Digital Edition apps?
SPONSORED FEATURES
Independent Dating
and  

By clicking 'Search' you
are agreeing to our
Terms of Use.

iJobs Job Widget
iJobs Money & Business

Guru Careers: Tax Manager / Accountant

£35 - £50k DOE: Guru Careers: A Tax Manager / Accountant (ACA / CA / CTA) is n...

Ashdown Group: Contracts Executive - City of London

£35000 - £37000 per annum + benefits: Ashdown Group: Contracts Executive - Cit...

SThree: Trainee Recruitment Consultant

£20000 - £25000 per annum + OTE £45K: SThree: SThree Group have been well esta...

Recruitment Genius: Call Centre Debt Collector - Multiple Roles

£21000 per annum: Recruitment Genius: This is an exciting opportunity to join ...

Day In a Page

Giants Club: After wholesale butchery of Idi Amin's regime, Uganda’s giants flourish once again

Uganda's giants are flourishing once again

After the wholesale butchery of Idi Amin's regime, elephant populations are finally recovering
The London: After 350 years, the riddle of Britain's exploding fleet is finally solved

After 350 years, the riddle of Britain's exploding fleet is finally solved

Archaeologists will recover a crucial item from the wreck of the London which could help shed more light on what happened in the vessel's final seconds
Airbus has patented a jet that could fly from London to New York in one hour

Airbus has patented a jet that could fly from London to New York in one hour

The invention involves turbojets and ramjets - a type of jet engine - and a rocket motor
Tate Sensorium: New exhibition at Tate Britain invites art lovers to taste, smell and hear art

Tate Sensorium

New exhibition at Tate Britain invites art lovers to taste, smell and hear art
10 best sun creams for kids

10 best sun creams for kids

Protect delicate and sensitive skin with products specially formulated for little ones
Ashes 2015: Nice guy Steven Finn is making up for lost time – and quickly

Nice guy Finn is making up for lost time – and quickly

He was man-of-the-match in the third Test following his recall to the England side
Ashes 2015: Remember Ashton Agar? The No 11 that nearly toppled England

Remember Ashton Agar?

The No 11 that nearly toppled England
Turkey-Kurdish conflict: Obama's deal with Ankara is a betrayal of Syrian Kurds and may not even weaken Isis

US betrayal of old ally brings limited reward

Since the accord, the Turks have only waged war on Kurds while no US bomber has used Incirlik airbase, says Patrick Cockburn
VIPs gather for opening of second Suez Canal - but doubts linger over security

'A gift from Egypt to the rest of the world'

VIPs gather for opening of second Suez Canal - but is it really needed?
Jeremy Corbyn dresses abysmally. That's a great thing because it's genuine

Jeremy Corbyn dresses abysmally. That's a great thing because it's genuine

Fashion editor, Alexander Fury, applauds a man who clearly has more important things on his mind
The male menopause and intimations of mortality

Aches, pains and an inkling of mortality

So the male menopause is real, they say, but what would the Victorians, 'old' at 30, think of that, asks DJ Taylor
Man Booker Prize 2015: Anna Smaill - How can I possibly be on the list with these writers I have idolised?

'How can I possibly be on the list with these writers I have idolised?'

Man Booker Prize nominee Anna Smaill on the rise of Kiwi lit
Bettany Hughes interview: The historian on how Socrates would have solved Greece's problems

Bettany Hughes interview

The historian on how Socrates would have solved Greece's problems
Art of the state: Pyongyang propaganda posters to be exhibited in China

Art of the state

Pyongyang propaganda posters to be exhibited in China
Mildreds and Vanilla Black have given vegetarian food a makeover in new cookbooks

Vegetarian food gets a makeover

Long-time vegetarian Holly Williams tries to recreate some of the inventive recipes in Mildreds and Vanilla Black's new cookbooks