UPDATED: 1/12/14 9:02 pm ET - adds details
DETROIT -- Jaguar Land Rover notched its best full year global sales performance in 2013, selling 425,006 units, a 19 percent gain over 2012, the company said Sunday.
With sales climbing, owner Tata Group of India will increase capital expenditures in 2014, Andy Goss, group sales operations director, told reporters on the eve of the auto show.
Jaguar Land Rover will invest $5.8 billion to $6.1 billion this year, compared to $4.5 billion in 2013. A key goal will be to increase capacity, he said.
"We've got more sales opportunities than supply now," Goss said.
The automaker plans to open an engine plant in England and a joint venture plant with Chinese automaker Chery this year. It will continue work on a Brazilian plant scheduled to start production in 2016, he said.
Also on tap is an advanced aluminum vehicle architecture that will debut in a sports sedan in 2015, Goss said.
Jaguar Land Rover reported strong growth in all major regions, with records in markets including Russia, Brazil, Korea and Canada. Regional performance for the full year was as follows:
- Asia Pacific and China -- up 30 percent. With 95,237 units, China was the company's largest market in 2013.
- North America -- up 21 percent
- The United Kingdom -- up 14 percent
- Europe -- up 6 percent
- Other overseas markets -- up 23 percent.
Ralf Speth, Jaguar Land Rover CEO, in a statement cited the launches of the Jaguar F-type and Range Rover Sport as key contributors to the increase.
The Jaguar brand recorded a 42 percent year on year increase in sales, selling 76,668 vehicles in 2013 -- its strongest full-year sales performance since 2005, the company said. Jaguar sold 53,847 vehicles in 2012. Aside from the F-type, the XF, an enhanced engine lineup and introduction of all-wheel drive bolstered sales.
Jaguar delivered year-on-year increases in every major region with North America, now the brand's top selling region, posting a 44 percent increase.
The Land Rover brand set a global annual sales record retailing 348,338 vehicles in 2013, up 15 percent on the prior year following record sales of the Range Rover and Range Rover Evoque. In 2012, Land Rover sold 303,926 vehicles.
Sales were up for Land Rover in every major region with annual sales records set in 42 markets, including the UK, U.S., Brazil and India.
In the United States, the Jaguar brand was up 41 percent in 2012 with sales of 16,952 units. The Land Rover brand posted sales of 50,010 units, a 15 percent increase.
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