FRANKFURT -- The F-Pace, Jaguar’s first crossover, will be priced from $43,385 when it goes on sale in May as the luxury brand enters a key segment and aims to significantly boost U.S. sales.
The initial entry-level model with a 3.0-liter V-6 will produce 340 hp, while a 380-hp version of the same engine will start at $57,695, Jaguar said Monday.
A 2.0-liter diesel version with a base price of $41,895 will be available in September 2016. All prices include a shipping charge of $995.
Jaguar plans to market only all-wheel-drive variants of the crossover in the U.S.
The F-Pace gives Jaguar a vehicle to compete in the growing luxury crossover market that brand executives estimate will grow 40 percent to 1.2 million vehicles in four years.
“It will allow us to shift further to younger, more female and more connected customers with 90 percent of the people coming from Audi, Mercedes-Benz, BMW and Porsche,” said Steven De Ploey, Jaguar’s global marketing strategy director.
U.S. sales of compact premium crossovers have surged 53 percent to 174,847 this year through August. Overall, premium crossover demand has increased 18 percent to 522,687 vehicles in the U.S. this year.