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Jaguar Cars Sets First-Quarter Record

6 April 1998

Jaguar Cars Sets First-Quarter Record

    MAHWAH, N.J., April 3 -- Jaguar Cars today reported its
highest first quarter sales ever in the United States.  Record total sales of
5,063 sedans and sports cars for the first three months of 1998 were
6.7 percent better than the previous record of 4,744 set in 1990.  Compared
with the same period last year, total sales for the first quarter improved
12.4 percent over last year's 4,504 units.
    "It's very exciting to start the year with a first-quarter record," said
Stephen T. Odell, Jaguar Cars vice president of sales and marketing.  "Dealers
are reporting record showroom traffic and customers are demonstrating an
enthusiastic response to our 1998 sedans and sports cars."
    In the U.S., strong demand for Jaguar's V8-powered XJ Series sedans led an
increase in March sales compared with a year ago.  Sedan sales rose
43.8 percent to 1,366 for the month, with sales increases for the Jaguar
standard wheelbase XJ Sedan (up 116 percent), Vanden Plas (up 42 percent) and
the supercharged XJR (up 109 percent).  Total sales of 1,943 cars for the
month were up 19.9 percent compared with March 1997.
    Sales in Canada were up 101.2 percent to 167 vehicles for the month of
March.  Sedan sales improved 163.3 percent to 129 units and sale of the Jaguar
XK8 sports car increased 11.8 percent to 38 cars.

    March U.S. New-Vehicle Retail Sales
                       XJ6/8      XJ6/8     VDP      XJR      XJ12   4-Door
                                      L
    March 98             579        300     368      119         0    1,366
    March 97             268        356     259       57        10      950
    change                                                              43.8%

    March U.S. New-Vehicle Retail Sales (con't)
                         XJS        XJS     XJS      XJS       XK8      XK8
                      Cpe 12      Cpe 6  Cnv 12    Cnv 6       Cpe      Cnv

    March 98               0          0       0        0        64      513
    March 97               0          0       1        6       122      541
    change

    March U.S. New-Vehicle Retail Sales (con't)
                                   2-Door                   Total
    March 98                          577                   1,943
    March 97                          670                   1,620
    change                            -13.9%                   19.9%

    3-Month U.S. New-Vehicle Retail Sales
                       XJ6/8      XJ6/8     VDP      XJR      XJ12   4-Door
                                      L
    98 YTD             1,340        832   1,117      359         0    3,648
    97 YTD               686      1,158     668      162        38    2,712
    change                                                               43.8%
    3-Month U.S. New-Vehicle Retail Sales (con't)
                         XJS        XJS     XJS      XJS       XK8      XK8
                      Cpe 12      Cpe 6  Cnv 12    Cnv 6       Cpe      Cnv

    98 YTD                 0          0       0        0       189    1,226
    97 YTD                 0          0       2       38       326    1,426
    change

    3-Month U.S. New-Vehicle Retail Sales (con't)
                                   2-Door                   Total
    98 YTD                          1,415                   5,063
    97 YTD                          1,792                   4,504
    change                           -21.0%                   12.4%

    March Canadian New-Vehicle Retail Sales
                       XJ6/8        VDP     XJR     XJ12    4-Door

    March 98              43         70      16        0       129
    March 97              17         25       7        0        49
    change                                                      163.3%

    March Canadian New-Vehicle Retail Sales (con't)
                         XJS        XJS     XJS      XJS       XK8      XK8
                      Cpe 12      Cpe 6  Cnv 12    Cnv 6       Cpe      Cnv

    March 98               0          0       0        0        10       28
    March 97               0          0       0        0         4       30
    change

    March Canadian New-Vehicle Retail Sales (con't)
                                   2-Door                   Total
    March 98                           38                     167
    March 97                           34                      83
    change                             11.8%                  101.2%

    3-Month Canadian New-Vehicle Retail Sales
                       XJ6/8        VDP     XJR     XJ12    4-Door

    98 YTD                99        118      38        0       225
    97 YTD                43         58      18        0       117
    change                                                     117.9%

    3-Month Canadian New-Vehicle Retail Sales (con't)
                         XJS        XJS     XJS      XJS       XK8      XK8
                      Cpe 12      Cpe 6  Cnv 12    Cnv 6       Cpe      Cnv

    98 YTD                 0          0       0        0        10       28
    97 YTD                 0          0       0        0        16       66
    change

    3-Month Canadian New-Vehicle Retail Sales (con't)
                                   2-Door                   Total
    March 98                           73                     328
    March 97                           82                     199
    change                            -11%                    64.8%

    Notes:  Amounts not adjusted for differing number of selling days, if
            applicable.
            VDP = Vanden Plas

SOURCE  Jaguar Cars