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Jaguar Sales on a Roll in the U.S.

3 June 1998

Jaguar Sales on a Roll in the U.S.
    MAHWAH, N.J., June 3 -- Strong sales in May helped Jaguar
Cars continue its strongest start ever in the United States.  Year-to-date
sales of more than 9,000 cars improved 18 percent compared with the same
period a year ago and exceed Jaguar's previous best five-month start in 1986.
    Sales for the month of May totaled 1,936, up 21 percent compared with last
year.  Sports car sales totaled 673, setting a record for the month of May.
Sedan sales of 1,263 increased 36 percent compared with the same period last
year.
    "May marks the seventh consecutive month that we've had a year-over-year
sales increase," said Stephen T. Odell, Jaguar Cars vice president of sales
and marketing.  "What a reflection this is of Jaguar's growing competitiveness
in the market and of customers' increasing confidence in our quality."
    The award-wining Jaguar XK8 convertible and coupe have continued Jaguar's
sports car heritage.  The XK8 features the 4.0-liter AJ-V8 engine as well as
Jaguar's distinctive styling both inside and out.  Jaguar introduced the AJ-V8
engine in its sedans for the 1998 model year.  In addition, the cars' elegant
wood and leather interior was redesigned to accommodate upgrades such as side
airbags.  Despite equipment additions to both its sedans and sports cars for
1998, the U.S. company maintained 1997 suggested retail prices.
    In Canada, Jaguar sales totaled 112 for the month of May, up 7 percent
compared with the same month last year.  Year-to-date sales of 560 vehicles
were up 27 percent compared with the same period last year.

    MAY U.S. NEW-VEHICLE RETAIL SALES
              XJ6/8    XJ6/8 L    VDP    XJR    XJ12    4-Door    XJSCpe 12
    May 98      487        279    424     73       0     1,263            0
    May 97      373        262    251     39       3       928            0
    change                                                36.1%

    YTD U.S. NEW-VEHICLE RETAIL SALES
              XJ6/8    XJ6/8 L    VDP    XJR    XJ12    4-Door    XJSCpe 12
    98 YTD    2,423      1,356  1,954    587       0     6,320            0
    97 YTD    1,397      1,691  1,200    244      43     4,575            0
    change                                                38.1%

    MAY CANADIAN NEW-VEHICLE RETAIL SALES
              XJ6/8    VDP    XJR    XJ12    4-Door    XJSCpe 12    XJSCpe 6
    May 98       30     40     13       0        83            0           0
    May 97       18     29     10       0        57            0           0
    change                                     45.6%

    YTD CANADIAN NEW-VEHICLE RETAIL SALES
              XJ6/8    VDP    XJR    XJ12    4-Door    XJSCpe 12    XJSCpe 6
    98 YTD      157    187     66       0       410            0           0
    97 YTD       96    129     37       1       263            0           0
    change                                     55.9%

    MAY U.S. NEW-VEHICLE RETAIL SALES
              XJSCpe 6  XJSCnv 12  XJSCnv 6  XK8Cpe  XK8Cnv  2-Door    TOTAL
    May 98           0          0         0      62     611     673    1,936
    May 97           0          1         1      98     572     672    1,600
    change                                                      0.1%    21.0%

    YTD U.S. NEW-VEHICLE RETAIL SALES
              XJSCpe 6  XJSCnv 12  XJSCnv 6  XK8Cpe  XK8Cnv  2-Door    TOTAL
    98 YTD           0          0         0     308   2,376   2,684    9,004
    97 YTD           0          4        41     520   2,486   3,051    7,626
    change                                                    -12.0%    18.1%

    MAY CANADIAN NEW-VEHICLE RETAIL SALES
              XJSCnv 12    XJSCnv 6    XK8Cpe    XK8Cnv    2-Door      TOTAL
    May 98            0           0         3        26        29        112
    May 97            0           1        15        32        48        105
    change                                                  -39.6%       6.7%

    YTD CANADIAN NEW-VEHICLE RETAIL SALES
              XJSCnv 12    XJSCnv 6    XK8Cpe    XK8Cnv    2-Door      TOTAL
    98 YTD            0           0        35       115       150        560
    97 YTD            0           1        47       130       178        441
    change                                                  -15.7%      27.0%

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