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Jaguar Posts Record August for Sedan Sales

4 September 1998

Jaguar Posts Record August for Sedan Sales
    MAHWAH, N.J., Sept. 3 -- Prestige car buyers in the U.S.
drove Jaguar to a record August for sedan sales.  Sales of 1,458 sedans, up
84 percent compared with August 1997, topped Jaguar's previous best August --
1,443 sedan sales in 1987.
    Total August sales for Jaguar were 1,849, up 37.5 percent compared with
the same month a year ago.  Year-to-date sales of 14,405 were up 20 percent
compared with the same period a year ago marking Jaguar's 10th consecutive
month of improved year-over-year sales.
    "This is the best year in Jaguar's U.S. history since 1986," said Stephen
T. Odell, Jaguar Cars vice president of Sales and Marketing.  "Our continued
success in the marketplace demonstrates that our customers are finding what
they are looking for in a prestige automobile including style and quality."
    Jaguar sales in Canada totaled 70 cars for the month of August, up
35 percent compared with August 1997.  Sedan sales of 62 units was up
77 percent compared with the same month last year.  Year-to-date sales of
856 vehicles demonstrated an improvement of 24 percent compared with the first
10 months of 1997.
    Jaguar's product lineup in the U.S. and Canada includes six models: the
XJ8, XJ8 L, Vanden Plas and XJR sedans, and the XK8 coupe and convertible.
Jaguar's entire lineup features the award-winning 4.0-liter AJ-V8 engine as
well as Jaguar's distinctive styling both inside and out.

                     AUGUST U.S. NEW-VEHICLE RETAIL SALES

                          XJ6/8     XJ6/8 L VDP      XJR      XJ12
    Aug. 98              677        225     460       96         0
    Aug. 97              499        160     106       28         1
    change

                  AUGUST U.S. NEW-VEHICLE RETAIL SALES (con't)

                      4-Door        XJS     XJS      XJS       XJS
                                 Cpe 12   Cpe 6   Cnv 12     Cnv 6
    Aug. 98            1,458          0       0        0         0
    Aug. 97              794          0       0        0         0
    change             83.6%                                -29.0%

                   AUGUST U.S. NEW-VEHICLE RETAIL SALES (con't)

                         XK8 Cpe    XK8 Cnv   2-DoorTotal
    Aug. 98               36        355     391    1,849
    Aug. 97               76        475     551    1,345
    change                                         37.5%

                      YTD U.S. NEW-VEHICLE RETAIL SALES

                       XJ6/8    XJ6/8 L     VDP      XJR      XJ12
    98 YTD             4,295      2,014   3,092      974         0
    97 YTD             2,744      2,302   1,731      328        45
    change

                    YTD U.S. NEW-VEHICLE RETAIL SALES (con't)

                      4-Door        XJS     XJS      XJS       XJS
                                   Cpe 12   Cpe 6     Cnv 12    Cnv 6
    98 YTD            10,375          0       0        0         0
    97 YTD             7,150          0       0        4        43
    change             45.1%

                    YTD U.S. NEW-VEHICLE RETAIL SALES (con't)

                         XK8 Cpe   XK8 Cnv2-Door   TOTAL
    98 YTD               453      3,577   4,030   14,405
    97 YTD               762      4,029   4,838   11,988
    change                               -16.7%    20.2%

                   AUGUST CANADIAN NEW-VEHICLE RETAIL SALES

                 XJ6/8        VDP      XJR      XJ12       4-Door
     Aug. 98      24          30       8         0          62
     Aug. 97      16          19       0         0          35
     change                                              77.1%

               AUGUST CANADIAN NEW-VEHICLE RETAIL SALES (con't)

              XJS      XJS     XJS     XJS    XK8    XK8    2-Door      TOTAL
            Cpe 12    Cpe 6   Cnv 12  Cnv 6   Cpe   Cnv
    Aug. 98   0        0       0        0      2     6         8           70
    Aug. 97   0        0       0        0      2    15        17           52
    change                                                 -52.9%       34.6%

                    YTD CANADIAN NEW-VEHICLE RETAIL SALES

                        XJ6/8       VDP      XJR      XJ12      4-Door
      98 YTD             252        298      101       0         651
      97 YTD             168        205       50       1         424
      change                                                    53.5%

                YTD CANADIAN NEW-VEHICLE RETAIL SALES (con't)

               XJS    XJS    XJS       XJS     XK8     XK8    2-Door     TOTAL
             Cpe 12  Cpe 6  Cnv 12    Cnv 6    Cpe     Cnv
    98 YTD      0      0      0         0       49     156     205         56
    97 YTD      0      0      0         1       68     199     268        692
    change                                                  -23.5%       23.7%

    Notes:  *Not adjusted for differing number of selling days.
             VDP = Vanden Plas