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Jaguar Announces 1998 Sales

6 January 1999

Jaguar Announces 1998 Sales
    DETROIT, Jan. 6 -- Jaguar North America today announced 1998
sales results for the United States, Canada and Mexico.
    In the U.S., Jaguar sales totaled 22,503 cars, a 15.4 percent increase
compared with 1997.  This total represents the highest volume for Jaguar in
the U.S. for any full calendar year since 1988.  Sedan sales were up
32.2 percent compared with 1997, totaling 16,642 for the year.
    "We are building momentum as we go into the launch of the all-new S-TYPE,"
said Mike Dale, president of Jaguar North America.  "But even more heartening
is that our customers are telling us that they are finding in Jaguar exactly
what they are looking for:  elegance, style and refined performance."
    Jaguar sales in Canada in 1998 were up 26.8 percent compared with 1997.
Total sales of 1,293 cars in 1998 included 1,001 sedan sales, which were up
50.8 percent for the year.
    In its first full year of operations in Mexico, Jaguar sales totaled
115 cars.
    Jaguar also posted its best December in the U.S. since 1987, with sales
totaling 2,472 cars, up 14.6 percent compared with December 1997.  Sedan sales
of 1,808 in December were up 7.3 percent and sports cars sales of 664 were up
40.4 percent compared with the same month a year ago.  Total sales for sports
cars in December 1998 represent the highest volume of December sports cars
sales in Jaguar history.
    In Canada, Jaguar posted its best December in 10 years.  Total sales of
147 cars were up 47 percent compared with December 1997.  Sedans sales of
114 amounted to a 34 percent increase and sports car sales were up 120 percent
compared with the same month a year ago.
    Worldwide, Jaguar sales hit an all-time record in 1998.  For the first
time in the company's 76-year history, Jaguar sold more than 50,000 cars in a
single year.
    Jaguar's 1999 model year product lineup is on display at the North
American International Auto Show in Detroit including:  the XJ8, XJ8 L (not
available in Canada), Vanden Plas and XJR sedans, and the XK8 coupe and
convertible.  Jaguar's current lineup features the award-winning 4.0-liter
AJ-V8 engine as well as Jaguar's distinctive styling both inside and out.  The
all-new Jaguar S-TYPE goes on sales this spring.

                      DECEMBER U.S. NEW-VEHICLE RETAIL SALES
                                   Dec. '98        Dec. '97        Change

    XJ6/8                               748             768            --
    XJ6/8 L                             357             250            --
    VDP                                 488             465            --
    XJR                                 215             201            --
    XJ12                                  0               1            --
    4-Door                            1,808           1,685          7.3%
    XJS Cpe 12                            0               0            --
    XJS Cpe 6                             0               0            --
    XJS Cnv 12                            0               0            --
    XJS Cnv 6                             0               1            --
    XK8 Cpe                              86              64            --
    XK8 Cnv                             578             408            --
    2-Door                              664             473         40.4%
    TOTAL                             2,472           2,158         14.6%

                        1998 U.S. NEW-VEHICLE RETAIL SALES
                                       1998            1997        Change

    XJ6/8                             7,073           5,305            --
    XJ6/8 L                           3,118           3,293            --
    VDP                               4,789           3,174            --
    XJR                               1,662             768            --
    XJ12                                  0              48            --
    4-Door                           16,642          12,588         32.2%
    XJS Cpe 12                            0               0            --
    XJS Cpe 6                             0               0            --
    XJS Cnv 12                            0               4            --
    XJS Cnv 6                             0              47            --
    XK8 Cpe                             677           1,021            --
    XK8 Cnv                           5,184           5,843            --
    2-Door                            5,861           6,915        -15.2%
    TOTAL                            22,503          19,503         15.4%

                    DECEMBER CANADIAN NEW-VEHICLE RETAIL SALES
                                   Dec. '98        Dec. '97        Change

    XJ6/8                                42              38            --
    VDP                                  40              39            --
    XJR                                  32               8            --
    XJ12                                  0               0            --
    4-Door                              114              85         34.1%
    XJS Cpe 12                            0               0            --
    XJS Cpe 6                             0               0            --
    XJS Cnv 12                            0               0            --
    XJS Cnv 6                             0               0            --
    XK8 Cpe                               8               6            --
    XK8 Cnv                              25               9            --
    2-Door                               33              15          120%
    TOTAL                               147             100           47%

                      1998 CANADIAN NEW-VEHICLE RETAIL SALES
                                       1998            1997        Change

    XJ6/8                               393             263            --
    VDP                                 438             318            --
    XJR                                 170              82            --
    XJ12                                  0               1            --
    4-Door                             1001             664         50.8%
    XJS Cpe 12                            0               0            --
    XJS Cpe 6                             0               0            --
    XJS Cnv 12                            0               0            --
    XJS Cnv 6                             0               1            --
    XK8 Cpe                              68             104            --
    XK8 Cnv                             224             251            --
    2-Door                              292             356          -18%
    TOTAL                              1293            1020         26.8%

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