McLaren Automotive now offers an extended warranty upto 12 years on its cars.

The McLaren Extended Warranty launched in 2014 can now be renewed up to the car’s 12th birthday. The enhancement recognises the increasing number of McLaren cars on the road, with more than 3,000 vehicles today having passed their third birthday, as well as the desire of many owners to retain ownership of their cars.

The policy, which previously could only be extended up to the car’s seventh birthday, covers the majority of factory-fitted components, giving customers the peace of mind that their McLaren will continue to perform in the same way as it was first created.

The McLaren Extended Warranty, available for Sports and Super Series vehicles, comes with a wide range of benefits including unlimited mileage cover, roadside assistance in selected markets and, in the event of claim, guaranteed use of McLaren Genuine Parts fitted by fully trained McLaren technicians.  The scheme is available for all new, existing and approved-used McLaren Qualified vehicles that have covered less than 100,000 miles and have been owned for a minimum of 90 days.  

Carl Whipp, Aftersales Director at McLaren Automotive commented:  “Owners want the reassurance that their car will still be looked after to the same standards with which it was built.  And they want to continue to enjoy their McLaren without worry.  Sometimes daily.  It’s for them that we launched the Extended Warranty and now with this further enhancement to the coverage period, it will continue to give complete peace of mind … right up to the car’s 12^th birthday.”

The McLaren Extended Warranty can be purchased directly from McLaren retailers*, and the cover can be acquired at any point in the vehicle’s life prior to the 10^th anniversary and for the duration of 12 or 24 months. 

*The policy is currently not available in Australia and China but plans are in place to launch the policy in these markets in 2017.

The following items are excluded from the McLaren Extended Warranty:

• General maintenance, scheduled servicing, and routine adjustments required by normal wear and tear and/or recommended by McLaren Automotive Limited, including any replacement parts and assemblies or other materials (including but not limited to, spark plugs, wiper blades, bulbs, filters, belts, coolant hoses, brake pads, lubricants, fluids, and filters) used in such services and adjustments
• Batteries, tyres, wheels, wheel balancing or alignment
• Paintwork, trim and upholstery or the deterioration of any other part, assembly or component as a consequence of wear and tear or exposure to the elements
• After market accessories or non-original equipment, components and systems not installed by a McLaren Retailer are specifically excluded from the coverage
• Any damage caused to any components by the use of incorrect or contaminated fuel
• The renewal of any clutch component due to incorrect adjustment, misuse or general wear and tear
• Water Ingress
• Software upgrades (unless part of a valid repair).

McLaren Automotive posts operational profit Record sales of 1,654 cars in 2015, expected to double in 2016.

• Mclaren Automotive celebrates fifth anniversary with record sales and financial results.
• Third year of profitability.
• Increases in research and development. investment and new shareholding.

• Five years since the first McLaren 12C left the McLaren Production Centre.
• McLaren Automotive posts operational profit 
• Record sales of 1,654 cars in 2015, expected to double in 2016.
• Investment in Research and Development increases to nearly 30% of turnover.
• Employee numbers increase by 16% to manage ongoing development and demand.
• McLaren Automotive welcomes a new investment and shareholder as a sign of future confidence.
• Track22 business plan points to successful future as an independent manufacturer of two-seater sports and supercars.

McLaren Automotive, the British manufacturer of luxury handcrafted sports and supercars, has celebrated the fifth anniversary of the first car rolling off the production line with another record-breaking year. 

Operating profits increased to £23.5M – the company’s third successive year of profitability - from revenues of £450.6M, with revenue projected to increase by 50% over the next two years and double by the end of 2022 – an unprecedented performance in the early years of a car company.  

2015 also marked the fifth successive year of increasing global car sales to 1,654 cars, supported by the launch of no less than five new models.

INDUSTRY-LEADING RESEARCH AND DEVELOPMENT 

2015 was another year of investment for the future of McLaren Automotive with a record amount of £123.9M spent on Research and Development. Similar levels of investment in previous years spawned, in 2015, a total of five new cars and the establishment of the three-tier product family – Sports Series, Super Series and Ultimate Series.

NEW SHAREHOLDER BRINGS EQUITY INVESTMENT TO FUND TECHNOLOGY DEVELOPMENT

The McLaren Automotive annual report also confirms an equity transaction of £49 million.  The new equity represents a total of 6.3% investment in McLaren Automotive from McKal Ltd. The Chairman of McKal Ltd is well-known to McLaren Automotive as an owner of two examples of the McLaren P1^TM as well as a frequent visitor to McLaren track events.

AN UNPRECEDENTED YEAR OF PRODUCT LAUNCHES

With a total of five new cars launched, and the unveiling of the Sports Series, Super Series and Ultimate Series product families, 2015 was an unprecedented year of growth for McLaren Automotive. It was also a transition year with the final McLaren P1^TM produced at the same time as the start of production of the new Sports Series models.

The Geneva Motorshow in March 2015 saw the revival of the famous Long Tail name from McLaren’s illustrious motor racing history with the introduction of the limited-volume McLaren 675LT Coupé in the Super Series. The Coupé was joined in December by a Spider variant. Like the Coupé, the Spider is limited to 500 cars and was sold out in just two weeks.

Following on from the iconic McLaren P1^TM, the Geneva Motorshow in March 2015 also saw the introduction of the track-only McLaren P1^TM GTR. Conceived in direct response to feedback from existing McLaren P1^TMowners, the McLaren P1^TM GTR was designed as the ultimate track car. Almost all of the limited run of McLaren P1^TM GTR cars were built in 2015, with a handful finishing construction in early 2016.

The reveal of the new Sports Series at the New York Autoshow in April 2015 was a pivotal moment in the short history of McLaren Automotive. Charged with more than doubling the company’s global sales volume in the coming years, the McLaren 570S Coupé was launched in New York and was closely followed by the McLaren 540C Coupé at the Shanghai Autoshow in April. The 570GT was added to the Sports Series family at the Geneva Motorshow in March 2016. In 2016, the Sports Series should support the overall company sales growth to a volume of more than 3,000 cars.

GROWTH IN RETAILER NETWORK AND EMPLOYMENT

To cater for the future demand, both the McLaren retailer network and its own employment grew in 2015. The McLaren global retailer network expanded to over 80 retailers covering 30 markets.  Twelve new retailers opened in 2015 covering important territories such as Seoul and Houston. 

Employment at McLaren Automotive also kept pace with sales developments with a total of 1,492 people employed at the end of 2015, an increase of 16% on the 1,283 working at the end of the previous year. The 1,492 headcount increased again substantially to about 1,750 in the early months of 2016 with the introduction of a second shift at the McLaren Production Centre and a further 250 new roles being created in the Production, Quality and Logistics departments. The second shift started in February 2016 with the new roles adding approximately 40 percent to the existing headcount in the Production Centre, and will take production rates from the previous 10 cars per day up to 20 cars per day by mid-2016.

TRACK22 DRIVES TOWARDS A SUCCESSFUL FUTURE

Looking forwards, McLaren Automotive has revealed details of its Track22 Business Plan, taking it through to 2022. With a continued focus on building the world’s finest two-seater sports and super cars, the business plan reiterates a commitment to its industry-leading 20-25 percent of turnover invested in Research and Development for future products and technology.  Over the six-year Business Plan period, this represents an investment of £1B and will lead to the launch of 15 all-new cars or derivatives. Of these cars, at least 50 percent will feature hybrid technology by the end of the Business Plan period and the company is also in the early prototype stages of the development of a fully-electric powertrain to evaluate its possible use in a future generation of an Ultimate Series car.

Chief Executive Officer of McLaren Automotive, Mike Flewitt, said of the financial results: ‘2015 was a critical year in the development of McLaren Automotive. The launch of the Sports Series opens McLaren up to an entirely new audience and will be pivotal in developing our sales volumes from the 2015 levels of 1,600 to nearly triple that number by 2020. For this to be achievable, we need to remain profitable but also continue to invest in our future product portfolio. In 2015, this amounted to £124M, nearly 30% of revenues. This level of commitment to investing in future products is core to our business strategy, as highlighted by the recently-announced Track22 business plan that commits us to investing £1B in research and development, delivering no less than 15 all-new cars or derivatives by 2022.’

		2015	2014	% change
Deliveries to customers	Cars	1,654	1,649	0.06%
Employed	People	1,492	1,283	16%
Sales revenue	Million GBP	450.6	475.5	(5.2%)
Operating profit	Million GBP	23.5	20.7	13.5%
Operating profit as % of sales	%	5.2%	4.4%
Profit before tax	Million GBP	5.4	14.9*	(63.8%)
Profit (loss) after tax	Million GBP	2.8	8.4*	(66%)
Capitalised development costs	Million GBP	123.9	91.9	35%
Capitalised investments as a %age of T/O		27.5%	19.3%

*as presented in the 2014 Statutory Accounts before changes in the UK generally accepted accounting provisions (GAP)

McLaren Glasgow awarded McLaren Retailer of the Year 2015 after just twelve months of trading

• McLaren Glasgow awarded McLaren Retailer of the Year 2015 after just twelve months of trading
• Award recognises highest performance across key business areas
• Final stage of the awards saw Glasgow competing against finalists from Asia Pacific, Middle East & Africa and The Americas regions

McLaren Glasgow has been named McLaren Global Retailer of the Year 2015 following an award ceremony in London attended by Mike Flewitt, CEO, and Jolyon Nash, Executive Director – Global Sales and Marketing, as well as finalists from across the McLaren global retailer network.  

McLaren Glasgow, the company’s first retailer in Scotland, impressed the internal judging panel with consistently exceptional scores across all key business areas, not least customer service.

The global competition saw 80 locations across 30 markets in the running for the award.  Retailers were scored based on performance against a range of targets including new and used car sales, customer satisfaction, aftersales performance and general operating standards.  Direct customer feedback was utilised in evaluating each dealer’s performance.  

“The exceptional customer service provided by our retailer network is extremely important for building the McLaren brand,” said Mike Flewitt, CEO. “The Retailer of the Year Awards has been running for two years and has seen intense competition from the outset. Hence, I’m very pleased to see McLaren Glasgow emerging as a benchmark across all key imperatives which underline the strong efforts of the team.”  

The Award was presented to Ross Park, Director at McLaren Glasgow by Jolyon Nash, Executive Director – Global Sales & Marketing who commented: “I am absolutely delighted for McLaren Glasgow and would like to congratulate them on this exceptional achievement.  Our retailer network delivers the impeccable standards expected by our customers and for them to receive such a prestigious accolade in only their first year of trading is unprecedented.  The Award comes as a real testament to the passion, knowledge and professionalism embodied by their team and I look forward to continuing our shared success.”

The Retailer of the Year trophy was designed by McLaren’s in-house design team and pays tribute to its iconic speedmark logo.  It is finished in the same distinctive silver chrome paint featured on the brand’s historic Formula 1™ race cars. 

The Award ceremony took place in London on Thursday, June 23.  Ahead of the event, five highest scoring retailers including McLaren Dallas, McLaren Glasgow, McLaren Johannesburg, McLaren Philadelphia and McLaren Taipei were treated to a Pure McLaren Driving Experience at Brands Hatch where they could experience the full performance capabilities of McLaren vehicles on the track.

McLaren Glasgow crowned European Retailer of the Year 2015 following only 12 months of trading.

• McLaren Glasgow crowned European Retailer of the Year 2015 following only 12 months of trading
• McLaren Retailer of the Year Awards recognise outstanding customer service and business performance
• The Awards are open to all McLaren retail locations with the Global Retailer of the Year 2015 due to be announced later this year

In only its first full year of trading, McLaren Glasgow has been named the European Retailer of the Year 2015 in recognition of its highest business standards. The competition saw entries from the full McLaren retailer network in Europe comprising 21 locations in nine key markets. 

All contenders were benchmarked through an extensive assessment process and scored against a number of key areas such as sales, customer service, aftersales and marketing. McLaren Glasgow emerged as the European Retailer of the Year joining McLaren Johannesburg, Philadelphia and Taipei as one of four regional finalists for the Global Retailer of the Year 2015 Award that is due to be announced later this year.

"On behalf of McLaren I would like to congratulate McLaren Glasgow on this fantastic achievement," said Jon Pollock, Managing Director – Europe at McLaren Automotive. "To go from nothing to the best in Europe in 12 months is a huge accomplishment and I look forward to working together to fulfil our ambitious growth plan in Europe."

Upon receiving the award, Ross Park, Director at McLaren Glasgow, commented: "McLaren Automotive is renowned for the impeccable standards of their business so to be recognised as European Retailer of the Year 2015 is a testament to the hard work and professionalism of the team here at McLaren Glasgow. I would like to thank everyone involved and look forward to continuing our success with McLaren."

McLaren Automotive is named as Manufacturer Of The Year from the BBC Top Gear Magazine.

McLaren Automotive has been presented with the accolade of Manufacturer of Year in the 2016 BBC Top Gear Magazine Awards in recognition of the rapid growth and global success of the company, both achieved in so short a time. 

The announcement follows a ’vintage’ year for McLaren, its most successful to-date, with five new cars launched and another sales record achieved. McLaren also predicts 2015 will be its third consecutive year of profitability.

Models across the three-tier McLaren range also received praise with the overall strength and breadth of the line-up highlighted as key to the award: ‘We’re not evaluating them as a product line-up, but assessing each in its own competitive environment. 

All of them are exceptional, arguably the very best in their class. That McLaren has got to this stage in such a short time frame speaks volumes for the company.’

Particular attention is drawn to one model in the Sports Series, Super Series and Ultimate Series, all launched during 2015: the 570S Coupé, 675LT Coupé and McLaren P1™ GTR.  Each is individually commended. Of the 570S Coupé, Top Gear states: ‘It might actually be the strongest – and certainly the most important.’

Commenting on this latest award, Jolyon Nash, Executive Director – Global Sales and Marketing for McLaren Automotive explained: ‘2015 was the biggest year in the relatively short history of McLaren Automotive, with an unprecedented five new models launched at motor shows across three continents. 

We also experienced another year of increasing sales and further strengthening of the global retailer network. 

To be recognised by BBC Top Gear Magazine as Manufacturer of the Year, and to receive such a prestigious award which commends each of the three model tiers independently, underlines the efforts and the progress that have been made by the team based in Woking, our retailers and across all our regional offices.’