Jaguar Land Rover Says Falling Sales Reflect Market Uncertainty
Jaguar Land Rover reported total worldwide retail sales of 36,144 vehicles in July 2018, down 21.6% year on year, primarily reflecting transitional issues in certain markets. July2018 Changeyear-on-year Jan – July 2018 Changeyear-on-year JaguarLand Rover 36,144 (21.6)% 354,363 (2.4)% Jaguar 10,992 (15.2)% 105,047 (2.9)% Land Rover 25,152 (24.0)% 249,316 (2.2)% Retails for July were down in China (46.9%), reflecting continued market volatility in the first month of the duty change as well as trade tensions. Sales were also down in Europe (26.5%) and the UK (18.3%), impacted by the industry-wide issue of delays in WLTP certification of 2019 model year vehicles. Jaguar Land Rover has made good progress however and all its vehicles are certified or expected to be shortly. Retail sales were also down in North America (9.5%), resulting from softer industry volumes (down more than 3%) combined with […]