Jaguar Land Rover Q1 sales down 37Percentage

13 Jul 2022 , 01:33 AM

Jaguar Land Rover reported sales volumes for the three month period to 30 June 2022 Despite a record order book sales continue to be constrained by the global chip shortage compounded by the run out of the prior model Range Rover Sport with deliveries just starting and the impact of Covid lockdowns in China Retail sales for the quarter ending 30 June 2022 were 78825 vehicles broadly flat 183 units lower compared with the previous quarter ending 31 March 2022 and down 37Percentage 46k units from the quarter a year ago ending 30 June 2021 Retail sales comprised of Jaguar vehicles at 15207 units and Land Rover vehicles at 63618 units lower by 48Percentage and 33Percentage respectively Compared to the prior quarter retails were higher in UK 10Percentage and Europe 49Percentage but were lower in China -5Percentage North America -30Percentage and Overseas -10Percentage reflecting the transition to new models and delivery times to these markets Wholesale volumes were 71815 units in the period excluding our China Joint Venture down 6Percentage compared to the previous quarter ending 31 March 2022 The Company continues to see strong demand for its products with global retail orders again setting new records in the quarter As at the 30 June 2022 the total order book has grown to almost 200000 units up around 32000 orders from the 31 March 2022 Demand for the New Range Rover New Range Rover Sport and Defender are particularly strong with over 62000 20000 and 46000 orders respectively Jaguar Land Rover expects to report unaudited results for the 3 months ending 30 June 2022 in late July