Jaguar Land Rover retail sales decline 376Percentage to 80126 units in Q3

15 Jan 2022 , 01:34 AM

Jaguar Land Rover retail sales for the three-month period to 31 December 2021 continued to be constrained by the global semiconductor shortage though the Company started to see some improvement in chip supply and wholesale volumes compared to the preceding quarter Underlying demand for Jaguar Land Rover products remains strong and the Company has proactively managed semiconductor supplies to maximise production of higher margin products Retail sales for the quarter ending 31 December 2021 were 80126 vehicles down 136Percentage 126k units from the preceding quarter ending 30 September 2021 and 376Percentage 483k unitsfrom the quarter a year ago ending 31 December 2020 Retails were lower across all regions compared to the preceding quarter including China -69Percentage Europe -68Percentage North America -118Percentage UK -243Percentage and Overseas -254Percentage However wholesale volumes were 69182 units and production volumes were 72184 units in the period both excluding China JV up 8Percentage and 41Percentage respectively compared to the preceding quarter ending 30 September 2021 The increase in production in particular reflects a start in improved chip supply Compared to the preceding quarter Range Rover wholesale volumes were up by 918Percentage Range Rover Sport by 640Percentage and I-Pace by 345Percentage Retail sales for the calendar year 2021 were 420856 down 12Percentage compared to the calendar year 2020 with Land Rover sales up 34Percentage Despite the impact of the semiconductor shortage on production and sales the Company continues to see strong demand for its products with global retail orders at record levels The total order book has grown to over 154000 units up about 30000 orders from the prior quarter for the New Range Rover while demand for the Land Rover Defender remains strong with about 36000 orders At the end of January Jaguar Land Rover expects to report unaudited results for the three months ending 31 December 2021 Initial estimated cashflow for the quarter is around 150 million positive