Jaguar Land Rover July Sales Decline 21.6% YoY | CORPORATE ETHOS

Jaguar Land Rover July Sales Decline 21.6% YoY

By: | August 10, 2018

Aug 10: Jaguar Land Rover, the UK’s leading manufacturer of premium luxury vehicles and the subsidiary of Indian automotive giant Tata Motors, on Friday reported total retail sales of 36,144 vehicles in July 2018, down 21.6% year on year, primarily reflecting transitional issues in certain markets.

“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 foregoing some higher discounted business and later timing for new model year launches this year compared to a year ago. Sales in Overseas markets were up 8.6%,” the company said.

Felix Brautigam, Jaguar Land Rover Chief Commercial Officer, said, “we have had challenges to navigate in key markets this month. Despite that we have lots of reasons to be positive. After some short delays because of the transfer to WLTP emissions regulations we are now well-placed in the premium market. We anticipate the impact of this transfer will be short-lived. We remain positive and confident in our award-winning product line-up. The new E-PACE, our sporty compact SUV, is boosting sales for Jaguar. It’s about to go on sale in China and we’re expecting success there too. The electric Jaguar I-PACE, which has impressed the world’s media, is now starting deliveries.”

For July, Jaguar retail sales were 10,992 and Land Rover retail sales were 25,152 vehicles, down 15.2% and 24.0% respectively on the same month last year.

Jaguar Land Rover total retail sales for the first seven months of 2018 calendar year were 354,363, down 2.4% compared to the same period a year ago.