- Retail sales in the quarter flat vs Q4 as renewed Covid-19 lockdowns in China restricted local production and forced the temporary closure of some dealers
- Record order book reflects strong demand for New Range Rover, New Range Rover Sport and Defender in particular
- Continue to expect sales to improve over the remainder of the financial year as chip supply gradually improves
Gaydon, UK, 07 July 2022 – Jaguar Land Rover today 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 78,825 vehicles, broadly flat (183 units lower) compared with the previous quarter ending 31 March 2022 and down 37% (46k units) from the quarter a year ago ending 30 June 2021. Compared to the prior quarter, retails were higher in UK (+10%) and Europe (+49%) but were lower in China (-5%), North America (-30%) and Overseas (-10%) reflecting the transition to new models and delivery times to these markets.
Wholesale volumes were 71,815 units in the period (excluding our China Joint Venture), down 6% 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 200,000 units, up around 32,000 orders from the 31 March 2022. Demand for the New Range Rover, New Range Rover Sport and Defender are particularly strong with over 62,000, 20,000 and 46,000 orders respectively.
Jaguar Land Rover expects to report unaudited results for the 3 months ending 30 June 2022 in late July.
Q1 retail sales summary (Apr - Jun 2022):
|Units||QoQ % change||YoY % change|
|Jaguar Land Rover||78,825||0%||(37)%|