JLR July gross sales down 21.6% at 36,144 items, Auto Information, DFL
“We’ve got had challenges to navigate in key markets this month,” Jaguar Land Rover Chief Business Officer Felix Brautigam mentioned.
Retail gross sales for July have been down in China by 46.9 per cent, reflecting continued market volatility within the first month of the obligation change in addition to commerce tensions, JLR mentioned.
In Europe gross sales have been additionally down by 26.5 per cent and the UK have been down by 18.three per cent, impacted by the industry-wide situation of delays in WLTP (Worldwide Harmonised Gentle Car Take a look at Process) certification of 2019 mannequin yr automobiles, it added.Gross sales have been additionally down by 9.5 per cent in North America, the corporate mentioned.
“We’re additionally adapting to the affect of tariff adjustments within the Chinese language market. Whereas this might strengthen demand, the commerce battle with the USA has a destructive impact on automotive consumers’ confidence and transaction costs in China,” Brautigam mentioned.