Overview
- Retail sales fell 15% to 94,420 units in the quarter ended June while wholesale volumes declined 11% to 87,286 units.
- Exports to the US were paused in April after Washington imposed a 25% tariff but restarted in early May under a deal limiting duties to 10% for initial shipments.
- The planned wind-down of legacy Jaguar models ahead of upcoming electric launches drove steeper falls in the UK market, where wholesale sales plunged 26%.
- Sales performance diverged regionally with volumes up 21% in MENA, 4.6% overseas and 1% in China versus declines of 12% in North America and 14% in Europe.
- High-margin SUVs led by Range Rover, Range Rover Sport and Defender made up 77% of wholesale volumes as the company reshapes its model mix.