Jaguar Land Rover said retail sales for the fiscal second quarter fell 4.9% year on year to 88,121 vehicles.
Year to date sales fell 23.4% to 166,949 units.
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Wholesale Q2 volume was 75,307 units (excluding the China JV), up 4% quarter on quarter.
“This improvement was lower than planned, primarily due to a lower than expected supply of specialised chips from one supplier which could not be readily resourced in the quarter,” JLR said.
“This was mitigated partially by further prioritisation of production to the highest margin products while new agreements with semiconductor suppliers are expected to enable sales improvements in the second half of the fiscal year.”
The production ramp up of new Range Rover and Sport models improved with 13,537 units wholesaled in the quarter, up from 5,790 in Q1.
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By GlobalDataJLR added: “The company continues to see strong demand for its products, with global retail orders again setting new records in the quarter. As at 30 September 2022, the total order book has grown to 205,000 units, up around 5,000 orders from 30 June. Demand for the new Range Rover, Sport and Defender remains strong, accounting for over 145,000 of the 205,000 orders.”
