US woes slam brakes on Jaguar Land Rover as carmaker blames phasing out of older models
A temporary pause in exports to the US and the planned wind-down of older Jaguar models have been blamed.
The car maker revealed that retail sales slid by 15.1 per cent to 94,420 units over the three months to June. Meanwhile, wholesale sales dropped by 10.7 per cent to 87,286 units compared with a year earlier.
The company said the significant fall in sales was partly driven by the pause in shipments to the US in April after Donald Trump's administration introduced tariff plans.
Wholesale sales in North America dropped by 12.2 per cent year-on-year after the pause, JLR said.
They plunged by 25.5 per cent in the UK after the market was particularly hit by the 'planned cessation of the legacy Jaguar models'.
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