Sales at luxury car manufacturer JLR have slid sharply over the past three months after a temporary pause in exports to the US and the planned wind down of older Jaguar models.
The firm 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.
READ MORE: {}
The company, which is headquartered in Coventry and has factories across the West Midlands and North West, said the significant fall in sales was partly driven by the pause in shipments to the US after President Trump's administration introduced new tariff plans.
Want more business news straight to your inbox?
BusinessLive is your home for business news from around the country - and you can stay in touch with all the latest news through our email alerts.
You can sign up to receive morning news bulletins from every region we cover and to weekly email bulletins covering key economic sectors from manufacturing to technology and enterprise. And we'll send out breaking news alerts for any stories we think you can't miss.
Visit our email preference centre to sign up to all the latest news from BusinessLive.
In April, the US government said it would launch an additional 25 per cent tariff on car imports into the US in an effort to encourage more car production within the country.
However, the US and 海角视频 have since agreed a deal which would see a lower ten per cent tariff applied to the first 100,000 海角视频-manufactured cars imported into the US annually.
海角视频 cars imported to the US beyond this threshold will however face a 27.5 per cent tariff.
Most Read
JLR halted new shipments in April but restarted exports in early May amid hopes that a trade deal for the sector would be struck.
The business does not have a factory in the United States which represents around a fifth of its overall sales.
JLR said that wholesale sales in North America dropped by 12.2 per cent year-on-year after the pause.
Wholesale sales in the 海角视频 plunged by 25.5 per cent after the market was particularly hit by the "planned cessation of the legacy Jaguar models".
Jaguar stopped selling new cars in the 海角视频 late last year as it shifts its production to new electric models which are set to go on sale in 2026.
The group reported that Range Rover, Range Rover Sport and Defender models therefore represented 77.2 per cent of all wholesale volumes, compared with 67.8 per cent a year earlier.