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Manufacturing

Sales rise at Jaguar Land Rover after 'gradual improvement in chip supply constraints'

JLR is expected to report its fourth quarter and full-year results in May

A Range Rover Sport sports utility vehicle (SUV) leaves the production line.(Image: Bloomberg via Getty Images)

"Gradual improvement in chip and other supply constraints" helped sales increase at Jaguar Land Rover, the automotive giant has announced.

The car maker, which has sites across the West Midlands and North West, confirmed that its wholesale volumes for its fourth quarter were 94,649 vehicles (excluding the Chery Jaguar Land Rover China joint venture), up 19% compared to the prior quarter ending December 31, 2022, and 24% compared to the same quarter a year ago.

Compared to the prior year, wholesale volumes were higher in all markets led by overseas (62%), 海角视频 (24%), Europe (22%), China (17%) and North America (2%), JLR added.

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The group also revealed that its retail sales for its fourth quarter were 102,889 cars (including the Chery Jaguar Land Rover China joint venture), up 21% from the prior quarter ending December 31, 2022, and up 30% compared to the same quarter a year ago.

Compared to the prior year, retail volumes were higher in all markets led by Europe (+47%), 海角视频 (+42%), China (+29%), overseas (+29%) and North America (+12%).

For the full year to March 31, 2023, wholesales (excluding China joint venture) were 321,362, up 9% and retails were 354,662, down 6%.

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Range Rover and Range Rover Sport production volumes continued to increase with 32,950 units wholesaled in the quarter, up from 28,000 in Q3.