JLR blames supply chain struggles for fall in sales

The company said that for the three month period up until December 31st 2021, its retail sales ‘continued to be constrained’ by the global semi-conductor shortage.

To combat this, the company has said that it has ‘proactively managed semi-conductor supplies’ to maximise production.

Retail sales for the Q4 2021 were 80,126 vehicles, which was down 13.6% (12.6k units) from the preceding Q3 2021, and 37.6% (48.3k units) from Q4 2020.

Retail sales were lower across all global regions compared to the preceding quarter, including China which saw a drop of 6.9%, Europe saw a 6.8% drop in sales, North America (-11.8%), UK (-24.3%), and Overseas saw a drop of a quarter at 25.4% loss in sales.

However, wholesale volumes were for Q4 2021 were 69,182 units and production volumes were 72,184 units in the period (both excluding China JV), up 8% and 41% respectively compared to the preceding Q3 2021. This increase reflects the beginning of an improved semi-conductor supply.