The impact of Donald Trump’s tariffs on Jaguar Land Rover has been brought to light as the luxury car manufacturer detailed its vehicle exports to the US for the first quarter of 2025.
The Coventry -based automotive giant reported a 14.4% increase in wholesale volumes in North America during its fourth quarter, as reported by City AM.
This information comes following Jaguar Land Rover’s announcement over the weekend that it will “pause” shipments to the US while it adjusts to “address the new trading terms” that have arisen as a result of Donald Trump’s tariffs.
The US administration enforced a 25% tariff on all foreign cars starting Thursday, complemented by a broader “baseline” tariff of 10% on goods imported globally which commenced on Saturday morning.
In a statement issued on Saturday, a spokesperson for Jaguar Land Rover commented: “The USA is an important market for Jaguar Land Rover’s luxury brands.”
They added, referencing their response to the tariffs: “As we work to address the new trading terms with our business partners, we are taking some short-term actions including a shipment pause in April, as we develop our mid- to longer-term plans.”
The details of US wholesale figures come ahead of Jaguar Land Rover releasing a comprehensive set of data before its full-year results for the 12 months up to the end of March 2025, which are expected to be announced in May.
In its most recent quarter, the group’s wholesale volumes, excluding the Chery Jaguar Land Rover China joint venture, reached 111,413 vehicles. This represents a 6.7% increase compared to the previous three months and a 1.1% rise year on year.
When compared to the previous year, wholesale volumes in Europe increased by 10.9%, while in the UK they remained flat at 0.8%.
However, the group experienced a significant 29.4% decline in China, and overseas sales fell by 8.1%.
Retail sales for the fourth quarter, including the Chery Jaguar Land Rover China joint venture, totalled 108,232 vehicles. This is a decrease of 5.1% compared to the same quarter last year but an increase of 1.8% compared to the preceding three months.
For the full year ending March 2025, wholesale volumes amounted to 400,898 and retail sales to 428,854, remaining flat at -0.1% and -0.7% respectively.
Like this story? Why not sign up to get the latest business news straight to your inbox.