12 Oct 2022 -

Jaguar Landrover: Q2 sales constrained by semiconductor shortages

jaguar landrover automotive

Jaguar Land Rover reported increasing retail and wholesale volumes for Q2 of FY23 (three months to 30 September 2022) but blames semiconductor shortages for ‘constrained growth’.

“This [wholesale volumes] improvement was lower than planned, primarily due to a lower than expected supply of specialised chips from one supplier which could not be readily re-sourced in the quarter,” it reported. “This was mitigated partially by further prioritisation of production to the highest margin products, while new agreements with semiconductor suppliers are expected to enable sales improvements in the second half of the fiscal year.”

Recently, Honda, Mercedes, Daimler, and Hyundai have all announced production cuts in the last year due to a chip shortage that doesn’t seem to be going anywhere, despite automakers’ best efforts.

To avoid electronics supply-chain disruptions, you may also wish to consult an expert in electronics component supply. With more than three decades of supply-chain expertise, Astute Electronics is ideally placed to work with you on your daily component requirements.

For more help with looking at supply chain options, contact Astute Electronics

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