JLR's wholesale volumes declined 9% YoY (+5% MoM) to 49.3k units (est. 50k units) including the China JV volume at 4.1k units (-49% YoY) in Nov'18. Jaguar volumes increased 23% YoY to 15.1k units (est. 14k units) while Land Rover volumes declined 18.5% YoY to 34.2k units (est. 36k units).