10 April 2019 Automobiles JLRs wholesale volumes declined 8% YoY (+41% MoM) to 70.2k units (in-line) in Mar19, including China JV volumes of 4.8k units (-32% YoY). Jaguar volumes declined 0.3% YoY to 21k units (in-line), while Land Rover (LR) volumes were down 10.9% YoY to 49.2k units (in-line). JLRs retail volumes declined 8% YoY in Mar19, led by lower sales in China (- 42.5% YoY) and the US (-8% YoY), partly offset by higher UK (+7.5%) and Europe (+1.1%) sales. Jaguars retail volume declined 0.2% YoY, led by a substantial volumes decline across models, barring E-pace (+32%) and I-Pace. LRs retail volumes declined 11.4% YoY, as growth in Range Rover Velar (+5% YoY) was more than diluted by a decline across other models.