11 September 2019 Automobiles JLRs wholesale volumes declined 7.1% YoY (-5.2% MoM) to 39.6k units (our 4.7k units. JLRs retail volumes declined ~7% YoY with de-growth across markets (marginal in Europe). However, China sales grew ~17% YoY to 8.8k units. Jaguars retail volumes declined ~18% YoY, led by lower sales in models like XF, XK/E-pace and Others/F-types. XJ and I-Pace sales were higher at 291 and 903 units, respectively, in the month. LRs retail volumes declined marginally by 1.4% YoY owing to lower sales growth for Discovery, Freelander, RR and RR Velar. RR Evoque sales were up ~51% YoY to 5.4k units. the global market remains challenging, we have seen a second month of consecutive growth in China.