Jaguar Land Rover on Monday reported a slump in fiscal third quarter sales as the automaker recovered from a massive cyberattack that disrupted production for more than a month.
The company said wholesale volume fell 43% to 59,200 units during the three-month period ending Dec. 31, compared with the year-ago quarter. Unit volume excluded the Chery Jaguar Land Rover China JV.
JLR reported a 25% drop in retail volume to 79,600 units during the quarter, compared with year-ago volume.
The automaker originally disclosed the attack in early September and halted production at its UK and certain other facilities. Operations were restored at a slow and deliberate pace in mid-October to ensure operational security, following a lengthy forensic investigation.
The attack led to widespread disruption of the company’s supply chain and cost the UK economy about $2.5 billion.
Beyond the cyberattack, sales were also impacted by incremental U,S. tariffs as well as the end of production of legacy Jaguar vehicles in favor of new models.
JLR did not restore normal operations fully until mid-November. The company is scheduled to report full financial results for the fiscal quarter during the month of February.
