Buy it now and sell it for more next year, What car is it?

 

Jaguar Land Rover has stopped production of the strong-selling Land Rover Defender off-roader due to microchip shortages.

 

"Like other automotive manufacturers, we are currently experiencing some COVID-19 supply chain disruption, including the global availability of semiconductors, which is having an impact on our production schedules," the company said in a statement.

 

The company builds the Land Rover Defender 110 and Defender 90 models at the Nitra plant alongside the Discovery large SUV. The company warned of difficulties fulfilling orders for the Defender in May when Chief Financial Officer Adrian Mardell told investors that order books for the car were approaching 100,000.

 

He also said the wait for some plug-in-hybrid models was approaching 12 months. The company gave no guidance on how the shortage would affect production for the next financial year.

 

Unexpected demand on the Defender

 

Retail sales for the vehicle are approaching 7,000 a month, up from the predicted 5,000. The company sold 45,244 Defenders globally in the financial year to the end of March.

 

Will we see another increase on the price of Defender because of this shortage?? Sure we will!!

Find a Defender at QMotor

 

You Might Also Like