The initial decline in the last few years originally stemmed from the knock-on effect from Covid. I'm not saying the advert is responsible solely for a 97% reduction in sales, but this rebrand has been in the works for some time and the figures are comparably shocking compared to other manufactures operating in the same climate and legislation. There is a huge quantity of new stock unsold at probably at 30% less than the typical entry rate and the rebrand is likely a huge factor in people not going out in droves and securing what is left before the new roll out. People are not solely queuing for their electric cars when the rest of the market is flowing with your typical diesel/petrol standard. My local VW sells between 9 and 10 new petrol cars a day still, yet Jaguar can't crack 50 up and down the country in a month, despite having an overflow of stock. My local dealer is like a car park. The cars are all for sale, about 40 of them are 24-25 plates and models that were £40,000 and going for under £30k comfortably. There's no firesale, there's no limitations, they just can't shift them.
All these new cars coming out are practically outdated by design anyway, but when your flagship model is going for the same price in the luxury market as a Seat Leon and £3k less than a Polo, then questions have to be asked of how they got to this state. My guess is that the alienation of its customers and values after the turmoil of Covid had, and then the published rebrand reveal, is a huge factor and I'm willing to bet that they will struggle out of the gate and will likely have to sell off part of the company. The most likely explanation is customers that were awaiting the new range have seen it and have shopped elsewhere before they even land and haven't looked back, not even taking an XFR for £12k less.
So if Jaguar re-launch and sell 20,000 new cars at £115,000 each then it will be a huge success but with the lack of interest in the last 5 years and new dead stock they can't even give away, I don't know where the market is.