Porsche: luxury manufacturer reports current sales figures – economy

Porsche: luxury manufacturer reports current sales figures – economy

The Cayenne is Porsche’s best seller. Photo: Porsche AG/Zaid Hamid

Despite the slowdown, especially in China and America, Porsche was able to produce almost as many cars as in the same quarter last year due to growth in Germany, among other areas.

Continued growth in deliveries in Germany and Europe moderated the decline in Porsche’s global output levels in the first half of the year. The company announced this on Friday. An increase of five percent in Germany and seven percent in Europe compensated for a decline in China of 16 percent or the United States of ten percent.

Overall, Porsche delivered 145,860 vehicles, five percent less than in the same period last year. This is the same minus as in the first quarter. About a third of the cars went to Europe, and about the same to China. However, the company is not afraid of falling further. “We assume that the second half of the year will grow strongly,” says Porsche boss Detlev von Platen. However, at the beginning of the year, the company had still assumed a strong growth equivalent to an increase of eleven percent in 2021.

Cayenne leads – Taycan with problems

The company attributes the decline in the US in part to “delivery and transportation issues”. The decrease in sales figures by ten percent is also put into perspective by the fact that the same period last year in the USA was the best in the history of Porsche. China’s slowdown could reflect the effects of zero-sum Covid measures that are weakening the economy, especially in wealthy regions like Shanghai. Porsche shows they did better here than the overall luxury car market, which fell by almost a quarter.

The Cayenne SUV was the most popular vehicle with 41,947 units, followed by the Macan, another SUV with 38,039 units, followed by the classic Porsche 911 sports car with 21,616 units. According to Porsche, the number of deliveries of the electric Taycan suffered from semiconductor limitations. 18,877 of them left the factory.