The automaker reported moderate sales increases in certain markets, including Europe
The Cayenne was the brand's best-selling model in Q1, shifting 28,025 units. Sales in North America fell by 23% while those in China were down 24%. Deliveries of the outgoing Panamera and Taycan fell considerably. Over the past few years, we have become accustomed to seeing premium car brands reporting sales increases on a routine basis. Porsche has been among them. But not in Q1 of 2024, as the German brand’s deliveries actually decreased - and in some regions, by a lot.
Read: The 2025 Taycan Turbo S Is The Most Powerful, Quickest Production Porsche Ever Porsche has blamed the Chinese slowdown on its focus on value-oriented sales, tense economic conditions, and an unusually strong Q1 2023 due to catch-up effects after Covid-19. In North America, the slowdown has been attributed primarily to a customs-related delay in the shipping of some models. The German automaker did experience an upturn in deliveries in certain markets.
Europe Porsche Porsche 911 Porsche Cayenne Porsche Macan Porsche Panamera Porsche Taycan Sales USA
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Luxury stocks slump as Gucci sales slideLuxury stocks tumbled Wednesday after a profit warning from Gucci parent Kering laid bare a sharp slowdown in once soaring demand for high-end goods, especially in China.
Read more »
DP World Tour’s Porsche Singapore Classic Returns With The Latest Porsche On The LineUntil 24 March, Title Partner Porsche announces the new Porsche Panamera Turbo E-Hybrid as the hole-in-one prize.
Read more »
2024 Porsche Panamera First Drive Review: Porsche does luxuryGet in-depth info on the 2024 Porsche Panamera including prices, specs, reviews, options, safety and reliability ratings.
Read more »
Porsche Taycan U.S. Sales Weakened In Q1 Ahead Of 2025MY LaunchIn Q4, Porsche sold 1,247 Taycan electric cars in the U.S., 18% less than a year ago. The Taycan accounted for 9.3% of the brand's total volume.
Read more »
Rivian Sales Up 71% in 1st Quarter — But Can It Get To 10× Current Sales?Clean Tech News & Views: EVs, Solar Energy, Batteries
Read more »
US Audi EV Sales Grow 29%, BMW EV Sales Grow 63%Clean Tech News & Views: EVs, Solar Energy, Batteries
Read more »