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JP C. Calimbas
April 23, 2020    |    

Beacon Of Light

Porsche 911 Deliveries Shore Up Porsche's First Quarter Sales

With many companies from various sectors reporting bleak Q1 figures as worldwide commerce is brought to a halt by the Coronavirus Pandemic, Porsche reported that the sales for the iconic Porsche 911 beat the odds and posted a 16% increase compared to 2019 figures from the same period. The German automaker delivered 8,482 911s in the first three months of the year bucking the overall decline in vehicles sold by the company. Porsche stated that they sold 53,125 cars worldwide in the first quarter of this year, down 5% from the same period in 2019.

As far as models sold, Porsche SUVs continued to be the company’s bestsellers in Q1 with the Cayenne, Macan and the relatively new-to- showrooms Taycan accounting for 18,417, 15,547 and 1,391 units sold respectively.

Strong Porsche vehicle sales were seen in Europe where a total of 16,787 units left the showrooms posting a a solid twenty percent spike from the 14,004 cars sold last year.

We are not alone in clearly feeling the effects of the coronavirus crisis on our deliveries. But our focus now is on standing together with our business partners worldwide. Working together, we are in a position to react quickly and appropriately to further developments,” said Detlev von Platen, Member of the Executive Board for Sales and Marketing at Porsche AG.

Porsche expressed optimism that the pandemic has now reached its plateau and with more knowledge in how to deal with it, global economy could now gradually get rebooted including the automotive industry.

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