Porsche Q1 sales dip | Automotive Industry News

Porsche first quarter sales dipped only 5% to 53,125 cars worldwide in the first quarter of 2019.

Unsurprisingly, the company did not detail March results but ACEA’s EU27 tallies give some idea of the effect of coronavirus lockdowns and restrictions on sales across that continent.

Porsche SE and Volkswagen both announced yesterday they were suspending their 2020 financial forecasts – VW AG is Porsche SE’s money tree.

Cayenne was as usual the most popular model in Q1 2010 with 18,417 deliveries followed by the Macan (15,547).

“We are not alone in clearly feeling the effects of the coronavirus pandemic 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 sales and marketing chief Detlev von Platen.

“After this challenging first quarter, we are now actively preparing to restart production. Our top priority will always be the health of our employees, the employees of our retail partners and, of course, the health of our customers. We are confident that the outlook is positive, not least because we see a clear recovery in the Chinese market; almost all of our [dealers] there have already reopened.”

China was the largest Q1 single market, taking 14,098 cars (no comparison provided) followed by the US (11,994). 



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