Porsche Reports 7% Global Sales Decline, China Sales Drop 29%

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Oct 11, 2024
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Porsche has reported a 7% decrease in global sales for the first nine months of the year, with total sales reaching 226,026 units. The company experienced a significant 29% drop in the Chinese market.

Among its models, the large-engine Panamera and the electric Taycan faced the most considerable declines, with sales falling by 20% and 50%, respectively. According to a statement from a member of Porsche's board, the company anticipates a particularly challenging 2024 due to limited product supply in certain areas.

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I/We may personally own shares in some of the companies mentioned above. However, those positions are not material to either the company or to my/our portfolios.