"Porsche Reports Q1 Earnings Up 18% Year-on-Year"

Porsche announced on the 18th that it delivered 80,767 vehicles in the first quarter of 2023, an 18 percent increase compared to the same period last year.

Looking at sales by region, growth in the Chinese and North American markets stands out. In China, 21,365 units were sold, a 21% increase year-on-year. In North America, 19,651 units were sold, marking a 30% increase compared to the previous year. In Europe, 18,420 vehicles were delivered, a 14% increase year-on-year. In Germany, sales rose 19% to 8,247 units. Other markets saw sales increase by 5% to 13,084 units compared to the previous year.

The best-selling model was the Macan. Sales increased 30% year-on-year to 23,880 units. Following closely, the Cayenne recorded growth of 23% with 23,387 units sold. The 911 also saw a 19% increase with 11,063 units sold. The Panamera was delivered 8,479 units, a 10% increase. The all-electric Taycan experienced a 3% decrease in sales to 9,152 units due to supply chain bottlenecks. The 718 Boxster and Cayman were delivered 4,806 units, a 6% increase.

Detlev von Platen, Member of the Executive Board for Sales and Marketing at Porsche AG, said, “The strong performance in the first quarter demonstrates robust demand for our products and the strength of our brand. Despite ongoing economic uncertainty and limited parts supply, we are pleased to see growth across all markets.”

This content was produced with the assistance of AI translation services.