Porsche off to a strong start in 2017

Breaking News April 19, 2017 12:08

By The Nation

2,224 Viewed

Porsche AG said it has made a strong start to 2017 with around 60,000 vehicles delivered to customers worldwide in the first quarter, a 7-per-cent improvement year on year. 

The company said this was its best-ever first-quarter performance. The drivers of growth were China and the company’s home market of Germany, as well as the Panamera and Macan model lines which both saw double-digit growth.

“Porsche has made a successful start with the new Panamera – this trend now needs to continue throughout the rest of the year,” said Detlev von Platen, member of the executive board responsible for sales and marketing at Porsche AG. 

Porsche presented three new models at the Geneva Motor Show: the new Panamera Sport Turismo, the Panamera Turbo S E-Hybrid and the 911 GT3. The market launch for the new 911 GT3 will take place in May, with the S E-Hybrid following in July and the Panamera Sport Turismo in October. A further highlight for the Chinese market will be presented next week at the Auto Shanghai motor show.

In the first quarter of 2017, China was once again the strongest individual market. With a total of 18,126 vehicles delivered, the Chinese market exceeded last year’s result by 10 per cent. In Europe, the company delivered 19,084 units (an increase of 7 per cent).

Germany saw a 19 per cent sales boost, with 7,160 vehicles delivered. In addition to the ongoing success of the 911, of which nearly 1,600 vehicles were delivered in Germany, the new Panamera that was introduced at the end of 2016 was responsible for this significant growth. Porsche saw a 4-per-cent growth in the US, delivering 12,718 vehicles.

Panamera has been a standout performer with 12 per cent growth year on year and 3,630 units delivered. Deliveries of models in the 718 model line increased by 4 per cent, totalling 6,060 vehicles. The Macan reinforced its position as the best-selling Porsche with 24,797 units delivered, representing an increase of 15 per cent.

Most view