Porsche sells fewer cars in first half of the year
Porsche's sales had fallen by three per cent to some 310,700 vehicles already in the previous financial year.
STUTTGART - German luxury carmaker Porsche has once again sold fewer vehicles in the first half of the year, partly due to the struggling business in China, reported the German Press Agency (dpa).
From January to June, around 146,400 sports and off-road vehicles were delivered worldwide, six per cent fewer than in the same period last year, Porsche said from its headquarters in the south-western city of Stuttgart.
Porsche's sales had fallen by three per cent to some 310,700 vehicles already in the previous financial year.
In China, just over 21,300 cars were delivered in the first six months, or 28 per cent fewer than a year earlier.
A significant reason for this, the company said, is the still-tense economic situation in the People's Republic and the intense competition there.
In Germany and the rest of Europe, sales figures also showed a noticeable decline in some cases.
With 43,577 deliveries, things went better for Porsche in North America. The increase was mainly due to more cars being available in the market than in the previous year, according to the information provided.
Additionally, there were price guarantees because of higher United States (US) import tariffs. Numerous customers are likely to have secured a vehicle before the price guarantees cease, and they have to pay extra.
Porsche also recorded a plus in overseas and growth markets such as Africa, Latin America, Australia, Japan and Korea. - BERNAMA-dpa
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