Porsche 1Q Car Deliveries Fell 5% On Year
April 17 2020 - 4:08AM
Dow Jones News
By Mauro Orru
Porsche AG said Friday that car deliveries fell year-on-year in
the first quarter of 2020 due to the coronavirus pandemic.
The sports car marker, which is owned by Volkswagen AG, said it
delivered 53,125 cars worldwide in the first quarter, down 5% from
55,700 the previous first quarter.
"After this challenging first quarter, we are now actively
preparing to restart production," said Detlev von Platen, member of
the executive board for sales and marketing.
"We are confident that the outlook is positive, not least
because we see a clear recovery in the Chinese market; almost all
of our Porsche centers there have already reopened," he added.
Porsche said China was the single market with the highest number
of deliveries in the quarter, accounting for 14,098 units, followed
by the U.S. with 11,994 deliveries.
The Cayenne was most popular model, Porsche said, with 18,417
deliveries, and the Macan in second place with 15,547
deliveries.
Write to Mauro Orru at mauro.orru@wsj.com; @MauroOrru94
(END) Dow Jones Newswires
April 17, 2020 03:53 ET (07:53 GMT)
Copyright (c) 2020 Dow Jones & Company, Inc.
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