Porsche's Global Sales Picked up in 3Q
October 16 2020 - 6:12AM
Dow Jones News
By Cecilia Butini
German sports-car maker Porsche AG on Friday reported a rise in
worldwide sales in the third quarter of the year.
The German company sold around 74,600 vehicles worldwide, up
8.4% from the previous year, according to a statement from its
parent company Volkswagen AG.
In the first nine months of the year, global sales declined 5%
to 191,547 vehicles, Porsche said in a separate release.
Sales at a European level showed a 9% slump for the nine-month
period, with the German market hit by a 23% decline in car
sales.
Detlev von Platen, head of sales and marketing at Porsche, said
the Chinese market has picked up again after the lockdown that was
imposed to curb the spread of the coronavirus, and that demand
increased distinctly in other markets as well.
However, the crisis caused by the coronavirus is still affecting
Porsche, the executive said.
Write to Cecilia Butini at cecilia.butini@wsj.com
(END) Dow Jones Newswires
October 16, 2020 05:57 ET (09:57 GMT)
Copyright (c) 2020 Dow Jones & Company, Inc.
Volkswagen (TG:VOW3)
Historical Stock Chart
From Aug 2024 to Sep 2024
Volkswagen (TG:VOW3)
Historical Stock Chart
From Sep 2023 to Sep 2024