Porsche Reports Decline in Global Deliveries Amid Challenges

Stuttgart-based luxury sportscar manufacturer Porsche disclosed a 4% decrease in global vehicle deliveries for the first quarter of 2024 compared to the previous year. 

The decline was attributed to challenging market conditions in China and delays related to customs processes in North America.

Global Delivery Figures:

Porsche reported 77,640 vehicle deliveries worldwide during the first quarter of 2024. 

While this figure represents a slight decrease from the previous year, it underscores the brand’s continued global presence and demand for its premium automobiles.

Deliveries in China experienced a significant decline, with a 24% year-on-year decrease. Porsche cited challenging market conditions as the primary factor contributing to decreased sales within this crucial market segment.

Customs-Related Delays in North America:

North America also witnessed a decline in Porsche deliveries, with a year-on-year decrease of 23%. 

The company attributed this downturn to delays caused by customs-related processes, impacting the timely delivery of vehicles to customers in the region.

Despite global challenges, Porsche saw a notable increase in deliveries within its home market of Germany. Deliveries surged by 37% compared to the previous year, reflecting strong demand and consumer confidence in the brand’s offerings.

Regional Breakdown of Deliveries:

During the first quarter of 2024, Porsche delivered 16,340 vehicles in China and 15,087 in North America. 

While facing challenges in these critical regions, the brand remains committed to addressing market dynamics and enhancing customer satisfaction.