Motoring Reporter
1 minute read
18 Apr 2018
1:00 pm

Porsche begins year on high note with impressive car sales

Motoring Reporter

The development of the hybrid segment especially positive.

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It’s been a successful start to the year!

In the first quarter of 2018, Porsche AG delivered around 63 500 vehicles worldwide, equivalent to an increase of 6% compared with the previous year.

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This represents the most successful first quarter in the sports car manufacturer’s history.

The USA, Europe and the company’s home market in Germany were the main drivers of growth, as well as the Panamera and 911 model lines.

The US market recorded the largest overall growth, with deliveries increasing by 10% to around 14 000 vehicles. In terms of the specific models, the Panamera – introduced in 2017 – achieved the largest percentage growth with an increase of around 200%.

The development of the hybrid segment has been especially positive.

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In Europe, more than 60% of the Panamera models handed over to customers during the first quarter were hybrid versions.

“We are delighted with our strong start. During 2018, we expect that we will stabilise at the high level achieved last year,” says Detlev von Platen, Member of the Executive Board responsible for Sales and Marketing at Porsche AG.

“Exclusivity is more important for the Porsche brand than pure growth; with our global market share of 0.3% of the total market we are fulfilling this requirement.

“In addition to the development, production and sale of exclusive sports cars, Porsche is increasingly tackling the subjects of electrification, digitalisation and connectivity. In doing so, it is important to unite our traditional values with innovative technologies.

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This year, we will again be offering new products and services designed to excite our customers and fans all over the world.”