Significantly More Porsches Sold in the First Quarter

The German luxury car brand Porsche has significantly increased sales in the first quarter of this year. The Stuttgart-based company said global deliveries were up 18 percent year-on-year to 80,767 sports cars.

According to Porsche, growth was achieved in all regions. Sales in the important Chinese market rose by 21 percent, and in the German home market, there was a plus of 19 percent.

Porsche’s SUV models are doing particularly well. For example, sales of the Macan rose by 30 percent, and that of the Cayenne rose by 23 percent. However, sales of the electric Taycan fell by 3 percent.

Porsche has had a separate stock exchange listing in Frankfurt since last year. At that IPO, parent group Volkswagen put a price tag on Porsche of more than 75 billion euros.

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