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  • Porsche posts massive increase in sales

    04 Dec 2010

    |

    3,555 views

    Porsche has reported a huge increase in sales for the second half of 2010, as compared to the same period in 2009

    Porsche shifted 21,218 cars from August to October 2010, which is an increase of 86.4% over the same period last year. This resulted in revenue of €2.06 billion, an 80.3% increase, while the company's operating result reached €395 million for the same three month period.

    The positive results were partly attributed to the strong sales of the Cayenne off-roader, which sold 10, 292 units in that period, an increase of 151% over the previous year, while the Panamera sports sedan also managed to see a strong growth in sales figures, garnering 5778 buyers, an increase of 94%.

    The increase in the Panamera's sales was due to the introduction of new models in the range, notably the entry-level six-cylinder model, as well as the availability of the car in more markets. Porsche's other models also saw an increase in sales, with the 911 shifting 3130 units, an increase of 20.4%, and the Boxster and Cayman garnering 1089 and 929 buyers respectively.

    In terms of region, the Americas sold the most Porsches, with 7268 cars sold, an increase of 82%, and of those, 6632 cars went to North America. Europe was the second biggest market, with 7082 cars sold. Asia and the rest of the world shifted 6868 cars, but posted the biggest percentage increase by region, a rise of 126%, a result of the strong demand in the burgeoning Chinese market.

    "We can be satisfied with the key indicators of the first three months. Porsche AG is continuing on a profitable growth course" said Matthias Müller, chairman of the executive board of Porsche AG.

    "Due to the order intake worldwide in the past few months, we expect a good double-digit return on sales in the short fiscal year from August to December 2010. With this current order situation, we also anticipate a good start to the new fiscal year 2011" Lutz Meschke, member of Porsche AG's executive board in charge of finance and procurement, added.
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    • Home
    • Car Articles
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    • Porsche News

    Porsche posts massive increase in sales

    04 Dec 2010

    |

    3,555 views

    Porsche has reported a huge increase in sales for the second half of 2010, as compared to the same period in 2009

    Porsche shifted 21,218 cars from August to October 2010, which is an increase of 86.4% over the same period last year. This resulted in revenue of €2.06 billion, an 80.3% increase, while the company's operating result reached €395 million for the same three month period.

    The positive results were partly attributed to the strong sales of the Cayenne off-roader, which sold 10, 292 units in that period, an increase of 151% over the previous year, while the Panamera sports sedan also managed to see a strong growth in sales figures, garnering 5778 buyers, an increase of 94%.

    The increase in the Panamera's sales was due to the introduction of new models in the range, notably the entry-level six-cylinder model, as well as the availability of the car in more markets. Porsche's other models also saw an increase in sales, with the 911 shifting 3130 units, an increase of 20.4%, and the Boxster and Cayman garnering 1089 and 929 buyers respectively.

    In terms of region, the Americas sold the most Porsches, with 7268 cars sold, an increase of 82%, and of those, 6632 cars went to North America. Europe was the second biggest market, with 7082 cars sold. Asia and the rest of the world shifted 6868 cars, but posted the biggest percentage increase by region, a rise of 126%, a result of the strong demand in the burgeoning Chinese market.

    "We can be satisfied with the key indicators of the first three months. Porsche AG is continuing on a profitable growth course" said Matthias Müller, chairman of the executive board of Porsche AG.

    "Due to the order intake worldwide in the past few months, we expect a good double-digit return on sales in the short fiscal year from August to December 2010. With this current order situation, we also anticipate a good start to the new fiscal year 2011" Lutz Meschke, member of Porsche AG's executive board in charge of finance and procurement, added.
    24.4k

    Tags

    porsche porsche sales porsche sales increase porsche cayenne porsche panamera porsche sales figures

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