Porsche manufacturing holds up
1 min read
Manufacturing output from sports car maker Porsche for the half year to the end of January should reach almost the same level as the prior year and reach a total of 40,877 units – a fall of only 1.9 percent. Reporting a strong upward trend following a 25% fall in the first four months, Porsche said the decline in sales should be cut back to just minus 3.1% for the six months.
Sales are expected to account for some 33,200 units and revenues will show a decrease of 3.3% to €2.9 billion. CEO, Prof Dr Martin Winterkorn reported to the company's annual general meeting that 16,979 units of the Porsche Cayenne (pictured) and 9,882 of the new Panamera will have rolled off the assembly line in Leipzig. In the same time then 8,746 units of the 911 were manufactured. A total of 5,270 units of the Boxster will be manufactured in the period.
The Cayenne remains the best selling model although sales fell 22% while 911 sales declined 45%. The Boxster and the Cayman models are expected to record sales growth of 14%.
The North American market remained difficult with sales of Porsche down 16% while the drop in Europe should be around 6%. In the rest of the world, sales of Porsche have actually grown by 18%. On the basis of a strong performance in the second quarter, Porsche said it continued to assume that ales for the full fiscal year 2009/10 ending in July will exceed the prior-year figure of 75,238 vehicles.
