Porsche reports robust demand in the first nine months

0
Porsche reports robust demand in the first nine months
Porsche reports robust demand in the first nine months - www.brandspurng.com

In the first three quarters of 2020, Porsche delivered 191,547 vehicles to customers worldwide. Compared to the same period in the previous year, this was a reduction of five per cent.

Porsche reports robust demand in the first nine months
Porsche reports robust demand in the first nine months – www.brandspurng.com

“Porsche is demonstrating resilience in the face of the coronavirus crises. Thanks to a fresh, updated product portfolio, we have been able to keep the decline in deliveries to a moderate level,” says Detlev von Platen, Member of the Executive Board for Sales and Marketing at Porsche AG. “The Chinese market has recovered quickly after the lockdown, and demand in other markets is also showing significant growth once again – all of which has contributed to achieving this result.”

Positive development in Asia

China continues to be the largest single market for Porsche in terms of volume, accounting for 62,823 vehicles from January through September. Positive trends are also evident in Asia-Pacific, Africa and the Middle East as a whole: with 87,030 vehicle deliveries, the sports car manufacturer achieved a slight increase of one percent year-on-year. Customers in the US received 39,734 vehicles. In Europe, Porsche delivered 55,483 sports cars between January and September.

In terms of models, the Cayenne continued to lead demand: 64,299 units went to customers in the first nine months. The continued popularity of the Coupé model contributed to an increase in deliveries by four per cent compared to the previous year. In addition, the iconic Porsche 911 was especially popular with deliveries of 25,400 units, one per cent more than in the previous year. The Macan saw 55,124 vehicle deliveries. In the first three quarters, 10,944 customers worldwide received the all-electric Taycan.

“Porsche was not spared the effects of the coronavirus crisis. However, we look to the future with optimism – in particular thanks to our convincing product range and a continued increase in new orders,” says Detlev von Platen.

Porsche AG
Deliveries
January – September
20192020Difference
Worldwide202,318191,547-5%
Europe60,76455,483-9%
     Germany22,70517,462-23%
America55,31949,034-11%
     USA45,06239,734-12%
Asia-Pacific, Africa and Middle East86,23587,0301%
     China64,23762,823-2%

 

HEADLINES YOU MIGHT HAVE MISSED FROM BRAND SPUR

Top 10 Smartphone Brands Capture 88% Market Share in Q2 2020 as Huawei and Samsung Tie at 20%

Worldwide smartphone sales suffered a hit during the second quarter of 2020, dropping by 20.4%. In total, 294.7 million units were sold during the three-month period compared to 370.3 million units in Q2 2019.

Ogun Govt Releases N500,000 to Trade Associations, Artisan Groups

In a bid to further enhance rapid economic growth in Ogun State as well as ensure the wellbeing of its citizenry, the State Government has released the sum of Five Hundred Thousand Naira as subvention to Trade Associations and Artisan Groups.

Sani Abacha loot – The only guaranteed money back scheme in Nigeria

The late General Sani Abacha was a Nigerian army general and dictator who ruled Nigeria from 1993 until his death in 1998. The Sani Abacha administration period had a boom in the country’s federal exchange reserve from $494 million in 1993 to $9.6 billion by the middle of 1997 and the administration also reduced the external debt of Nigeria from $36billiom in 1993 to $27 billion by 1997.

How to apply for the Youtube Black Voices Fund for Nigerian Artists and Creators

Youtube recently announced that artists and creators from Nigeria can apply for grants from its Black Voices Fund. The global $100m fund will, over the next three years, offer support to Black Artists and creators so they can thrive on Youtube.

Orange collaborates with Smart Africa and announces new investments in Africa to improve the quality of service and data security for end-users

Orange, a platinum member of the Smart Africa Alliance, supports the One Africa Network (OAN) project which has the aim of reducing the cost of communication and keeping the traffic generated and destined for Africa within Africa.