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Porsche reports 4% fall in Q1 deliveries

Published 04/10/2024, 05:07 AM
Updated 04/10/2024, 05:11 AM
© Reuters. FILE PHOTO: People inspect Porsche cars at The London EV Show, in London, Britain November 30, 2023. REUTERS/Maja Smiejkowska/File Photo

(Reuters) - Stuttgart-based sportscar maker Porsche delivered 4% fewer vehicles globally in the first quarter of 2024 compared to 2023, it said on Wednesday, citing a challenging market in China and customs-related delivery delays in North America.

Global deliveries stood at 77,640 cars worldwide, Porsche said, with deliveries down 24% and 23% year-on-year in China and North America, respectively.

In Germany, Porsche's home market, deliveries rose 37% to reach 11,274 vehicles.

Porsche delivered 16,340 vehicles in China and 15,087 in North America over the same period.

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