Porsche sales plummet - London Business News | Londonlovesbusiness.com
Briefly

Porsche's sales fell by 6% globally in the first half of the year, with a drastic 28% decline in China. In total, Porsche delivered 146,391 cars worldwide. However, North America saw a 10% rise in sales, attributed to better product availability and price protection measures amidst increased import tariffs. The overall decrease in sales reflects challenging market conditions and intensified competition faced by the luxury sports carmaker.
Porsche has experienced a 6% decline in global sales in the first half of the year, attributing the decrease to challenging market conditions and heightened competition.
Sales in China fell sharply by 28%, while globally, Porsche delivered a total of 146,391 cars in this period.
In North America, Porsche's sales rose by 10%, mainly due to higher product availability and price protection resulting from increased import tariffs.
The German carmaker noted the combination of market challenges and competition has significantly impacted their overall sales performance.
Read at London Business News | Londonlovesbusiness.com
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