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    May sales fall off cliff

    Porsche Cars North America, announced June sales in the U.S. of 902 units compared to the same period last year when it sold 2,650.

    For the first half of the year -- clearly one of the most challenging car markets in recent history -- Porsche has sold 9,659 cars compared to last year when it sold 15,086 during the same six-month period.

    For the month of June, Porsche's Approved Certified Pre-Owned vehicle sales were 620, compared to 576 for the same period last year.
     


    Re: May sales fall off cliff

    Trying to find something positive in these news, I think in the long run it will make Porsche even more desirable in the long run.


    Re: May sales fall off cliff

    On the bright side, it can't go anywhere but up, now. 

    Or could it? Smiley


    --

    2005 997S Blk/Blk


    Re: May sales fall off cliff

    SoCal Alan:

    On the bright side, it can't go anywhere but up, now. 

    Or could it? Smiley

     Better don't ask....

    Predictions are hard and error prone, especially when they are about the future.



    Re: May sales fall off cliff

    The declining sales saps any remaining leverage that Porsche has vis a vis VW.  I would suspect that Dr. Wedeking's position becomes ever more precarious as the global economy takes an increasing toll on profits.  Conversely, VW or any potential investor(s) can negotiate for increasingly favorable terms while Porsche twists in the financial wind. Dr. Wedeking authored the rescue of Porsche an an independent company in the mid '90s and may ironically write the last chapter of an independent Porsche.


    --
    Carpe Diem

     
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