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    Porsche's health not good

    "Porsche had bad results .... Jan US sales: Porsche -9.4%. December had been circa -20%. Jan 03 was also weak."

    Got these numbers from a friend of mine who works as an analyst for a major business bank.
    They work closely with PAG and they have urged them to make sure the Cayenne is a success.
    It seems that the worst is happening, the Cayenne is stealing so far at least 25% of 911 sales
    And the Boxster's been doing badly since a couple of years now.
    Come on guys, move yor a.... and do something !!!
    Fanch.

    Re: Porsche's health not good

    That same bank expects a rise in chare price of 25% for 2003 though (you kwno how the market is )
    So let's hope this is all short term...
    Fanch.

    Re: Porsche's health not good

    See PCNA press release 03 February 2003:

    January Sales Hit By Uncertain Economic Outlook

    911 Demand in North America Largely Stable

    Stuttgart, Germany. The North American sales realised by Dr. Ing. h. c. F. Porsche AG, Stuttgart, in January 2003 declined compared to the previous month. Deliveries fell to 1,395 (previous month 1,543) vehicles, which represents a 10 percent drop. Consequently, despite weak market conditions, the 911 classic still enjoys relatively stable demand. Compared to the previous month, merely 2 percent less models of this series were delivered to customers in January. 800 (813) units of the 911 model series were sold. Boxster deliveries dropped by 18 percent to 595 (730) vehicles. The North American market is currently experiencing uncertainty, especially as consumer confidence has depleted due to the unpredictable outcome of the Iraq conflict. However, Porsche remains optimistic as concerns business developments for the current fiscal year 2002/03, particularly as the Cayenne is to be launched on the North American market mid March.

    Already at the AGM, which took place in Stuttgart on 24 January 2003, the sports car producer again announced growth. As was posted, the Porsche Group's global sales increased in the first half of the current fiscal year, i.e. from 1 August 2002 to 31 January 2003, by 5.2 percent to a total of 24,684 vehicles (provisional figures).


    GO/03 February 2003
    No. 12/03

     
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