Porsche Sales Performance and Upcoming EV Models

Porsche experienced a 4% decline in global car sales during the first quarter of 2024, a situation attributed to the transition to new models such as the all-electric Macan, the Taycan, and updates to the Panamera and the new 911 series Significantly, the Taycan's sales saw a substantial 54% reduction to 4,236 units in Q1, marking its worst quarterly performance since its debut four years prior Despite this, the automaker anticipates a boost in sales with the commencement of deliveries of the upgraded 2025 model year Taycan starting April. In addition, the imminent release of the new all-electric Macan is expected to garner consumer interest This model will be supported by the Volkswagen Group's innovative Premium Platform Electric (PPE) platform, with its launch slated for later in 2024.