Porsche Sales Implode 62% In June, Will They Be The Next Victim Of A Bad Global Economy?

Porsche Sales Implode 62% In June, Will They Be The Next Victim Of A Bad Global Economy?
Porsche vehicle sales plummeted 62 percent to 1,072 vehicles last month in the U.S. market, its biggest, as demand evaporated for its luxury sports utility vehicle Cayenne.

Sales of its core high-margin 911 fell 40 percent; its Cayman/Boxster model line, 66 percent; and the Cayenne, 72 percent, Porsche said in a statement on Wednesday.
 


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Joe_LimonJoe_Limon - 7/1/2009 6:59:07 PM
+5 Boost
News article of the day. I await to hear what the banks have to say when Porsche can no longer afford their loans.


ghosthunterghosthunter - 7/1/2009 7:11:08 PM
+4 Boost
well. selling more cars doesn't guarantee more profit. GM was the perfect example (of course, given the situation GM was in, saling less cars would certainly kill GM much quicker). my point is, if Porsche can maintains a healthy profit margin, they will be fine.


veyron1001veyron1001 - 7/1/2009 7:25:54 PM
+4 Boost
Perfect is an understatement. They are the epitome of not making profit.


theoptimisticpessimisttheoptimisticpessimist - 7/1/2009 7:57:40 PM
+7 Boost
Porsche forgot it was a car company and thought it was a hedge fund. The CEO needs to be axed.


VISOVISO - 7/1/2009 9:15:16 PM
+4 Boost
Hello Volkswagen! Porsche will now be swallowed whole by VW-Audi. So much for the so called most profitable company in the world.


sectorsector - 7/1/2009 9:23:23 PM
+2 Boost
No surprises here though, you can't charge 2x more than a competitor's offering and get away with it for so long. Bye Bye Porsche :(

"There is no Substitute" -- apparently there are lots of substitutes!

haha


MateMate - 7/2/2009 12:11:47 AM
+4 Boost
they are extremely overpriced


pcar4evrpcar4evr - 7/2/2009 9:36:25 AM
-1 Boost
only if you can't afford one


Bmw8terBmw8ter - 7/2/2009 9:22:35 AM
+3 Boost
Victim of a bad global economy? The only thing they're a victim of is zeal.


Hachee2001Hachee2001 - 7/2/2009 10:11:25 AM
+1 Boost
It's all because the hedge fund duechebags can't afford them now or because they feel guilty buying them.


AgentOrangeAgentOrange - 7/2/2009 10:20:51 AM
+2 Boost
Well, they do make the highest profit (approx $26K) per vehicle.



iamdabest1iamdabest1 - 7/2/2009 10:29:45 AM
+4 Boost
i have a 335xi, and no matter what ill do my best to get either an M3 or a Cayman S( if i can convince my wife, to let me get a 2 seater)

recently i went into a porsche dealership ( porsche of roslyn) the dealer had no idea about the cars, definitely arrogant, all he knew was numbers.
no doubt, the cars are overpriced, but people still want them. why ? probably because of the name "PORSCHE"

If you get into a base porsche boxster or base cayman, these cars have no power and they are still priced over 50,000 !! thats insane.


sectorsector - 7/2/2009 11:22:37 AM
-1 Boost
next to BMW, nobody does "branding" better than Porsche


BobbyJBobbyJ - 7/3/2009 1:33:53 AM
+1 Boost
What did you expect...it's a VW after all!
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