Is Porsche Still a Sports Car Maker?

Is Porsche Still a Sports Car Maker?
LEIPZIG, Germany—As Porsche maneuvers deeper into the markets for SUVs and sedans, it is racing to remind a new generation of drivers what gave the brand its original mystique—speed.

The brand has unnerved purists in recent years, first with the launch of its hulking Cayenne sport-utility vehicle, then a four-door sedan called the Panamera. Though the expansion has boosted the Volkswagen VOW3.XE -0.42% AG-owned car maker's sales by nearly 50% over the past four years, the Cayenne and Panamera made up roughly three-quarters of its 143,000 vehicle sales last year.

Next year, Porsche takes yet another big step from its sports-car roots with a new compact SUV. Chief Executive Matthias Müller says it could add up to 75,000 to its annual sales—further eclipsing Porsche's legendary 911, Boxster roadster and its hard-topped sibling, the Cayman. The company also is weighing developing a smaller version of the Panamera.

"If the sports cars get drowned out, they risk killing the golden goose," says Mark Ritson, an associate professor of marketing at the University of Melbourne's business school who has consulted for luxury brands. A happy Cayenne owner, Mr. Ritson counts himself as one of the thousands of decidedly nonsports-car drivers Porsche has lured with its model expansion. But the powerful SUV "is so far from a [911] Carrera, it is unbelievable," he adds. "It is a big, fat people-mover."

Porsche is turning to measures unusual for a car maker known for its minimalist marketing efforts to keep that adrenaline-pumping connection alive. It is returning to the 24 hours of Le Mans race next year and building "experience" centers in Shanghai, Atlanta and Los Angeles aimed at cultivating sports-car aficionados with on- and off-road test tracks and driving courses. It also has stepped up Porsche roadshow events.

"I'm convinced we have to do something to keep our brand image high, and these kinds of measures are helping do that," said Mr. Müller in a recent interview at the company's Stuttgart headquarters.

A longtime veteran of German luxury-car maker Audi NSU.XE -0.64% and its parent Volkswagen, which completed a protracted takeover of Porsche last year, Mr. Muller has implemented many of the moves since becoming CEO in late 2010.
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Satriani1Satriani1 - 5/29/2013 11:36:09 AM
+2 Boost
In Sport Auto’s supertests, Porsches have been among the best and most consistent performers at the Nurburgring and Hockenheim tracks (which share hosting of the F1 German Grand Prix). In the link, yellow identifies the 10 fastest times for each track (the list has been set to the 10 fastest times for Nurburgring/Nordschleife. Just click Hockenheim to get the ten fastest times for that track). All these cars have been driven and tested by Horst von Sauma, a highly respected supercar tester and Nurburgring driver. He scored the Porsche 911 GT2 RS a perfect 70 points.
http://tinyurl.com/q23mzyo

30th anniversary of the fastest lap time at Nurburgring set by a Porsche.
http://tinyurl.com/oxkr7a8

Porsche is diversifying to increase revenue. But it remains among the most accomplished and recognized sportscar brands on the planet.



enthusiastx11enthusiastx11 - 5/29/2013 3:38:36 PM
+2 Boost
what a stupid headline. porsche out performs competitors in pretty much every category in which it operates. is the pope catholic? are republicans liars?


mini22mini22 - 5/29/2013 8:54:25 PM
+1 Boost
Well-If you take the title question "Is Porsche still a Sportscar maker?
You can simple answer the question "Yes". The simple reason is that while they make the Cayenne, the Panamera and soon the Macan they also make the Boxster, Cayman, 911, and 918. So yes they are a sportscar maker.While I did not get into the article that probably states how the Cayenne, the Panamera and soon Macan outsell their sports car's that in itself is meaningless.Nor does it matter. Another point without the 911,Boxster and Cayman the Panamera, Cayenne, and the upcoming Macan would not perform and handle as well as they do. The sportscar DNA is passed down to all vehicles that Porsche makes.


freeagentfreeagent - 5/29/2013 8:57:39 PM
+2 Boost
Yes, Virginia, they are. But they also earn outsized profits on a bunch of other stuff trading on their brand. All is OK in the world so long as the 911 and Boxster/Cayman continue to be excellent.


irishmikeirishmike - 6/1/2013 12:58:31 AM
+1 Boost
freeagent: Amen


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