Porsche Q1 deliveries fall 8% on weaker demand in China and Europe

Reuters

Tue, Apr 8, 2025, 12:08 AM 1 min read

(Reuters) - German sports car shaper Porsche delivered 8% less vehicles globally successful the archetypal quarter, it said connected Tuesday, deed by declining request successful China and Europe.

Global deliveries stood astatine 71,470 cars worldwide, Porsche said, with deliveries down 42% and 10% year-on-year successful China and Europe, respectively.

In Germany, Porsche's location market, deliveries slumped 34% to 7,495 vehicles.

However, successful North America deliveries roseate 37% to 20,698 units implicit the aforesaid period, with maturation partially attributed to import-related delays successful the transportation of immoderate exemplary lines successful the aforesaid play past year.

German carmaker Mercedes-Benz said connected Monday that its first-quarter portion income of cars and vans fell 7%, deed by declining request successful China and Europe.

Luxury car brands similar Porsche and Ferrari are the astir exposed to U.S. tariffs, said Rella Suskin, an expert from Morningstar, up of the release.

"However, their superior pricing powerfulness and the affirmative effect that terms increases person connected the residual values of their customers' existing cars trim the wide interaction of tariffs connected their financials," the expert said.

(Reporting by Victoria Waldersee and Amir Orusov; Editing by Miranda Murray)