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Porsche increases 2023 deliveries despite China slump

Published 12/01/2024, 08:03
Updated 12/01/2024, 08:05
© Reuters. Vehicles of German automobile manufacturer Porsche are displayed during the 2023 Munich Auto Show IAA Mobility, in Munich, Germany, September 5, 2023. REUTERS/Angelika Warmuth/File Photo
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BERLIN (Reuters) - Luxury carmaker Porsche (ETR:P911_p) increased its deliveries by 3% in 2023, with 320,221 vehicles delivered worldwide, as growth in Europe and North America offset a challenging market in China, the company said on Friday.

© Reuters. Vehicles of German automobile manufacturer Porsche are displayed during the 2023 Munich Auto Show IAA Mobility, in Munich, Germany, September 5, 2023. REUTERS/Angelika Warmuth/File Photo

Deliveries increased by 12% year-on-year in Europe, excluding the home market Germany, which saw a 10% increase, Porsche said. In North America, the company saw a 9% rise.

In China, deliveries dropped by 15% in 2023, "mainly due to the ongoing challenging economic situation in the region," the company said in a statement.

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