Overview
- Porsche, which reported results Friday, said first‑quarter deliveries fell 15% year on year to 60,991 vehicles.
- China dropped 21% to 7,519 deliveries and North America slipped 11% to 18,344, while Germany rose 4% to 7,778 and Europe excluding Germany fell 18%.
- Cayenne led with 19,183 deliveries and the 911 rose 22% to 13,889, but Macan fell 23% to 18,209 with 10,130 combustion models versus 8,079 Macan EVs.
- Porsche cited the end of 718 production, a temporary Panamera gap that pushed volumes down 42%, a post‑launch cooldown for the Macan EV, reduced U.S. EV incentives, and tougher Chinese competition.
- The company said the quarter was in line with expectations and, after a prior €1.8 billion earnings hit from product timing, new CEO Michael Leiters is pursuing cost cuts and preparing an all‑electric Cayenne launch from summer 2026.