Four-door sales prompt Porsche to raise financial predictions

Porsche has raised its financial forecast for this year on the back of soaring Porsche Panamera sales.

It had previously predicted a loss of more than a billion euros for the period up until 31 July, but now says that its loss will be less than a billion euros.

The past nine months have been particularly good for the company, with manufacturing output up 12 per cent, although deliveries were down 0.1 per cent year-on-year. In total, 13,906 Porsche Panameras were sold during this time.

That compares with plunging demand for the 911 (deliveries down 35 per cent) and Cayenne (down 23 per cent).

Porsches's full-year prediction is to sell more than the 75,238 vehicles it sold last year. It is anticipating a sales boost from the new Cayenne and six-cylinder Panamera, which go on sale imminently.

Porsche posted its first net loss since 1994 last year following its attempt to takeover VW.

See all the latest Porsche Panamera reviews, news and videoSee all the latest Porsche Cayenne reviews, news and video

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Porsche Panamera
The Porsche Panamera was first launched in 2009 and revamped in 2013

Can the four-door Porsche Panamera still do what’s expected of a Porsche?

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Comments
8

22 June 2010

I wonder how Autocar's pick, the overpriced, undersized and underperforming AM "Rapide" will do on sales in comparison. Less than four figures per annum will be my guess.

22 June 2010

Its amazing how well Porsche are performing considering how all their cars have the same nose treatment.Maybe now that VW own a majority stake in Italdesign they will let them loose in the dormant design studio at Porsche.

22 June 2010

Probably lots of people who wanted (or needed!) to buy a 4 seat Porsche, finally realised that the Cayenne was not the answer!

23 June 2010

[quote crashbangwallop]I wonder how Autocar's pick, the overpriced, undersized and underperforming AM "Rapide" will do on sales in comparison. Less than four figures per annum will be my guess.[/quote] Can but agree - the Panamera is a fabulous piece of kit, and very well integrated within the Porsche line up.

23 June 2010

[quote crashbangwallop]I wonder how Autocar's pick, the overpriced, undersized and underperforming AM "Rapide" will do on sales in comparison. Less than four figures per annum will be my guess.[/quote]

Good point, I've read that you can get a discount on a new one, unlike the Porsche.

23 June 2010

Porsche should learn to build Air Cooled engines again and this time give them proper air circulation get help from TATRA

23 June 2010

Porsche could have put the air cooled engine in the front and put proper a/c in the car. Air cooled engines do not rust from the inside out when left dormant for years because they are not water cooled. They do not have thermostats, water pipes, water pumps or radiators.

They just need very good air circulation and they need to be kept clean.

23 June 2010

[quote Autocar]It had previously predicted a loss of more than a billion euros for the period up until 31 July, but now says that its loss will be less than a billion euros.
[/quote]

Not really that helpful. Taken on the above, their forecast could have improved by just 2 euros...

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