Porsche has posted the Q3 2018 results, where the company recorded a 6% growth compared to 2017. In Germany alone, deliveries increased by 13%. Growth in China, the largest single market of Porsche, was 4% with 56,254 vehicles delivered.
In the Porsche model range, the Panamera showed the largest percentage increase of up to 60%, of which, the plug-in hybrid models took 60% share in Europe. The 911 also saw double-digit growth with a plus of 19%. When it comes to the volumes, the Macan sold 68,050 units, followed by the Cayenne with 49,715 units.
Porsche has not had any diesel models in its product range since the middle of February 2018. At the end of September, the Executive Board took a final decision to no longer offer any diesel-powered vehicles in the future. More on that here. Apparently, the customers are showing great interest in hybrid models, which explains the aforementioned 60% share of the Panamera plug-in hybrid.
Challenges ahead
“There are a number of significant challenges that await us in the fourth quarter, and we will take proactive steps to ensure that we face up to them successfully. This includes the changeover to the new WLTP test cycle and petrol particulate filters and the farewell to diesel engines,” said Detlev von Platen, Member of the Executive Board for Sales and Marketing.
The new emissions legislation has been in force in Europe since 1st September.
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