Porsche sales in the first quarter of 2022 fell 5% year-over-year to 68,426 units worldwide.
But the results were mixed. Sales in Europe increased by 18% to 22,791, and the volume of the German domestic market of 6,925 increased by 16%. In China, the brand’s largest single market, there was a 20% drop to 17,685 “deliveries” due to the closure of coronavirus-related dealers in some regions and unspecified “logistical problems”.
Sales and Marketing Manager Detlev von Platen said: “Coronavirus recovery in some regions, such as China, combined with persistent significant supply and logistics problems, has put us to the test.
“We remain vigilant as we move to the second quarter, especially in light of the armed conflict in Ukraine. The impact on our business activities is constantly reviewed and assessed. Despite all this, we remain optimistic in our overall forecast. “