Best first quarter sales for Porsche image

VW’s most profitable division reported the best first three months in the company history with 55,974 new vehicles delivered worldwide.

This is good news for Volkswagen, as Porsche’s high profit margins keep fuelling the troubled German auto group. The maker of the 911 sports car managed to uplift its first quarter deliveries with almost ten percent compared with the first three months of 2015. Porsche delivered 55,974 vehicles by the end of March, thus surpassing the previous record from a year earlier.

The brand’s SUVs remained the main drivers behind the upward trend, with Macan being currently the most popular Porsche with 21,576 deliveries. Compared with the same period last year, the youngest member of company’s lineup saw an increase of around 20 percent, closely followed by the Cayenne with 17,598 vehicles (+8 percent).

The demand for the iconic 911 continued to be on the same level as in first quarter of last year, with 7,711 new units sold, while the mid-engine sports two-door Cayman and Boxster models recorded two-digit growth rates, with 3,029 units (+23 percent) and 2,822 units respectively (+27 percent).

China was once again the strongest single market in the first quarter of 2016 with deliveries of 16,409 vehicles, ranking ahead of the US’s 12,238 vehicles. The German market was surprisingly the only one to lag behind. “However, the orders received in Germany are an optimistic sign”, Porsche said.