Latest news with #MatthiasBecker
Time of India
09-07-2025
- Automotive
- Time of India
Porsche warns of challenging H2 after 6% sales decline
HighlightsPorsche AG reported a 6 percent decline in global deliveries in the first half of the year, with a notable slowdown in the lucrative United States market. The company faces fierce competition in China, leading to a significant 28 percent drop in sales in the world's largest auto market, as local brands gain dominance. Despite overall challenges, the Porsche Macan sport utility vehicle emerged as the brand's top performer, with a 15 percent increase in sales, nearly 60 percent of which were from the all-electric version. Porsche AG warned of a tough road ahead for sales this year after a slowdown in the lucrative US market and persistent weakness in China. The sportscar maker's global deliveries fell 6 per cent in the first half of the year, an improvement on the sharper decline recorded in the first quarter. In North America, where Porsche relies solely on imports, growth slowed to 10%, from a 37 per cent surge in the three months through March. 'We expect the environment to remain challenging,' Matthias Becker, Porsche's board member for sales and marketing, said Tuesday in a statement. The company cited fierce competition in China as the main factor behind its 28 per cent sales slump in the world's biggest auto market. European luxury-car makers are losing momentum in the US and continue to fall behind in China, where local brands are taking over. Mercedes-Benz Group AG on Monday said its sales dropped 10 per cent in the second quarter after President Donald Trump's tariffs curbed deliveries in the US and China. Porsche is one of the manufacturers most exposed to the levies because it lacks a factory in the US. Addressing its performance in China, the Volkswagen AG-controlled brand pointed to fierce competition in the luxury and electric-vehicle segments that are increasingly dominated by homegrown manufacturers led by BYD Co. Global sales of the 911 fell 9 per cent due to the phased introduction of updated versions. The Macan sport utility vehicle was the brand's top performer, with sales up 15 per cent in the first half — almost 60 per cent of them the all-electric version.
Time of India
09-07-2025
- Automotive
- Time of India
Porsche warns of challenging H2 after 6% sales decline
Porsche AG warned of a tough road ahead for sales this year after a slowdown in the lucrative US market and persistent weakness in China. The sportscar maker's global deliveries fell 6 per cent in the first half of the year, an improvement on the sharper decline recorded in the first quarter. In North America, where Porsche relies solely on imports, growth slowed to 10%, from a 37 per cent surge in the three months through March. 'We expect the environment to remain challenging,' Matthias Becker, Porsche's board member for sales and marketing, said Tuesday in a statement. The company cited fierce competition in China as the main factor behind its 28 per cent sales slump in the world's biggest auto market. European luxury-car makers are losing momentum in the US and continue to fall behind in China, where local brands are taking over. Mercedes-Benz Group AG on Monday said its sales dropped 10 per cent in the second quarter after President Donald Trump's tariffs curbed deliveries in the US and China. Porsche is one of the manufacturers most exposed to the levies because it lacks a factory in the US. Addressing its performance in China, the Volkswagen AG-controlled brand pointed to fierce competition in the luxury and electric-vehicle segments that are increasingly dominated by homegrown manufacturers led by BYD Co. Global sales of the 911 fell 9 per cent due to the phased introduction of updated versions. The Macan sport utility vehicle was the brand's top performer, with sales up 15 per cent in the first half — almost 60 per cent of them the all-electric version.
Hindustan Times
08-07-2025
- Automotive
- Hindustan Times
Porsche Deliveries Fall on Weakness in China and Germany
Porsche car deliveries fell 6% in the first half of the year to 146,391 vehicles as strong growth in North America failed to offset sharp declines in China and Germany. Porsche has cut guidance twice this year.(Reuters) The fall in deliveries follows an 8% decline in the first quarter as it faces challenges in juggling the transition to electric vehicles with intense competition in China and new trade hurdles from President Trump's automobile tariffs that began in April. First-half deliveries in North America rose 10% on year to 43,577 vehicles, buoyed by higher product availability in the market and price protection that the company offered against the higher import tariffs, Porsche said. The German premium sports-car maker said Tuesday that the Chinese market is still challenging, particularly in the luxury segment, so focus remains on balancing demand and supply. Deliveries in the country fell 28% to 21,302 cars in the first six months of the year. In Europe, deliveries fell 8% to 35,381 cars, with Germany having a 23% drop, though Porsche noted that last year there was disproportionately strong growth in both markets. The company expects the environment to remain challenging in the second half of the year. 'This makes it all the more important that we work closely with our sales regions to carefully balance supply and demand in line with our 'value over volume' strategy,' Matthias Becker, member of the executive board for sales and marketing, said. Porsche has cut guidance twice this year, warning of hits from U.S. import tariffs, a realignment of its battery activities, and investments in new combustion engines and hybrid models as it scales back its EV ambitions to refocus efforts on gas-powered cars with the market transition to EVs taking longer than expected. However, in its statement Tuesday, it said it significantly increased the share of electrified vehicles it sold in the first half of 2025. Around 36.1% of the cars it delivered in the period were electrified, with 23.5% all-electric vehicles and 12.6% plug-in hybrids. The Macan recorded the strongest growth among the sports car manufacturer's six model series, with an increase of 15%. Deliveries of the Panamera grew by 13%. 'The fully electric Macan is making a significant contribution to our proportion of electrified cars,' Becker said. 'Overall, we have succeeded in keeping sales volumes stable and balanced across the sales regions despite ongoing geopolitical challenges.' Write to Dominic Chopping at
Business Times
08-07-2025
- Automotive
- Business Times
Porsche warns of challenging H2 after 6% sales decline
[Stuttgart] Porsche warned of a tough road ahead for sales this year after a slowdown in the lucrative US market and persistent weakness in China. The sportscar maker's global deliveries fell 6 per cent in the first half of the year, an improvement on the sharper decline recorded in the first quarter. In North America, where Porsche relies solely on imports, growth slowed to 10 per cent, from a 37 per cent surge in the three months through March. 'We expect the environment to remain challenging,' Matthias Becker, Porsche's board member for sales and marketing, said on Tuesday (Jul 8) in a statement. The company cited fierce competition in China as the main factor behind its 28 per cent sales slump in the world's biggest auto market. European luxury-car makers are losing momentum in the US and continue to fall behind in China, where local brands are taking over. Mercedes-Benz Group on Monday said its sales dropped 10 per cent in the second quarter after President Donald Trump's tariffs curbed deliveries in the US and China. Porsche is one of the manufacturers most exposed to the levies because it lacks a factory in the US. Addressing its performance in China, the Volkswagen-controlled brand pointed to fierce competition in the luxury and electric-vehicle segments that are increasingly dominated by homegrown manufacturers led by BYD. Global sales of the 911 fell 9 per cent due to the phased introduction of updated versions. The Macan sport utility vehicle was the brand's top performer, with sales up 15 per cent in the first half – almost 60 per cent of them the all-electric version. BLOOMBERG
Mint
08-07-2025
- Automotive
- Mint
Porsche Warns of Challenging Second Half After 6% Sales Decline
(Bloomberg) -- Porsche AG warned of a tough road ahead for sales this year after a slowdown in the lucrative US market and persistent weakness in China. The sportscar maker's global deliveries fell 6% in the first half of the year, an improvement on the sharper decline recorded in the first quarter. In North America, where Porsche relies solely on imports, growth slowed to 10%, from a 37% surge in the three months through March. 'We expect the environment to remain challenging,' Matthias Becker, Porsche's board member for sales and marketing, said Tuesday in a statement. The company cited fierce competition in China as the main factor behind its 28% sales slump in the world's biggest auto market. European luxury-car makers are losing momentum in the US and continue to fall behind in China, where local brands are taking over. Mercedes-Benz Group AG on Monday said its sales dropped 10% in the second quarter after President Donald Trump's tariffs curbed deliveries in the US and China. Porsche is one of the manufacturers most exposed to the levies because it lacks a factory in the US. Addressing its performance in China, the Volkswagen AG-controlled brand pointed to fierce competition in the luxury and electric-vehicle segments that are increasingly dominated by homegrown manufacturers led by BYD Co. Global sales of the 911 fell 9% due to the phased introduction of updated versions. The Macan sport utility vehicle was the brand's top performer, with sales up 15% in the first half — almost 60% of them the all-electric version. More stories like this are available on
