On the eve of the Paris Motor Show, Porsche is reporting record revenue, profit and sales for the 2005/2006 year of business, which ended on July 31st. According to provisional figures, revenue of the Porsche Group was up 10.6 per cent to approximately Euro 7.27 billion (previous year: Euro 6.57 billion).
Group sales were up 9.5 per cent to a total of 96,794 cars (previous year: 88,379 units). This growth was driven in particular by Porsche’s new sports cars, the 911 accelerating by 23.6 per cent to 34,386 units — never before have so many 911s been sold in one year of business. Up by 55 per cent, the increase in Boxster sales was even more significant. Out of the record figure of 27,906 units, 14,002 of the cars sold were new Cayman models. Total production was 102,602 units, 12.8 per cent more than in the previous year (90,954 units).
09/27, 9:23 AM
posted by:
Andre Neves
And I love working for them. It’s funny how the company which almost collapsed(financially) back in the mid to late 80’s has turned everything around and become the most profitable in two decades.
Go Porsche!
09/27, 9:55 AM
posted by:
Fatstrat
An excellent product will usually do that for you.
`
There is no substitute.
09/27, 9:58 AM
posted by:
Andre Neves
I think it’s time for them to change their slogan…
“There is ABSOLUTELY no substitute.”
09/27, 10:23 AM
posted by:
angelo
what is the difference between “group sales” and “total production”? Is that number a figure for the amount of Porsches seating in dealer lots somewhere?
09/27, 11:10 AM
posted by:
Renton
I really like Porsches but every time I go into the dealership,which is not often, the chareges for the necessary options always blow me away.
$80K cars should come standard with Xenon headlights, and theyu should not cost $1800
Sportscars, especially Porsches should come standard with limited slip differentials.
No wonder they have record profits, I think they followed the business model of Harley-Davidson.
09/27, 11:35 AM
posted by:
Endurancevm
Porsche is profitable because of their marketing ploy. They go after what Ferrari does: offer a base model car with nothing, and because people still want a Porsche with stuff in it offer them really expensive options and they will bite. Its a good, profitable way to sell cars, however i will never buy one because of that. As someone stated above, i want my 80k car to come with AT LEAST xenon headlamps and power seats.
09/27, 12:52 PM
posted by:
1c3d0g
Renton: well Harley-Davidson nearly went bankrupt in the ’80’s so I can understand why they’d still do that. Custom choppers aren’t cheap either, West Coast Choppers and Orange County Choppers being a prime example.
09/27, 3:03 PM
posted by:
peter g
Andre Neves: Yes, it’s as simple as that…You make a good product and people will buy it, almost regardless of the price. And for the same reason that’s why US cars don’t sell…
09/27, 10:33 PM
posted by:
British_Rover
The options sheets for Porsches drive me nuts. I would rather just buy a used porsche and make it simplier.