Anabelle Colaco
12 Oct 2025, 09:55 GMT+10
STUTTGART, Germany: German luxury carmaker Porsche reported a drop in global sales for the first nine months of 2025, with a sharp decline in China weighing on overall performance amid what it called a "challenging" market environment.
The automaker said sales in China, its second-largest market, fell 26 percent as demand weakened under intensifying competition and sluggish consumer sentiment.
Globally, Porsche delivered around 70,836 vehicles between July and September, a decline of about six percent from a year earlier, according to a Reuters calculation. Deliveries for the January to September period totalled 212,509 vehicles worldwide.
Sales in North America, Porsche's largest market, edged up 4.7 percent during the third quarter, partly offsetting the steep downturn in Asia.
"We expect the market environment to remain challenging in the future," said Matthias Becker, a member of Porsche AG's executive board for sales and marketing.
The Stuttgart-based carmaker cut its outlook in September, citing weaker global demand, ongoing pressure in China, and higher U.S. tariffs as key headwinds.
Get a daily dose of Africa Leader news through our daily email, its complimentary and keeps you fully up to date with world and business news as well.
Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Africa Leader.
More InformationHamas released all 20 remaining living hostages held in Gaza on Monday, while Israel began releasing hundreds of Palestinian prisoners...
STRASBOURG, France: European Commission President Ursula von der Leyen warned this week that a wave of recent drone incursions and...
BRASILIA, Brazil: Brazilian Supreme Court Justice Luis Roberto Barroso announced this week that he will step down from the court —...
PARIS, France: After failing to win a majority in last year's snap legislative election, French far-right leader Marine Le Pen said...
WASHINGTON, D.C: This week, the Trump administration proposed banning Chinese airlines from flying through Russian airspace on routes...
YAOUNDE, Cameroon: As Cameroon prepares to head to the polls on Sunday, many young people say they will sit out the vote, convinced...
WASHINGTON, D.C.: President Donald Trump threatened to impose a new 100 percent tariff on all Chinese imports starting November 1 —...
HONG KONG: Long queues snaked outside Hong Kong's gold shops this week as residents rushed to cash in on a historic price surge that...
NEW DELHI, India: Prime Minister Narendra Modi inaugurated the Navi Mumbai International Airport, giving India's financial capital...
NEW YORK CITY, New York: Halloween may look a little less sweet for U.S. chocolate lovers this year. A new report from Wells Fargo's...
STUTTGART, Germany: German luxury carmaker Porsche reported a drop in global sales for the first nine months of 2025, with a sharp...
NEW YORK CITY, New York: As 2025 draws to a close, one viral TikTok trend is helping people refocus on their goals, from fitness to...
