Porsche posts record sales and profits in 2023, SUV deliveries down

AutoExec Summary
Porsche had a successful year in 2023, with a profit of €7.3 billion and a 3.3 per cent increase in car deliveries. The Cayenne remained the top-selling model, but the 911, Taycan, and 718 series all saw significant sales improvements. Europe was the largest market, with Germany alone accounting for 32.0 per cent of sales. China fell to third place behind North America. Overall, Porsche reaffirmed its position as one of the world’s most profitable carmakers.

Brands mentioned:
Porsche, Volkswagen Group