Cars
Porsche Sales Sink 25% in U.S. After War, Supply Chain, Ship Disaster
The automaker, which is setting itself up for an IPO, has had a challenging first quarter.
Porsche delivered 301,915 vehicles, an 11% jump from 2020 and its highest-ever sales mark.
Photographer: Liesa Johannssen-Koppitz/BloombergEven the most buoyant of automakers is facing squalls after a perfect storm of supply-chain shortages, war, and the sinking of a cargo ship carrying millions of dollars worth of product across the Atlantic.
Porsche Cars North America Inc. announced on April 1 that U.S. retail deliveries in first quarter 2022 sunk 24.9% compared to the same quarter in 2021. The company delivered 13,042 units during the first three months of this year, down from 17,368 delivered during that period last year.