At a glance
- Best-ever first-quarter sales for 911
- 718 deliveries up 5% compared to the first three months of last year
- Best Porsche Approved Certified Pre-owned Q1 performance to date
Porsche Cars Canada, Ltd. (PCL), importer and distributor for the sports car manufacturer from Stuttgart, today reported first-quarter total sales of 1,658 units. This represents a year-over-year decrease of 25%. Porsche Approved Certified Pre-Owned vehicle sales achieved a stellar first quarter with 885 units reported, an increase of 12% versus the same period in 2022.
"Supply complexities limited our sales performance to start the year," said John Cappella, President & CEO, Porsche Cars Canada, Ltd. ‟As we see relief in this area over the next months, we also look to the arrival of anticipated new vehicles that will further diversify and energize our portfolio.”
| Model | PCL First Quarter Sales | |
|---|---|---|
| 2024 | 2023 | |
| 718 Boxster | 55 | 31 |
| 718 Cayman | 44 | 63 |
| 911 | 321 | 188 |
| Cayenne | 483 | 655 |
| Macan | 671 | 1,084 |
| Panamera | 51 | 59 |
| Taycan | 33 | 131 |
| Grand Totals | 1,658 | 2,211 |
| Porsche Approved Certified Pre-Owned | 885 | 788 |
This press release contains forward-looking statements and information that reflect Porsche AG's current views about future events. These statements are subject to many risks, uncertainties, and assumptions. They are based on assumptions relating to the development of the economic, political, and legal environment in individual countries, economic regions, and markets, and in particular for the automotive industry, which we have made on the basis of the information available to us and which we consider to be realistic at the time of publication. If any of these risks and uncertainties materializes or if the assumptions underlying any of the forward-looking statements prove to be incorrect, the actual results may be materially different from those Porsche AG expresses or implies by such statements. Forward-looking statements in this presentation are based solely on the circumstances at the date of publication. We do not update forward-looking statements retrospectively. Such statements are valid on the date of publication and can be superseded. This information does not constitute an offer to exchange or sell or an offer to exchange or buy any securities.
About Porsche Cars Canada, Ltd.
Established in 2008, Porsche Cars Canada, Ltd. (PCL) is the exclusive importer and distributor of the Porsche 911, 718 Boxster and 718 Cayman, Taycan, Panamera, as well as Cayenne and Macan. Headquartered in Toronto, Ontario, since 2017, PCL employs a team of more than 70 in sales, aftersales, finance, marketing, retail development, and public relations. They, in turn, work to provide Porsche customers with a best-in-class experience in keeping with the brand's more than 75-year history of leadership in the advancement of vehicle performance, safety, and efficiency. In 2019, a Parts Distribution Centre opened its doors in Mississauga to service the countrywide network of 23 Porsche Centres. PCL is the dedicated subsidiary of Porsche AG, headquartered in Stuttgart, Germany.
At the core of this success is Porsche's proud racing heritage that boasts some 30,000-plus motorsport wins to date.
