This seems unlikely.
In reporting its global sales for the first three quarters of 2022 Porsche noted that its ales in China—its largest single market—were down. Only down by one percent, but down.
Still, overall the company is up two percent compared to the same period in 2021.
Sales in North America were also down. By four percent.
So that means the #1 and #2 markets for the sports car manufacturer were down.
The case in China, Porsche said, was largely caused by the COVID-related lockdowns imposed there various times this year.
As for the North America, the company cited logistical challenges.
Turns out that Europe, including the home market in Germany, made the difference.
In Europe minus Germany sales were up 11%, to 42,204.
Germany had a rise of nine percent, to 20,850 vehicles.
China sales were 68,766 units and in North America the number was 56,357.
In total, the company sold 221,512 units.
The electric Taycan deliveries were down by 12%, to 25,452, which Porsche attributes to “supply chain-related bottlenecks and declining parts availability.”
Doesn’t seem all that long ago that the Taycan was really going to take it to Tesla. Even though the Model S, refreshing notwithstanding, is long in the proverbial tooth, doesn’t seem that much of a bite has been taken out of it.