Porsche Sales Implode 62% In June, Will They Be The Next Victim Of A Bad Global Economy?

News article of the day. I await to hear what the banks have to say when Porsche can no longer afford their loans.

— Joe_Limon (View Profile)

Posted on 7/1/2009 6:59:07 PM | reply to this comment | Votes: 5   

well. selling more cars doesn't guarantee more profit. GM was the perfect example (of course, given the situation GM was in, saling less cars would certainly kill GM much quicker). my point is, if Porsche can maintains a healthy profit margin, they will be fine.

— ghosthunter (View Profile)

Posted on 7/1/2009 7:11:08 PM | reply to this comment | Votes: 4   

Porsche forgot it was a car company and thought it was a hedge fund. The CEO needs to be axed.

— theoptimisticpessimist (View Profile)

Posted on 7/1/2009 7:57:40 PM | reply to this comment | Votes: 7   

Lmao@Porsche as a hedge fund. Nah, guys they will be ok.

— HyundaiSmoke (View Profile)

Posted on 7/1/2009 8:34:17 PM | reply to this comment | Votes: -4   

Hello Volkswagen! Porsche will now be swallowed whole by VW-Audi. So much for the so called most profitable company in the world.

— VISO (View Profile)

Posted on 7/1/2009 9:15:16 PM | reply to this comment | Votes: 4   

No surprises here though, you can't charge 2x more than a competitor's offering and get away with it for so long. Bye Bye Porsche :(

"There is no Substitute" -- apparently there are lots of substitutes!

haha

— sector (View Profile)

Posted on 7/1/2009 9:23:23 PM | reply to this comment | Votes: 2   

they are extremely overpriced

— Mate (View Profile)

Posted on 7/2/2009 12:11:47 AM | reply to this comment | Votes: 4   

009 is pointing his photon torpedos at Porsche, all you euro fanboys in trouble now(including agent001 and agentEL34).

— Badgewhore (View Profile)

Posted on 7/2/2009 1:28:05 AM | reply to this comment | Votes: 2   

Victim of a bad global economy? The only thing they're a victim of is zeal.

— Bmw8ter (View Profile)

Posted on 7/2/2009 9:22:35 AM | reply to this comment | Votes: 3   

It's all because the hedge fund duechebags can't afford them now or because they feel guilty buying them.

— Hachee2001 (View Profile)

Posted on 7/2/2009 10:11:25 AM | reply to this comment | Votes: 1   

Well, they do make the highest profit (approx $26K) per vehicle.

— AgentOrange (View Profile)

Posted on 7/2/2009 10:20:51 AM | reply to this comment | Votes: 2   

i have a 335xi, and no matter what ill do my best to get either an M3 or a Cayman S( if i can convince my wife, to let me get a 2 seater)

recently i went into a porsche dealership ( porsche of roslyn) the dealer had no idea about the cars, definitely arrogant, all he knew was numbers.
no doubt, the cars are overpriced, but people still want them. why ? probably because of the name "PORSCHE"

If you get into a base porsche boxster or base cayman, these cars have no power and they are still priced over 50,000 !! thats insane.

— iamdabest1 (View Profile)

Posted on 7/2/2009 10:29:45 AM | reply to this comment | Votes: 4   

Slodas are good cars, not as good as KIAs, but good.

— HyundaiSmoke (View Profile)

Posted on 7/2/2009 11:08:51 PM | reply to this comment | Votes: 1   

What did you expect...it's a VW after all!

— BobbyJ (View Profile)

Posted on 7/3/2009 1:33:53 AM | reply to this comment | Votes: 1