Porsche Inventory to Stay Down This Year
Dealers told at NADA Show that supply issues haven’t gone away.
Porsche dealers were told that the German automaker will prioritize performance models as supply constraints continue, including the GT and GTS.
IMAGE: Porsche
Porsche executives told Automotive News that inventory will continue to be reduced this year as pandemic-related supply constraints linger across the industry.
Dealers were told at the recent National Automobile Dealers Association Show in Dallas that the German automaker will prioritize performance models, such as the GT and GTS.
Porsche Board of Regents Chairman Mike Sullivan told the publication that dealers’ questions to brand executives at the show focused on sales and production this year, and that they’re clamoring for more inventory.
Sullivan told Automotive News that U.S. Porsche sales should be in the low 70,000s, about flat compared to last year but nevertheless profitable for its North American arm and its dealers.
Its 2022 U.S. retail deliveries totaled a tad over 70,000, a historic best for Porsche Cars North America and outperforming the 2021 record, it said. Its certified preowned sales rose 10% for a record of nearly 33,000.
Originally posted on Auto Dealer Today
More Industry
RV Group Expands Carolina Footprint
Blue Compass RV Columbia Northeast is the 13th RV dealership owned by Blue Compass in the Carolinas.
Read More →
Agent Acumen
An Agent Summit panel of people who’ve been supporting auto dealers for years gave both timely and timeless advice for those starting out or mulling the prospect.
Read More →
Missed Maintenance Creates Opportunity
As families get back on the road and into daily school routines, service drives have an opportunity to capture customers who are behind on recommended vehicle maintenance.
Read More →
Mitsubishi Unveils U.S. Plan
The automaker announced a strategy that includes an expanded lineup and dealership presence, along with more ‘rugged’ and electric models.
Read More →
Selling to Grow
The question of whether you should sell your agency and if so, when, is up to you. But it’s a question worth asking to ensure you keep the business on the right path for yourself, employees and clients.
Read More →
Recalled Vehicles Hit 5-Year High
Though the number of events has fallen so far this year, impacted units are up significantly. Meanwhile, regulators consider consumer notification changes.
Read More →
Auto Group Acquires Top-Performing Rooftop
Car Pros sold its Kia Huntington Beach location to Sutherlin Automotive Group, marking the buyer’s third location in Southern California.
Read More →
China as Pacesetter
Automotive leaders huddled on where North America stands in the global picture and how it can strengthen its position against the Asian juggernaut’s surging industry.
Read More →
BMW Concept Car Makes Fuel to Burn
The prototype developed in concert with a South Carolina university engineering team generates more solar energy than it uses in a typical daily commute.
Read More →
South Carolina Auto Group Downsizes
Florida-based group Holler-Classic has acquired four rooftops, its first in South Carolina, from Dick Smith Automotive Group.
Read More →