The new car market in China continued to show robustness in September despite subdued consumer sentiment. A total of 2.08 million cars were sold in the People’s Republic last month, as the Chinese manufacturers’ association CPCA announced on Wednesday. This is an increase of 5 percent compared to the same month last year. There was a significant increase in electric cars: 563,000 vehicles sold means an increase of 11.2 percent.
The Chinese car market is the largest in the world. Recently, car sales in the People’s Republic, which is also an important sales market for German manufacturers, have picked up again. There had previously been massive drops in sales figures in May and even more so in April.
Also at the sports car manufacturer Porsche it’s going well. The VolkswagenThe subsidiary probably sold as many cars in the third quarter as the year before and achieved decent prices. Deliveries are likely to have been roughly at the level of the same period last year, the company confirmed on Wednesday after the last conversation with analysts and investors (“pre-close call”), before the usual rest period began with a view to the official communication of figures on October 25th becomes. A year earlier, Porsche delivered almost 73,000 cars to customers. The pricing was “intact”.
There were lower sales in July and August due to the staggered introduction of the Cayenne, which is coming onto the market in a refreshed version. However, as availability increased, this improved step by step towards the end of the quarter. Incoming orders remain robust. The Porsche AG preferred share rose by 2.3 percent in the afternoon as one of the best DAX stocks.