Will Porsche ever stop making money?

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Autozine.org
Porsche sets sales record again
[SIZE=-1]Porsche has announced its business result in fiscal year 2005/06 ended 31 July. During the year, it sold a record 96,794 cars (up 9.5% from the previous year) and made a record pre-tax profit of Euro 2.1 billion, nearly doubled from the previous year. Among the profit, Euro 203 million came from its share in Volkswagen (it owns close to 30% shares of VW now), while Euro 81 million came from the sale of CTS to Magna.

More interesting to us are the production figures: a total of 102,602 vehicles were sold, with 911 (36,504 units) finally taking back the lead from Cayenne (35,128 units). The Boxster / Cayman twins amounted to 30,680 units, all were assembled by Valmet in Finland. Finally, 290 units of Carrera GT supercar left the Leipzig plant and finished its mission.
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Linky.


Its kind of creepy that Porsche makes so much money that the fact that they own nearly 30% of a ridiculously larger company still nets them only about 1/10th of the total profits. And nice to see the 911 take back the sales lead from the Cayenne. I wonder if it will hold up with the introduction of the new, uglier (yet probably considerably faster) Cayenne. Also, goodbye Carrera GT. You will be missed.
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When they start making bad, unrelieable cars, they will stop making money.
Most rich and nouveau riche men buy Porshces as soon as they can afford them.
 
If I weren't married, I'd have mine.

Since I'm married, She'll likely be driving her mustang.

And no, Porsche will stop making 911's when they have to sell one, just to get it off the lot.
 
You know, I remember in the late 80s when the world economy tanked and the sportscar market fizzled out, lots of people were wondering if Porsche would survive into the 90s as an independant entity. Rumors bounded about an impending sale to Daimler-Benz, if I remember correctly.

Then the 993 came along and Porsche seemed to gain some newfound life. But really, it was the Boxster that returned true profitability to Porsche after years of alternating periods of success and decline. The parts commonality between the 986 (Boxster) and 996 saved the company untold amounts of money. Compare this to the 944, 911 and 928 cars that had almost nothing in common.

The sale of expensive sportscars, like many luxury goods, are highly dependant on the world economy. So long as affluent people continue to spend more money than they tuck away, Porsche will have brisk business. When times turn lean and people start cutting 'frivilous' toys out of their budget is when companies like Porsche hurt. This is why they not only built the high volume Boxster, but the grotesque Cayenne.


M
 
Porsche's 30% stake in VW will also see them through any lean times when sales of luxury cars take a temporary dive.
 
I think it's Porsche's flexibility that'll see them through.

It was the Boxster, poo-poohed for not being a "real" Porsche, that helped revive Porsche, and the Cayenne (which many, including moi consider Porsce sacrilege) which is now helping make them a semi-volume seller.

But they're not overdoing the Cayenne, at least... they know where their heart is. :D
 
Of course, the really rich are hardly affected by economic downturns, but the fakers are the first to run and hide.
 
TheCracker
Porsche's 30% stake in VW will also see them through any lean times when sales of luxury cars take a temporary dive.
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yeah its crazy though that a sports car company can buy 30% of the worlds 4th largest car manufacturer.
 

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