Porsche sells more cars due to demand in the US and China

Porsche sells more cars due to demand in the US and China

STUTTGART (AP / BLOOMBERG) – Porsche has sold more cars than last year. The German carmaker, part of the Volkswagen car group, owes much of its growth to increased demand from the United States and China. Since it was not possible to travel and eat outside, the rich spent more money last year on other luxury items such as expensive cars.

Porsche says it will be able to sell nearly 302,000 cars in 2021, 11 percent more than the previous year. The most popular models are Macan and Cayenne SUVs. 7.5 percent of vehicles sold by Porsche are fully or partially electric. The parent company Volkswagen suffered from a chip shortage. Overall, the group sold 4.9 million cars from its flagship brand, Volkswagen, down more than 8 percent.

Mercedes-Benz, a subsidiary of Daimler, sold fewer cars last year than its rival BMW. This is the first time since 2015. Both German carmakers are focusing on the most luxurious side of the market.

Mercedes, which sold 2.2 million cars under the BMW brand, sold 2.1 million cars last year. Mercedes was hit hard by the chip shortage, especially in the second half of the year. As a result, car group sales are expected to decline by 5 percent in 2021. Mercedes expects the sector to continue to suffer from shortages in the first half of the year. Despite the shortage of chips, BMW sold more cars than ever before. The company has delivered 9 percent more vehicles than last year.

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