Porsche makes 21,799 per car (Update-Porsche denies Optimistic Earnings/Car Report)
01-22-07, 08:45 AM
#1
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Porsche makes 21,799 per car (Update-Porsche denies Optimistic Earnings/Car Report)
Monday 22 January 2007
A recent study has found that German sports carmaker Porsche earns significantly more in profit from each of its sales than any other car manufacturer in the world. On average, Porsche earned a massive 21,799 of profit before tax on every vehicle it sold last year. In comparison, BMW earned just 2,475 per vehicle sold or roughly nine times less than Porsche, while Audi only managed 1,580 per car. DaimlerChrysler and Volkswagen just scraped by with 708 and 332 per car sold respectively.
For the last financial year, Porsche sold over 97,000 vehicles and charted a record gain of 2.1 billion in profits before tax. However, a significant portion of the companys profits came from increased return from its stake in Volkswagen Group but the Stuttgart carmaker still beats the competition by a significant margin. As far as profits are concerned, the worlds carmakers will be trailing Porsche for some time to come.
A recent study has found that German sports carmaker Porsche earns significantly more in profit from each of its sales than any other car manufacturer in the world. On average, Porsche earned a massive 21,799 of profit before tax on every vehicle it sold last year. In comparison, BMW earned just 2,475 per vehicle sold or roughly nine times less than Porsche, while Audi only managed 1,580 per car. DaimlerChrysler and Volkswagen just scraped by with 708 and 332 per car sold respectively.
For the last financial year, Porsche sold over 97,000 vehicles and charted a record gain of 2.1 billion in profits before tax. However, a significant portion of the companys profits came from increased return from its stake in Volkswagen Group but the Stuttgart carmaker still beats the competition by a significant margin. As far as profits are concerned, the worlds carmakers will be trailing Porsche for some time to come.
01-22-07, 11:11 AM
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01-22-07, 12:13 PM
#10
Lexus Fanatic
Proves that Porches especially the 911 are way overpriced. I love the 911 and know it is a great car and plan to own one in my lifetime but it will definitely not be a new one with the insane prices they charge for the car. Then you get burned for all the options which should be standard which generally costs 4 times more on a Porsche as they do on other brands as well as the parts and maintenance costs. Even interior trim piece options costs thousands of dollars. Porsche prices the 911 out of reach for most driving enthusiasts and instead the only people who can afford them are mainly very wealthy or rich doctors, CEOs, and lawyers who know little about the car nor appreciate it and it is just one of their expensive toys they get to show off their wealth. I don't think this is the image that Porsche originally wanted with the 911. I think considering the performance and build of a 911 it should start around 56K and not go over 62K unless you are getting turbo, awd, or GT3 models. I would pay maybe 8 or 9 grand over a Corvette for a 911 for the better interior and more pure bred sports car feel and design even though the Corvette outperforms it in just about every category but paying almost double the price of a Corvette for a 6 cylinder with 320 horsepower is just too much.
With all the money they are making on their success with other models Porsche does not need to overcharge so much on the 911 anymore and the "purists" who complain about lower prices are generally just buying the car for the name and to feed their egos that they drive something more expensive and rarer then most other people instead of a car that gives them the sports car experience without taking out a second mortgage to afford it. A base 911 is not really an exotic car to be commanding those kind of prices.
With all the money they are making on their success with other models Porsche does not need to overcharge so much on the 911 anymore and the "purists" who complain about lower prices are generally just buying the car for the name and to feed their egos that they drive something more expensive and rarer then most other people instead of a car that gives them the sports car experience without taking out a second mortgage to afford it. A base 911 is not really an exotic car to be commanding those kind of prices.
01-22-07, 12:26 PM
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01-22-07, 03:22 PM
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Not a shock, it's been pretty well known they are among the most profitable automaker, if not the most profitable.
Actually, 911's have always been rather pricey, go back and do comparisons and you can further adjust for inflation, and see that they have been pricey.
Furthermore, Porsche should continue to overcharge. It helps keep the 993 Turbo and 930 Turbo values great (which keeps them in the hands of purists not idiots) Sorry, the aircooled 911's are track monsters, and they have a personality that is unreal.
I NEVER want to see a GT2 in the hand of a yuppie. Thankfully I haven't (in person). GT3's... well, eh, at least as the RS's get some track time.
Whats funny is how much they charge to have the crest put on the center caps of wheels
You can actually thank Toyota for being called in to revamp the production to modern levels, boosting profits more. Porsche needs the money anyhow, they don't want to have their affairs meddled with by outsiders, cash makes a nice barrier.
Sorry, I come from a P-car family, used to race a 951.
Actually, 911's have always been rather pricey, go back and do comparisons and you can further adjust for inflation, and see that they have been pricey.
Furthermore, Porsche should continue to overcharge. It helps keep the 993 Turbo and 930 Turbo values great (which keeps them in the hands of purists not idiots) Sorry, the aircooled 911's are track monsters, and they have a personality that is unreal.
I NEVER want to see a GT2 in the hand of a yuppie. Thankfully I haven't (in person). GT3's... well, eh, at least as the RS's get some track time.
Whats funny is how much they charge to have the crest put on the center caps of wheels
You can actually thank Toyota for being called in to revamp the production to modern levels, boosting profits more. Porsche needs the money anyhow, they don't want to have their affairs meddled with by outsiders, cash makes a nice barrier.
Sorry, I come from a P-car family, used to race a 951.
01-22-07, 08:27 PM
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I just realized what that translates to and it sunk in when I started thinking how much a GS is.
Mmm... yea, my praise of Porsche has gone from deserved to "place thee on thy golden pedestal"
Redefines "slaying the customer"
Mmm... yea, my praise of Porsche has gone from deserved to "place thee on thy golden pedestal"
Redefines "slaying the customer"