German luxury carmaker Porsche on Monday reported a decline in global sales last year.

Worldwide deliveries dropped by 3%, totalling some 310,700 vehicles, according to the sports car manufacturer, which is part of the Volkswagen Group.

While Porsche experienced growth in four of its five global regions, including Germany, it saw a significant 28% drop in sales in China, which the company attributed to the region’s ongoing economic challenges.

Detlev von Platen, Porsche’s board member responsible for sales, said that the brand’s product range makes the manufacturer attractive for customers.

But he also acknowledged that the economic and geopolitical conditions in 2025 are expected to pose even greater challenges.

Source: dpa.com