Porsche sales fall in Europe and China amid sector's tariff fears

Porsche sales slumped in the first three months of the year as an increase in deliveries to the US was overshadowed by falls in Europe and China before Donald Trump's trade war triggered uncertainty in the global car industry.

- Lauren Almeida

The German car manufacturer reported a 37% rise in North American deliveries in the period from January to March, hitting 20,698, which Porsche said was partly because of low figures last year, when car deliveries were delayed due to import restrictions on Chinese components.

However, the growth in American orders was not enough to offset steep falls in China, its home market, Germany, and the rest of Europe, where deliveries fell by 42%, 34%, and 10% respectively.

Overall, deliveries of Porsche cars fell by 8% in the first quarter of the year to 71,470.