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June 2017 Sales For Porsche: Up 0.8%

|Includes: VLKAF, VLKPF, Volkswagen AG ADR (VWAGY)

Summary

Porsche up 0.8% in June, and 3.2% year to date.

911 and Boxster/Cayman both down a lot in June and for the year to date.

The ageing Cayenne SUV -- to be replaced next year -- also down big for June and the year to date.

Panamera and Macan up a lot, especially year to date.

Macan up 53.1% for June and 30.9% for the year.  Panamera up 2.4% for June and 36.5% for the year to date.

This article was first published on or about July 4, 2017, on my Seeking Alpha Marketplace site, where subscribers get early access to many of my articles.  You can view these articles here: https://seekingalpha.com/author/anton-wahlman/premium-articles

Porsche reported U.S. June 2017 month sales:

Porsche Reports June 2017 Sales


Porsche was up 0.8% in June, and 3.2% year to date.  Under the surface, however, big things are going on.


The sports cars -- 911 and Boxster/Cayman -- were both down a lot.  So was the ageing Cayenne SUV, which is on the cusp of being replaced in the next year.


Panamera and Macan are both up -- and for the year to date, a lot: Macan 30.9% and Panamera 36.5%.


The big picture here is simple:  Porsche is becoming less and less of a sports car company, and more one that sells four-door hatchbacks and SUVs.


Nothing wrong with that, of course.  Just a fact.

Disclosure: I am/we are long GM, F, GOOGL.

Additional disclosure: This article was first published on or about July 4, 2017, on my Seeking Alpha Marketplace site, where subscribers get early access to many of my articles. You can view these articles here: seekingalpha.com/...