Nothing makes a GM of a company so proud that he makes a whopping $17k on every product being sold. No matter which way you cut it, an automobile is a big-ticket item. But that doesn't mean that theirs manufacturer are making big profit margins. Except for Porsche. That company's making money hand over fist.

Just how much money? Bloomberg did the math: the 238,000 vehicles it sold last year and its $4.1-billion operating profit works out to an average of over $17,000 on every car it sells.

In other words, it could nearly buy a new VW Jetta for every vehicle it sells. If the company so chose, it could fill its lot with 238,000 Jettas based solely on its operating profit.

Of course, that's an average. So it likely makes more on, say, a Panamera Turbo S E-Hybrid or a 911 Turbo Cabriolet (pictured above) – both of which more than double their base model's MSRP at nearly $200k – than it does on a Macan, which starts at under $50k.

But even that price of admission is higher than those of most of its rivals. About $33k will get you in the door for a Mercedes GLA or CLA, or a base BMW 2 Series or 3 Series. Add to that the extensive options list of which many Porsche customers avail themselves and the prices start climbing even higher.

No wonder, with those profit margins, that Porsche had almost enough cash on hand to buy the entire Volkswagen Group, which by now has grown to become the largest automaker in the world.


Source:
http://www.autoreportng.com/2017/03/porsche-makes-over-17000-in-profit-on.html

Money speaking, speaking...


Lalasticlala, Seun, Marpol

And they lack CSR, they can't even dash me one car, just one car, any car no matter the amount it cost

nurey:
And they lack CSR, they can't even dash me one car, just one car, any car no matter the amount it cost

LOL... I will tell them that my guy needs one for his birthday. What about that?

nurey:
And they lack CSR, they can't even dash me one car, just one car, any car no matter the amount it cost

They know you​ will just sell it off

AutoReportNG:


LOL... I will tell them that my guy needs one for his birthday. What about that?

Don't only tell them, let them do something about it,
I need to own a porsche
I need to drive a Porsche
I always dream Porsche
That's why my next big thing is Porsche

SmartchoicesNG:


They know you​ will just sell it off

Why will I sell the Porsche? When I can use it meet new babes everyday at 4 point by Sheraton.

nurey:
And they lack CSR, they can't even dash me one car, just one car, any car no matter the amount it cost

Dash you one for what?
Na you be their immediate community abi society ? Thief.

$17000 profit on 1 car? That's advanced ritual...

PaperLace:

Dash you one for what?
Na you be their immediate community abi society ? Thief.

$17000 profit on 1 car? That's advanced ritual...

Oya, calm down, you will be the first to take a ride with me in my Porsche but you will be riding in the boot for calling me a thief

nurey:


Why will I sell the Porsche? When I can use it meet new babes everyday at 4 point by Sheraton.

Adetoro you like money more than that.

SmartchoicesNG:
Adetoro you like money more than that.

Whao you don catch me. Oya how did we meet?