Bloomberg named Porsche 911 the most profitable car of the year

The eighth generation of the legendary Porsche 911 brought the German manufacturer a record share of profits – over the year, no other elite car earned so much for its automaker. These revenues will help balance the costs Porsche will need to produce the first Taycan electric car.
The latest version of the Porsche 911, known as the 992 series, has become the most profitable of all cars presented in a year, Bloomberg reports. The eighth generation of sports cars brought Porsche AG 30% of the total profit the company received, while it accounted for only 11% of sales.

In terms of the share of profit brought to the manufacturer, the latest Porsche 911 model exceeded the Ferrari F8 Tributo, Aston Martin DBX, Mercedes-Benz GLE or BMW X5. The F8 Tributo, for example, accounted for 50% of Ferrari sales, but it provided only 17% of the company’s profits. Continue reading →