German sportscar maker Porsche saw big Q1 sales drops in China and US

German luxury sportscar manufacturer Porsche saw worldwide sales dip slightly during the first quarter of the year, the company reported on Wednesday. From January to March, Porsche delivered 77,640 vehicles, a decline of 4% compared to the same quarter last year. The drop is due to declines in China, Porsche's most important market, as well as in North America. Almost a quarter fewer vehicles were exported to each of these markets, the company said. Porsche cited several reasons for the 24% dro