German sports car maker Porsche AG reported a 28% tumble in 2024 China sales on Monday, as persistent weakness in the world's largest car market hit German carmakers. Porsche, majority-owned by Volkswagen,

Porsche deliveries to Chinese customers slumped more than a quarter this year, as the luxury-car maker blamed a “continuing challenging economic situation” in the country. The German maker of sports cars on Monday said it delivered 56,

The drop weighed on global sales, which were down 3per cent at 310,718 vehicles compared with 2023. This came despite growth in its other markets, including an 11per cent rise at home in Germany.

The carmaker reported a drop in 2024 car deliveries with weakness in China offsetting growth in other markets, and said the year ahead is likely to remain tough.

German luxury carmaker Porsche on Monday reported a decline in global sales last year. Worldwide deliveries dropped by 3%, totalling some 310,700 vehicles, according to the sports car manufacturer, which is part of the Volkswagen Group.