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.

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.

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,