Porsche Earns an Average $17000 Profit for Every Sold Car Says Bloomberg

The Stuttgart automaker is showing everyone their prowess at maximizing profits. Porsche has convincingly proved that car manufacturing can be a money-making machine as the firm tallied an average of $17000 profit for every purchased car in the 238,000 vehicles it sold last year, based on the computation done by Bloomberg.

Bloomberg provided the math behind Porsche's humongous sum earned last year. According to the financial firm, the total 238 000 cars sold in the previous year summed up a whopping total of $4,1 billion operating profits or more than $17000 profit each car. For these 238 000 vehicles, the average car transaction price was amounting to $90 000.

The automaker giant logged a 10 percent jump in its profit compare to its last year's performance. Also, Porsche's profit margin was higher compare to its rivals like BMW and Mercedes, both just tacked on $5,000 profit for every car they sell.

But what was more impressive from Bloomberg's recent data was that Ferrari also makes $90,000 on each car sold, same with Porsche. But Ferrari has a wide array of business including clothing, theme parks, trinkets and car manufacturing while the German manufacturer focuses solely on car making, which means that the profit it earns is literally insane.

In fact, Porsche's $17,000 profit per car, estimated by Bloomberg, can buy a new VW Jetta each time the German company sold a vehicle. With last year's figure, the automobile manufacturer could fill its lot with more than 200000 VW Jettas from its operating profit alone, if the firm decided so.

Not selling cheap cars truly worked to the company's advantage but profits also got a much-needed lift from optional extras. Macan, a five-door luxury crossover by Porsche adds another $5400 for the 21-inch wheels, another $4900 for its espresso colored seats and another $6500 for a custom exterior color.