In Q1 of this year, sales of German premium car maker Porsche (DE:PSHG_p), part of Volkswagen Group (DE:VOWG), in the US collapsed by 24.9% due to supply chain disruptions and a fire on a cargo ship carrying luxury cars across the Atlantic.

The company said in a press release that it sold 13,042,000 vehicles in the U.S. in January-March compared to 17,368,000 in the same period a year earlier.

The company cited problems with parts supply as the main reason for the drop in sales, including due to Russia’s military aggression in Ukraine. Porsche gets many parts from Ukrainian companies, Porsche head Oliver Blume noted earlier. “We have different suppliers in Ukraine and we have experienced delays in deliveries,” Blume said during a press conference in mid-March. – “We have to cope with the difficulties that have affected the entire model range.

In addition, sales were affected by a fire on the cargo ship Felicity Ace near the Azores in late February. The ship was carrying 4,000 cars, including Porsche, Audi, Bentley, and Lamborghini vehicles, totaling about $400 million.

Last quarter, sales of all Porsche models declined, except for the Panamera sedan – deliveries of this model to customers in the U.S. rose to 787 from 451 a year earlier. Sales of Porsche Macan fell to 6,391 thousand from 4,772 thousand, the iconic model Porsche 911 – to 2,123 thousand from 2,782 thousand.

As reported, Volkswagen Group plans to list Porsche by listing about 12.5% of the company’s shares. IPO may take place no earlier than the fourth quarter of 2022, but the final decision on the details and timing of the placement has not yet been made.