FRANKFURT -- Porsche will raise prices in all markets for specific models by up to 2.8 percent this year due to strong demand for its lineup, the German luxury car maker said on Friday.
Starting June 1, Porsche will charge 2.8 percent more for the Cayenne S offroader, although customers will continue to pay the same amount for the Cayenne base version and the Cayenne Turbo.
Two months later, the price for the entry-level Boxster will rise by 0.5 percent and for the more powerful Boxster S by 1.8 percent.
The next-generation 911 sports cars, also known as the 997, will also cost more starting Aug. 1. Buyers will have to add on 2 percent to the current base price to get their hands on a 997-generation 911.
The news further demonstrates that while most other carmakers need to resort to incentives to sell their products, Porsche's iconic image helps it to improve its pricing power even in the midst of a difficult market.
This comes despite Wednesday's news that its quality continued to be rated among the worst in the industry according to a J.D. Power survey.
Porsche's poor ranking, 32 out of 36 surveyed brands, remains linked to complaints from U.S. buyers relating to its Cayenne SUV.
A spokesman for Porsche said late on Thursday that customers were unhappy with the Cayenne's harder suspension compared to other rivals and had also reported problems with its radio remote control functions, which are now being analyzed.