China puts Porsche in the fast lane as luxury car maker sets a new record
Wednesday 12 December 2012
Times may be tough for the economies of the world, but the global pinch has yet to reach the Porsche-driving classes.
The luxury car giant today revealed it had already sold a record number of cars this year.
It shifted 128,978 vehicles worldwide in the 11 months to November, beating the 118,868 sold in the whole of last year.
Porsche has seen surging demand for its vehicles in 2012, with sales last month alone up 39 per cent the previous year, and the luxury sector showing no sign of the malaise hampering the lower end of the car market. The boom in sales has been driven by China and the US, where Porsche managed sales growth of 63.4 per cent and 71.4 per cent respectively.
Europe, where overall car sales have fallen by more than 7 per cent overall, did not prove so fruitful, although Porsche still managed growth of 6.8 per cent on the continent.
The result is good news for Volkswagen, which completed a €4.46bn (£3.6bn) takeover of the car maker in July.
Bernhard Maier, the sales and marketing director at Porsche, said: "The fact we have already surpassed the previous year's result in November is no reason for us to rest on our laurels.
"On the contrary, it is an incentive to deliver maximum performance in the next year."
Meanwhile, Jaguar Land Rover also posted record numbers today as it announced it had sold 29,893 cars in November.
The Indian-owned car maker enjoyed a 14 per cent increase in sales on the same period a year earlier.
Earlier in the week it announced it was carrying out a feasibility study to look at the possibility of making cars in Saudi Arabia in an attempt to tap the country's vast oil wealth.
Sales of the tablet are set to fall again, say analysts
Met Police confirm there was a 'minor disturbance' and that no-one was arrested
George Lucas criticises the major Hollywood film studios
Does Chris Grayling realise what a vague concept he is dealing with?
Trend which requires crisps, a fork and a strong stomach is sweeping Mexico's streets
Parties threaten resort's image as a family destination
I Am Bread could actually be a challenging and nuanced title
- 1 Indian footballer Peter Biaksangzuala dies after injuring spine doing somersault celebration
- 2 Jack the Ripper: Scientist who claims to have identified notorious killer has 'made serious DNA error'
- 3 Banksy arrest hoax: Internet duped by fake report claiming that the street artist's identity has been revealed
- 4 Drink alcohol and eat meat to improve male fertility - but cut down on coffee, studies suggest
- 5 Brian Harvey turns up at Downing Street and 'demands to speak to Prime Minister'
Cameron is warned 'no possibility' of UK reducing immigration and that bid to bring in quota on migrant workers would be illegal
Residents should throw a street party and mix with immigrant neighbours, councils told
London bus driver allegedly kicks gay couple off for kissing
Russell Brand threatened with arrest after filming outside Fox News headquarters
Amal Alamuddin calls for the return of the Elgin Marbles from Britain: 'Injustice has persisted for too long'
Lord Freud: Tory welfare minister apologises after saying disabled people are 'not worth’ the minimum wage
iJobs Money & Business
£18 - 23k + Benefits: Guru Careers: We are seeking a Customer Service Executiv...
£60 - 65k + Benefits: Guru Careers: We are seeking a ASP.NET Web Developer / ....
£60,000 - £80,000: Saxton Leigh: Our client is an leading Asset Manager based...
£27000 - £32000 Per Annum: Clearwater People Solutions Ltd: Our large charity ...