Porsche popularity surges
Saturday 25 March 1995
Despite the strong mark, sales in the half-year to January rose from 7,033 to 10,043, with Porsche seeing a good export performance. The company said it expected to break even in the year to July, against a net loss of DM150.2m last time.
The German market is still the biggest for Porsche, but US sales continue to grow and now account for a third of turnover. American sales doubled to 3,293 from 1,746.
The company made revenues of DM1.188bn for the six months and forecasts DM2.5bn of sales for the year.
The results reflect the trend among sports and luxury car makers. Jaguar saw sales rise 30 per cent in 1995, with a surge in Germany of 83 per cent and a doubling in sales in Japan.
With UK sales of luxury cars rising 11 per cent this year, they have outperformed the rest of the market by 4 per cent. Ian Wheeler, finance director of luxury car dealer Pendragon, explained the rise. "In the early 1990s this part of the industry was suffering the most, and now it is increasing the most."
- 1 The West has it totally wrong on Lee Kuan Yew
- 2 Watch: Man takes selfie every mile of 2,600 mile hike, creates amazing timelapse video
- 3 The day I starred in Only Fools and Horses
- 4 #FreeTheNipple: Women in Iceland bare breasts in solidarity with trolled student
- 5 Scientists have discovered a simple way to cook rice that dramatically cuts the calories
Germanwings captain Patrick Sondenheimer tried to break into locked cockpit door 'with an axe' as plane was descending
Saudi Arabia says it won't rule out building nuclear weapons
The battle for the Middle East's future begins in Yemen as Saudi Arabia jumps into the abyss
Jeremy Clarkson 'could be given minder' ahead of a potential Top Gear return
#FreeTheNipple: Women in Iceland bare breasts in solidarity with trolled student
Ukip supporters are 55 or older, white and socially conservative, finds British Social Attitudes Report
JK Rowling responds to fan tweeting she 'can't see' Dumbledore being gay
Jeremy Clarkson sacked live: Alan Yentob 'wouldn't rule out' ex Top Gear host's BBC return
Revealed: Putin's army of pro-Kremlin bloggers
Germanwings plane crash: Co-pilot Andreas Lubitz wanted to 'do something people would remember him for'
Andreas Lubitz: Knee-jerk reaction to 9/11 enabled mass murder
iJobs Money & Business
Negotiable: Recruitment Genius: To provide a prompt, friendly and efficient se...
Negotiable: Recruitment Genius: You will be the first point of contact for all...
£18000 - £24000 per annum + benefits: Ashdown Group: HR, Payroll & Benefits Of...
£35000 - £38000 per annum + benefits : Ashdown Group: A highly successful, int...