Chinese sales help Porsche set new record: company

29th September 2010, Comments 0 comments

Strong demand outside Europe and the United States pushed sales by German luxury sports car maker Porsche up 17.9 percent to a new record in its 2009/2010 fiscal year, the company said on Wednesday.

Porsche, which is being taken over by European car giant Volkswagen, said that preliminary data pointed to sales of 7.79 billion euros (10.6 billion dollars) in the year that ended on July 31.

Full results are to be released on October 19, a statement added.

As is the case with many luxury automakers, Porsche was boosted by demand in China, where sales leapt by 47.5 percent to 11,724 vehicles.

Worldwide, the company sold 81,850 automobiles for an annualised increase of 8.8 percent, including 20,615 of its latest model, the four-door Panamera.

"Porsche will continue this positive trend in the current fiscal year," chief executive Michael Macht was quoted as saying.

Demand weakened however for older models such as the 911 and Cayenne sports utility vehicle, though the latter remained Porsche's most popular vehicle with 29,855 deliveries.

© 2010 AFP

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