Cayenne SUV pulls Porsche sales higher

27th April 2011, Comments 0 comments

The German luxury car maker Porsche said Wednesday that its sales and operating profit from January through March had jumped higher thanks to strong demand for the Cayenne sports utility vehicle.

Operating profit more than doubled on a 12-month comparison to 496 million euros ($728 million), a statement said, while sales were 10 percent stronger at 2.28 billion euros.

Unit sales gained 13 percent meanwhile to 23,442 vehicles, with half of those comprised of the latest version of the Cayenne, a robust four-by-four designed with the well-heeled in mind.

More than four thousand of the latest Porsche model, the four-door Panamera, were also delivered during the three-month period, as many as the company's iconic 911 sports car.

The Asia/Pacific region accounted for 8,240 purchases in all, ahead of Europe with 8,099 and the United States with 7,103.

Porsche is preparing a merger with Volkswagen, a deal scheduled to be finalised by the end of the year pending resolution of judicial issues stemming from Porsche's aborted attempt to take over VW in 2008.

© 2011 AFP

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