Wednesday, December 12, 2012 5:01 am
Porsche breaks its own sales record
The Associated Press
The company, which is now owned by Volkswagen, said Wednesday it delivered 128,978 vehicles through November, more than the total of 118,868 it sold in all of 2011 - at the time a new record.
Though many automakers are struggling with increased competition in the low-end car market, the luxury market remains strong.
Porsche, based in Stuttgart, says worldwide sales for the first 11 months were up 38.7 percent over the same period in 2011. In Europe, where several countries are mired in recession, sales were up a modest 6.8 percent but Porsche saw spectacular 71.4 percent growth in the U.S. and 63.4 percent growth in China.