Porsche sets record for annual sales in 2012

Nathan Andrada – Fourth Estate Cooperative Contributor

Stuttgart, Germany (4E) – German luxury auto maker Porsche AG announced that it has surpassed its record for most cars sold in a year.

This year, Porsche has shipped 128,978 new cars to customers worldwide, which means that the company has already surpassed the previous year’s figure of 118,868 vehicles with still one month to go before the end of the year.

In November, the Stuttgart-based car manufacturer sold 12,928 cars, which is a 38.7 per cent increase from the same period last year.

Demand for Porsche cars increased by 70 per cent in China and the U.S. in November compared to the same month in 2011.

Deliveries of 1,200 third generation Porsche Boxster in November jumped nearly three-folds from the same month in 2011. In November, 2,019 units of the classic sports car Porsche 911 Carrera were shipped to customers, which is a 91.6 per cent rise compared to the same month in 2011.

Despite the weak demand from recession-hit Europe, the high demand from other markets has picked up. So far this year, European car sales has fallen by 7.1 per cent, with sales in some southern European markets falling by about 20 per cent.

Volkswagen, a German mass market auto maker, agreed to purchase the remaining 50.1 per cent stake in Porsche in July for 4.46bn euros ($5.6bn). In 2009, Volkswagen had acquired a 49.9 per cent holding in Porsche.

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