Porsche July Sales Up 16% Due to China and Germany Demand image

In July Porsche reported sales of 12,391 vehicles, up 16% compared with July 2011, due to increased demand in China and Germany.

“We are confident that we will see solid growth around the world during the course of the year, despite the economic uncertainty in Europe,” Porsche AG board member Bernhard Maier said in a statement on Tuesday.

In July sales in Germany reached 1,694 units, up 31%, while in China the German sports-car maker sold 2,936 units, up 18%. In the US the automaker only reached a gain of 1% to 2,803 vehicles, compared with the same period last year. During the first seven months of the year Porsche sold 81,562 cars, up 14%.

After being recently bought by Volkswagen, Porsche announced last month that it plans to increase profit by the end of this year, due to the fact that record car sales help offset factory extensions and high costs for model launches.

                                 July                          January-July
PORSCHE AG Deliveries 2012 2011 Change (%) 2012 2011 Change (%)
World 12,391 10,722 16 81,562 71, 381 14
Europe 4,594 3,677 25 30,618 25,417 20
Germany 1,694 1,292 31 11,230 9,183 22
America 3,339 3,249 3 22,538 21,694 4
USA 2,803 2,768 1 19,253 18,310 5
Asia-Pacific 4,458 3,796 17 28,406 24,270 17
China 2,936 2,484 18 18,210 14,751 23