Porsche breaks its last year's sales record

PanARMENIAN.Net - German sports car maker Porsche AG says it has already broken last year's record sales number with one month left in 2012, AP reports.

The company, which is now owned by Volkswagen, said Wednesday, Dec 12, 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.