Porsche breaks last year's record sales

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

epa03402591 A handout photo provided by Volkswagen on 19 September 2012 shows a Porsche Boxster on a prodcution line at the Volkswagen plant in Osnabrueck, Germany, 19 September 2012. Due to high demand car manufacturer Porsche is having its Porsche Boxster model assembled in the Volkswagen plant Osnabrueck as well. EPA/FRISO GENTSCH/VOLKSWAGEN/HANDOUT *** Local Caption *** 03402591.jpg

Porsche's Boxster model is also being assembled at Volkswagen's Osnabrueck plant in Germany due to high demand. Friso Gentsch / EPA / Volkswagen

Dec 12, 2012

The German sports car maker Porsche has already broken last year's record sales number with one month left in 2012.

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 car makers 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 per cent over the same period in 2011. In Europe, where several countries are mired in recession, sales were up a modest 6.8 per cent but Porsche saw spectacular 71.4 per cent growth in the US and 63.4 per cent growth in China.

* AP