Porsche car sales rose 16% in July on German, China demand
FRANKFURT (Reuters) -- Porsche sold 12,391 vehicles globally in July, 16 percent more than a year earlier on strong demand from Germany and China.
"We are confident that we will see solid growth around the world during the course of the year, despite the economic uncertainty in Europe," the automaker's head of sales and marketing, Bernhard Maier, said in a statement on Tuesday.
July sales in Germany grew 31 percent to 1,694 cars, while China sales rose 18 percent to 2,936. In the United States, Porsche sold only 1 percent more cars last month, or 2,803 vehicles.
In the first seven months, Porsche's global sales rose 14 percent to 81,562.
Porsche said last month it expects to increase its profit this year as record vehicle sales help offset high costs for model launches and factory extensions.
Earlier this month, Volkswagen paid Porsche Automobil Holding SE, the holding company that controlled the carmaker, 4.49 billion euros ($5.52 billion) and one common share for a 50.1 percent stake in the sports-car maker, assuming full ownership of the brand.
Automotive News Europe contributed to this reportContact Automotive News