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Porsche Sales Up 30 Percent

October 8, 2007

DETROIT – Porsche’s cars continue to fly out of showrooms despite soaring fuel prices. In September, Porsche sold 20 percent more cars in the U.S., its most important market, than in the same month a year ago, according to Business Week. U.S. sales of the newly redesigned, fuel-consuming Cayenne SUV, which starts at $44,000, were up 30 percent. Production of the Cayenne is running at full tilt. And US sales of Porsche’s core 911 series were up percent.

Morgan Stanley forecasts Porsche sales of 97,500 this year — nearly double that of 2002 — and another doubling over the next five years, according to Business Week.

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