Porsche Breaks Car Sales Record in 2012

German luxury carmaker Porsche has said it has already beaten its annual record for most cars sold.

It sold 128,978 cars worldwide in the 11 months to November – already beating the 118,868 sports cars sold in the whole of last year.

Porsche marketing and sales chief Bernhard Maier said that last month alone was up 39% on November 2011.

Demand came from China and the US, where there was 70% more demand for Porsches last month than in 2011.

The demand from other countries has picked up slack for demand in recession-hit Europe.

The result has been a 7.1% fall in car sales in Europe so far this year, with some southern European markets seeing sales slump by about a fifth.

Premium carmakers, such as Porsche and BMW, and budget manufacturers, such as Hyundai, are doing relatively well.

By contrast, mid-market players – such as Ford and General Motors’ Opel and Vauxhall units – are having a torrid time, suffering falling sales, profits and market shares.

In July, German mass-market rival Volkswagen agreed a deal to pay 4.46bn euros ($5.6bn; £3.6bn) to buy the remaining 50.1% stake in Porsche it didn’t already own.

Volkswagen had acquired a 49.9% stake in Porsche in 2009.

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