Porsche expects to increase car sales in its domestic market in the current fiscal year ending July 2006, it said on Monday.
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“I’m confident that we will continue to grow in our home market in the new fiscal year,” Porsche Germany’s managing director Bernhard Maier said in a statement cited by Reuters.
Following a record August with registrations of new Porsches rising by 10.5% to 727 vehicles, the carmaker expects to benefit from the November launch of its new Cayman S mid-engine coupe and the October roll-out of the Carrera 4 and 4S all-wheel drive versions of its latest 911 generation, the report noted.
Reuters said tat Porsche posted a record 2004/05 in Germany, as new registrations gained by 10.6% to 16,926 units – the fifth straight annual rise in sales despite a domestic market that has been on the decline for years. Most of its growth in Germany last year, however, was due to sales of its low-margin Boxster roadster, which rose nearly 38% versus 10.7% for the 911. Its Cayenne SUV suffered a marginal 1% decline in sales.
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