Porsche Cars North America Reports July 2003 U.S. Sales Up 12%

Sales Increased by 12 Percent

Calendar Year-to-Date Sales Increased by 13 Percent

ATLANTA, Aug. 1 -- Porsche Cars North America, Inc., (PCNA), importer and distributor of Porsche sports cars (Boxster, 911 and Cayenne) in the United States, today announced U.S. retail sales for July totaled 2,551 cars, an increase of 12 percent compared to the same period last year. Calendar year-to-date sales increased by 2,053 cars, or 13 percent, to 15,766 cars.

"Lagging consumer confidence is having an impact on the sportscar segment and Porsche is not immune" said Peter Schwarzenbauer, PCNA President and CEO. "However, our strategy of introducing a luxury SUV is paying off as evidenced by our North American Cayenne sales of more than 6,700 since its March introduction."

                  Model                  Month to Date     Year to Date
                                        Current  Prior   Current   Prior
                                          Year    Year     Year     Year
  Boxster                                  306     746     2418     4007
  Boxster S                                193     513     1548     2710

  ALL BOXSTER                              499    1259     3966     6717

  Carrera Coupe                             94     121      910     1128
  911 Targa                                 19      58      258      472
  Carrera Cabriolet                        149     259     1375     2022
  Carrera 4 Coupe                            1       1        3        8
  911 Turbo Coupe                          155     251     1021     1374
  Carrera 4 S Coupe                        139     233     1126     1123
  Carrera 4 Cabriolet                       74      69      622      772
  GT3 Coupe                                 59       0       61        0
  GT2 Coupe                                  8      35       74       97

  ALL 911                                  698    1027     5450     6996

  Cayenne S                               1065       0     4995        0
  Cayenne Turbo                            289       0     1355        0

  ALL CAYENNE                             1354       0     6350        0

  GRAND TOTALS                            2551    2286    15766    13713