Porsche FY02 German Sales +3.4%, Boosted By 911 Models

September 23, 2002

STUTTGART, Germany -Dow Jones reported that Porsche AG Monday said German vehicle sales for fiscal 2002 were up 3.4% at 12,825 cars from 12,401 in fiscal 2001, boosted by new versions of the 911.

The launch of the Targa and the Carerra 4S versions boosted sales of the 911 in the year to July 31 2002 by 22% to 8709 units.

Sales of the smaller Boxster model declined 22% during the same period but Porsche says demand for an overhauled Boxster, launched in the current fiscal year, is up.