Porsche Cars North America Reports November U.S. Sales

ATLANTA, Dec. 3, 2002; Porsche Cars North America, Inc., (PCNA), importer and distributor of Porsche sports cars in the United States, today announced U.S. retail sales for November totaled 1,640 cars, an 8 percent decrease over the same period last year.

"Because of economic and political forces, the market for sports cars has suffered, particularly in the past eight weeks," said Frederick J. Schwab, PCNA President and CEO. "Porsche's recent sales performance, while down, is better than that of several competitors. Porsche's mid- and long-term outlook continues to be positive."

(In keeping with industry practice, we will no longer differentiate between Tiptronic and manual transmission models in sales reporting.)

     Model                  Month to Date         Year to Date    Dealer Stock
                         Current      Prior    Current      Prior     Current
                           Year       Year       Year       Year        Year
    Boxster                399        458        5511        6727       766
    Boxster S              248        347        3801        4749       627

    ALL BOXSTER            647        805        9312       11476      1393

    Carrera Coupe          167        279        1718        2417       340
    911 Targa               51          0         648           0       178
    Carrera Cabriolet      216        341        2996        3272       545
    Carrera 4 Coupe          2          6          19         550         0
    911 Turbo Coupe        204        185        2143        2175       132
    Carrera 4S Coupe       216          0        1809           0       101
    Carrera 4 Cab          130        155        1164        1399       242
    GT2 Coupe                7          7         175           8        11

    ALL 911                993        973       10672        9821      1549


    GRAND TOTALS          1640       1778       19984       21297      2942