Porsche Cars North America Reports December U.S. Sales Down Year Up

ATLANTA, Jan. 3, 2003; Porsche Cars North America, Inc., (PCNA), importer and distributor of Porsche sports cars in the United States, today announced U.S. retail sales for December totaled 1,339 cars, a decrease of 23 percent compared to the same period last year. At the same time, the company reported the strongest Porsche 911 sales in history for the calendar year, with sales up 6 percent over last year.

"This is the fourth straight year for record 911 sales," said Frederick J. Schwab, PCNA President and CEO. "Porsche's mid- and long-term outlook continues to be positive."

(In keeping with industry practice, PCNA 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           343          477         5854         7204        1041
    Boxster S         220          325         4021         5074         772

    ALL BOXSTER       563          802         9875        12278        1813

    Carrera Coupe     120          266         1837         2683         420
    911 Targa          44            0          692            0         215
    Carrera Cabriolet 181          296         3177         3568         606
    Carrera 4 Coupe     3            3           20          553           0
    911 Turbo Coupe   175          243         2318         2418         161
    Carrera 4S Coupe  165            0         1974            0         130
    Carrera 4 Cab      79          128         1241         1527         271
    GT2 Coupe           9            6          184           14          14

    ALL 911           776          942        11443        10763        1817


    GRAND TOTALS     1339         1744        21318        23041        3630