Porsche breaks car sales record

<p>Porsche has broken its own car sales record in the 11 months to November.</p>

Shares in Porsche on the Frankfurt Stock Exchange have soared as the company announced that it has broken its annual record for the most cars sold.

A total of 128,978 vehicles were rolled off production lines and into garages worldwide in the 11 months to November 2012, already beating the 118,868 units purchased in the whole of 2011.

Most of the demand came from China and the US, where there was a 70 per cent climb in demand for Porsches last month compared to a year earlier.

Porsche marketing and sales chief Bernhard Maier said in November 2012 alone, there was a 39 per cent increase year-on-year.

Demand from other countries has picked up slacker demand in recession-hit Europe, with the continent suffering a 7.1 per cent fall in sales in Europe so far this year.

At 10:50 GMT, Porsche Automobil appreciated on the Frankfurt Stock Exchange by 0.6 per cent to a value of €57.94 per unit.

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