Porsche just announced something highly unusual: Record full-year revenues from selling Porsches. No more option plays with attached sheet metal bending operation. Revenues rose 17.9 percent to a record €7.79b ($10.5b), and Porsche said it expects to see the positive trend continue in the current business year, reports Reuters.
And where do all these sales come from? Definitely not from Porsche’s core markets, the U.S.A. and Germany.
Porscher sales in Europe and North America inched a bit higher, but Porsche said they sold 3.5 percent fewer cars in its German home market in the 12 months through the end of July.
Nevertheless, Porsche’s worldwide sales grew 8.8 percent. Who buys all these slot cars? Who else than the Chinese. Sales in China almost doubled to 11,724 units.