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Porsche Cars North America May Sales Up 38% - Quick Facts

Porsche Cars North America Inc., a part of German auto maker Porsche AG (POAHF.PK), announced May 2013 sales of 3,928 vehicles, up 38% compared to 2,852 vehicles sold in May 2012.

The company said sales of the Cayenne SUV continues to be the top-seller, with 1,765 vehicles sold in May, a 50 percent increase over 2012. The latest versions of the Cayenne - the GTS, Diesel and Turbo S models led the way.

The company stated that the Boxster and Cayman models were up significantly over last year. The 911 line also sold well, with 895 models retailed, up two percent over a record-setting 2012. The 911 is up 13 percent for the year.

"Our two-door sports cars are still the heart and soul of the Porsche brand and of our entire model range," said Detlev von Platen, president and CEO, Porsche Cars North America, Inc. "The Boxster, Cayman and 911 accounted for 45 percent of all new-car sales in May. We're pleased with this healthy sales mix and are pushing for another strong sales year."

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by RTT Staff Writer

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With disappointing earnings news generating some selling pressure, stocks have moved mostly lower in early trading on Friday. The major averages have slid firmly into negative territory after ending the previous session nearly flat. After reporting an unexpected drop in new orders for U.S. manufactured durable goods in the previous month, the Commerce Department released a report on Friday showing that durable goods orders rebounded by more than expected in the month of June. British economic growth remained high as expected in the second quarter as a robust expansion in the dominant service sector, and industry completely offset the slight weakness in the construction sector. With the second quarter expansion, GDP returned to its pre-crisis level. Gross domestic product grew 0.8 percent sequentially in the second quarter, the same rate as seen in the first quarter.
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