Spyshots 2012 Porsche 911 (991) Caught Virtually Undisguised

Porsche remains the most profitable major auto maker as the Stuttgart based company saw its profit and sales surge, especially due to the enormous success of the Cayenne.

Porsche AG, the German sports-car manufacturer said its first-half operating profit surged 59% as sales of the Cayenne more than doubled. The firm benefits from the rising demand for luxury vehicles in major markets across the globe, and confirmed that it is targeting a new sales record of more than 100,000 cars this year.

The total production increased by 46% on the year to 64,951 vehicles. Sales improved 26% to 56,272 cars in the January-to-June period. Deliveries to customers were up 37% at 60,659 vehicles. The new generation of Porsche’s best-selling Cayenne SUV more than doubled sales to 28,405 vehicles. The sales of the Panamera were down by 3.2% to 11,567 vehicles. A total of 10,101 911’s were sold, just as 3,860 Boxsters and 2,339 Caymans.

Thanks to these figures, the profit before interest and taxes rose from to € 1.07 billion Euros from € 675 million Euros a year ago. Revenue rose 19% to € 5.22 billion Euros. Porsche’s operating return on sales was about 20.5% in the first half of the year, making it the world’s most profitable major auto maker.

Porsche benefited from booming demand in China, where sales rose 47% to 11,712 cars. In Europe, sales increased by 10.5% to 18,853 vehicles with more than one-third — or 6,734 autos — delivered in its German home-market, up 0.9% year-on-year. North American sales rose 25% to 15,466 cars.

Backed by Volkswagen, Porsche aims to double deliveries to at least 200,000 cars and SUVs by 2018 as it adds new models and expands in emerging markets. To sustain growth, Porsche aims to expand its line-up by releasing at least one new product a year. The key model in 2011 will be the seventh generation 911, which debuts at the Frankfurt Motor Show next month.

Porsche will launch a diesel version of the Panamera this month. To further boost the sales a small SUV is planned. The company’s flagship, the high-performance 918 Spyder will enter market somewhere in 2013. Porsche may also develop a supercar positioned in between the 911 and 918. Variants of the Cayman and Boxster, plus extended-wheelbase and convertible versions of the Panamera, are also being considered.

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