Porsche SE sold out of the $329,000 911 GT2 RS less than two months after the sports- car maker presented its most expensive serial model as supercar demand bounces back.
All 500 of the 620-horsepower vehicles, which surge to 62 mph in 3.5 seconds, have been reserved, the Stuttgart, Germany-based automaker said Wednesday. Porsche, which premiered the car at the end of August in Moscow, sold 133 of the vehicles to U.S. customers.
“Luxury is coming back, and its revival can be seen across all major markets,” said Daniel Schwarz, a Frankfurt-based analyst at Commerzbank AG who recommends holding the stock. “People want those premium vehicles.”
Porsche last month reported that revenue for the year ending July 31 jumped 18 percent to a record $11.8 billion as a global economic recovery prompts luxury-car sales. Half of Wall Street finance professionals expect their 2010 bonuses to increase, according to an survey published this month. Bloomberg News
