Porsche sales tumble

Porsche is feeling the impact of the credit crunch with international sales plunging.

The German sportscar maker saw North American sales tumble by 45 per cent last month, while UK sales are down 26 per cent in the year to date.

In Porsche’s home market, sales fell by over than 18 per cent in the year to July.

The carmaker has attributed these drops to a model changeover of its top-selling 911 vehicles.

A face-lifted 911 model with a more fuel-efficient engine is to be launched in the US later this month.