Panamera Paces Porsche's Sales Growth

NEW YORK – The new Panamera sedan, which gets the credit for eking out a 6.0% first-quarter sales gain for Porsche Cars North America Inc., is meeting objectives for the brand, a top U.S. executive says.

PCNA has delivered more than 2,500 Panameras since the premium sedan debuted six months ago, with deliveries so far in 2010 totaling 1,485.

More importantly, 80% of Panamera sales have pulled buyers away from other brands, the auto maker says. The car competes with the ...