Luxury car sales show the rich are spending less
11:05 AM Mon, Apr 07, 2008 | Permalink
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Suddenly the rich aren't getting richer — and luxury car dealers are joining other high-end retailers in feeling the pinch, according to USA Today. Adding to a turnabout in once-resilient upscale goods, most luxury car brands saw sales drops last month. Mercedes-Benz softened 3.7% compared with March last year, Autodata reports. BMW fell 8.7%, and Lexus plummeted 13.6%. Overall, luxury vehicle sales are off almost 13% this year. Purveyors of the finer things in life are finding their well-heeled customers are caught in the same economic riptide tugging at the less well-off. 
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