Luxury cars don’t sell well either

However, don’t expect Mercedes to be on the list of auto groups Washington will bail out anytime soon. DETROIT – How similar is a Porsche to a Ford? It’s simple: none of them are currently selling well. Like their counterparts in declining markets, luxury car brands are suffering. In 2008, US sales of Porsche-branded vehicles (Nasdaq OTC…

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British car sales plummet

The decline in consumption and household morale weighed on purchases of new vehicles in August by around 25%. On the other hand, the sale of small models was on the rise. The sales reports for new cars have been published and they confirm the drop in confidence and household consumption of expensive products. The “Society of Motor…

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