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Luxury car sales drop by over 10% - 1 views

motoring.asiaone.com/...A1Story20091016-174092.html

elasticity luxury car sales inferior goods

shared by catherineechl f09 on 19 Oct 09 - Cached

catherineechl f09 on 19 Oct 09

With the current recession, many consumers have switched from luxury car brands to inferior ones. With the decrease in income, people have switched to car brands that are more affordable but still enable mobility. As a result, the luxury car industry has seen a decrease in sales from previous years.

<div class="cArrow"> </div><div class="cContentInner">With the current recession, many consumers have switched from luxury car brands to inferior ones. With the decrease in income, people have switched to car brands that are more affordable but still enable mobility. As a result, the luxury car industry has seen a decrease in sales from previous years. </div>

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