Sunday, October 24, 2010

Down economic climate doesn't dent luxury car sales

Over the past year, there has been a steady increase in high end vehicle sales. Car revenue have been steadily increasing for the past year . However, a lone brand of luxurious vehicles was unable to post gains. Volvo actually saw a decrease in sales . Sales for Volvo have been struggling for a while for the imperiled auto manufacturer . Lexus was finally overtaken by Mercedes Benz in sales for the first time in months. Lexus will undoubtedly try for making amends . Cadillac and Lincoln also increased sales. Article source – Luxury car sales climb higher during down economy by Car Deal Expert.

More high end vehicles getting sold

Some feel lucky enough to be able to get a new vehicle after years of there being a bad outlook . Several luxury brands have posted enormous gains . Cadillac gained a lot within the first nine months of 2010. In fact, USA Today reports a 43.8 percent gain for the company. During that time, other luxury brands also posted big gains . Infiniti, Acura, Audi and Porsche all sold almost 25 percent more cars since Sept, 2009 . There was a 10 percent boost since that very same time from BMW and Lexus along with a brand that nobody seems to remember getting a 6 percent increase called Lincoln . Ford Motor Co. is turning attention to Lincoln in the new year . Only Volvo did not post an increase in revenue for luxury vehicles .

When it comes to sells, Mercedes beat Lexus

Sales have increased for luxury automobiles greatly over the past year, but September, 2009, saw a significant drop in auto revenue overall . A 43.8 percent increase was posted by Cadillac for 2010. Of course, it really has only been an 11 percent increase since September 2009. There was a 22 percent boost for Mercedes. This was from January 2010 though. Overall, Mercedes beat out Lexus in vehicles sold. This was after Mercedes lead the path all year long until September.

Incentives have vanished

Luxury brand incentives are hard to discover. They just do not seem to exist anymore. More people buying high end vehicles and getting auto car loans is a good sign. It means that the economy may be returning.

Articles cited

USA Today

content.usatoday.com/communities/driveon/post/2010/10/cadillac-other-luxury-makers-see-sales-soar/1

http://www.autonews.com/apps/pbcs.dll/article?AID=/20101004/RETAIL/101009961/1401



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