Luxury car sales slump in Europe

Updated
Porsche Boxster
Porsche Boxster

Even the luxury end of the car market has begun to suffer in Europe. Apparently, the 1% have begun to feel the pinch of recession. They must have decided to hold their current cars longer, or go down-market to buy cheaper vehicles. Both Daimler, owner of Mercedes-Benz, and Porsche cut forecasts.%VIRTUAL-SkimlinksPromo%

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