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Current DateTime: 06:29:20 27 Nov 2009
LinksList Documentid: 30830730
Expiration DateTime: 11/27/2009 6:30:30 AM
    • Planes, Trains & Automobiles  25 Nov 2009

        About 38 million Americans are expected to go somewhere this holiday season, and AAA says that's up about 1.4 percent from last year. NBC's Tom Costello has the details.

    • Maria's Market Message  24 Nov 2009

        CNBC's Sue Herera sits in for Maria Bartiromo to discuss the day's top business and financial stories, and look ahead to tomorrow's Closing Bell.

    • GM's Saab Story  24 Nov 2009

        It's back to the drawing board for GM after a Swedish company pulled out at the last minute of a deal to buy the Saab unit. Insight with Erich Merkle, independent automotive consultant and CNBC's Phil LeBeau.

    • GM's Saab Deal Is Off  24 Nov 2009

        General Motors' Saab deal is off, reports CNBC's Phil LeBeau.

    • BMW Signed as Olympic Partner  20 Nov 2009

        BMW has been chosen as the official automotive partner of the London 2012 Olympic and Paralympics games. Ian Robertson, board member of BMW Group, spoke to CNBC about the sponsorship.

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Current DateTime: 06:29:21 27 Nov 2009
LinksList Documentid: 30830722
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Behind The Wheel

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Apr.03
8:49 AM ET
Thursday, 3 Apr 2008
Luxury Car Sales On The Skids And Could Be For A While

2009 BMW 328 Coupe

After several years of steady growth, even as the rest of the market slowed down, the luxury auto segment is finally hitting the brakes. I'm not surprised, nor should you be. In fact, I will not be surprised if the slower luxury sales last a while.

Last month, the head of BMW North America told me at the New York Auto Show that he was seeing some softness with sales. Not just on entry level models, but across the board. Furthermore, used BMW prices were off slightly. The message was clear: the economic slowdown is finally hitting even high end buyers.

I'm not surprised because the luxury market is not an island that can withstand an extended economic slowdown. Especially with luxury autos moving down in price on the entry level end. With more people "moving up" to a luxury model in recent years, there's a better chance that luxury automakers will feel the pinch in harder times.

Bottom line: if you're secure in you personal economic outlook, and have been looking to go with a luxury ride, now may be the best time to get a deal--especially in the used market.

Questions?  Comments? 

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