Luxury Car Sales Fall

So the economy has been taking a hit lately, but as a general rule the highest of high end products haven't really been affected -- apparently those with money up to their ears haven't been feeling the pinch, until now.

Numbers are streaming in from luxury car brands reporting serious sales drops this year from 2007 -- Jaguar sales fell by 52% (whoa!), BMW by 27%, Porsche by 13%, and Land Rover by 17%. Even Ferrari (surprisingly) reported a decline for this past January, although they claim the drop from last year was both planned and expected.

It will be interesting to see what the rest of 2008 brings for the luxury car market.