by Associated Press
Published: Fri, November 21, 2008 - 5:00 am CST
LOS ANGELES (AP) - A dismal economy has yet to put a seriousdent in luxury car sales.
That's evident at the Los Angeles Auto Show, where Maserati,
Ferrari, Lotus, and others have put on full spreads of their latest
models.
As the Big Three carmakers beg Washington for a bailout,
Maserati says its sales so far this year are up 10 percent.
Rolls-Royce is reporting a 32 percent surge.
Auto analyst Erich Merkle says historically, sales of top-drawer
cars tend to hold up fairly well, regardless of the economy. He
says you're dealing with the ultra rich who, even if they take a
financial hit, still have more than enough money to buy any car
they want.
But not all luxury carmakers are unaffected. Sales of Bentleys
have tumbled 30 percent.
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