Look for the U.S. luxury vehicle market to lose momentum as the year winds down, says BMW (US) Holding Corp. Chief Executive Tom Purves, who notes sales have been tapering off since March. “I think growth in the segment may slow down in the second half of the year,” the BMW-U.S. chief says. However, BMW will be an exception, he says, predicting that its sales will gain on year-ago, even if deliveries of the new X5 crossover vehicle are excluded. Despite the expected market slowdown, ...
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