Luxury Market Evaporates

Another sign the travails of the U.S. automotive industry encompass far beyond the Detroit Three is the near collapse of the luxury market.

U.S. luxury-car sales, which plummeted 29.1% in October compared with like-2007, haven’t seen positive territory since September of last year, according to Ward’s data. Even deliveries of more affordable entry-level models, which account for most of the luxury segment’s overall volume, have slipped.

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