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| BMW and Mercedes not immune to Credit Crunch |
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The iconic motoring brands saw recent sales fall by more than 25%. What’s more worrying is that these are the most affluent consumers. With no car finance available to the ‘average Joe’, expect to see the ‘average brand’ sales fall off a cliff, not to mention the value of your car. http://uk.reuters.com/article/governmentFilingsNews/idUKL56331020081205?pageNumber=2&virtualBrandChannel=0 http://business.timesonline.co.uk/tol/business/industry_sectors/banking_and_finance/article2469491.ece |