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Auto Makers Rethink Luxury Lines

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"Conspicuous consumption is no longer in," Rebecca Lindland, an auto analyst at IHS Global Insight, tells the Journal in this piece on the possible demise of luxury car lines. According to the Journal, sales of luxury cars fell 21% last year, double the declin in overall car sales. "We aren't necessarily getting the under-35s back in the [luxury] market and we think there is some resistance to them coming in, both from a social-conscious perspective as well as an economic one," Ms. Lindland added. As Minyanville has pointed out, this shift is structural in nature, not cyclical.