Posted
1:39 PM
by Gene
But not all is well in the land of the rich and contemptible:Luxury makers are certainly looking to stir some buzz at the high end of their lineup. Whether it's a wobbly stock market or changing tastes, there's a lot of surplus sheet metal at the high end, despite record bonuses at Wall Street firms such as Goldman Sachs (GS). BMW's 7 Series sales are down 30%. Mercedes S Class sales are off 13% a year after the new one debuted, and SLK sales are off 30%. Audi A8 sales are off 33%. Porsche sales are down across the board.TRANSLATION: Maybe trickle-down economics doesn't work.