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Originally Posted by Katera
Well there is my answer. 17% is not that bad considering how bad GM and Ford have tumbled. I don't see BMW filing for bankruptcy anytime soon!
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But, there'll be lean years ahead for BMW and most luxury car makers.
Remember, most of BMW's growth for the last few years are people cashing in on equities in their home. That's all gone now.
People are having less money to spend and more and more have to give up cars for food and shelter. People who buys 5,6,7 series will always be there but 3 and 1 buyers may have to downgrade to something cheaper and more fuel efficient which BMW doesn't offer in US or Canada.
Unlike the big 3, I doubt BMW will be going away. Big 3's downfall is instead keep taking the fight to the Japanese cars, they just retreat to SUVs and trucks which quickly go out of style when gas price goes up.