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Sales of premium cars probably have peaked globally, threatening the business model of Germany's luxury automakers, according to analyst Philippe Houchois, managing director of Jefferies Group.

Houchois said he was "neutral" on all three German automakers, meaning he doesn’t recommend investors buy shares. It was unusual, he said, for the bank not to recommend a "buy" on any of the automakers.

"The premium business model as we have seen it, of model proliferation and people paying more because of the social status of those cars, is probably reaching a peak," Houchois told the Automotive News Europe Congress here on Wednesday.



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Analysts Warn The Luxury Market Has Peaked And The Germans Are In Trouble

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