Even with $3.00 per gallon gas, luxury market to double?

"I think over the next five years, the premium luxury segment will grow at double the rate of the volume market because of demographic trends," Chairman and Chief Executive Mike Jackson told The Associated Press in an interview Thursday. "The Baby Boom generation simply shows no signs of slowing down or retiring."

AutoNation defines luxury as premium foreign brands such as Mercedes-Benz, BMW, Lexus, Land Rover, Jaguar and Porsche.

Jackson said gas prices aren't yet impacting sales but could if they remain over $3 per gallon for a sustained period. Even then, Jackson said, an actual gasoline shortage might be the only thing that would really change people's buying habits.

Full article here

ContiRoane - 4/29/2006 2:25:24 PM

+1 Boost

My friend just bought a 2007 Escalade with AWD. We went on a trip to Chicago on the weekend he first got it.

Imagine my total shock to realize on our first gas stop that he pays around $100.00 for every 250 miles. Seriously.

No matter how much one earns, doesnt that just seem ridiculous ?

This has to hurt sales of these types of vehicles.