The Sale of Luxury Cars goes down

The sale of luxury cars took a hit in the last financial season all over the world, it has been revealed at the Annual General Meetings of most firms and the reports of the automobile industry also seem to suggest so. It is being said that more and more people are turning their attention to smaller, highly fuel efficient cars than the luxury ones and one of the main reasons attributed for this is the cash crunch. Apart from that, the unreliability of these sedans has also been a major issue with many cars being called back over the years for faults by the manufacturers. As a result, people are turning away from these cars and this caused some of the luxury car makers’ losses of nearly 18% on the previous year.