Luxury car sales slow down

Luxury car sales have decelerated. With the stock market remaining volatile through most of last year and liquidity pressure growing, reluctant buyers stayed away from new purchases or upgrades, leading to 5% growth in volumes in 2018 against a 17% surge in the previous year. Luxury car makers like Mercedes-Benz and Audi are a worried lot, especially as the liquidity crunch is impacting operations of many of their customers.

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