Altaire, the people who could always afford to buy Porsche will of course continue to buy Porsche (and Ferrari, for that matter). Those who thought they were about able to afford one now won't.
Like everyone else, the German car manufacturers have been trying to court our middle class -- hence the Passat, Cayenne, Taureg, etc, ad infinitum. That's where the volume money is.
And all those cars just took a 30% premium price hit.
Add in a little red state/middle class politics, as in where were France and Germany when we needed them in Iraq, and the EU is facing some serious marketing problems here. (Unlike Nissan, Toyota & Honda).
That bottle of new Beaujolais just rose 30% in price, too.
Not much to do with Bush's admittedly ill-advized tax cuts, in other words.
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