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In an indication of just how broad demand for cars in the U.S. has become, even luxury sport car...

In an indication of just how broad demand for cars in the U.S. has become, even luxury sport car sales are on the rise. The U.S. importer of Porsche cars says U.S. sales soared 39% in August and now stand up 9% YTD compared to last year.
Comments (5)
  • Tack
    , contributor
    Comments (12695) | Send Message
     
    A sure sign of imminent recession.
    4 Sep 2012, 11:33 AM Reply Like
  • 2MuchDebt
    , contributor
    Comments (215) | Send Message
     
    This is probably primarily driven by the 1% who are seeking to use some of their cash before Obama steals a large portion of it (it's only fair!). Tack: when did Porsche sales ever dictate boom and bust cycles? This has very little to do with the strength of the underlying economy. An increase of 840 Porsches surely shows the U.S. is booming! ha
    4 Sep 2012, 12:23 PM Reply Like
  • Tack
    , contributor
    Comments (12695) | Send Message
     
    2:

     

    I am just being sarcastic, as we have myriad data showing that we're nowhere near approaching a recession, despite some pockets of weakness. Those betting, perpetually, on major economic and market downturns have paid a steep price for their persistence.
    4 Sep 2012, 12:26 PM Reply Like
  • DrData02
    , contributor
    Comments (31) | Send Message
     
    Sales of luxury cars indicate broad demand???

     

    You guys (SA) should hire some editors.
    4 Sep 2012, 12:53 PM Reply Like
  • kmi
    , contributor
    Comments (3975) | Send Message
     
    Notice the part where the market current says 'even luxury sports...'

     

    If you have been reading the market currents you'll notice that pretty much every automaker has reported increases in sales, "even" Porsche. As in, no one is taking marketshare from anyone else, there is simply demand.
    4 Sep 2012, 02:10 PM Reply Like
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