Driving Down Sales

Barry Ritholtz had an interesting post today on auto sales. It seems that they are showing the effects of a slowdown, including foreign automakers:


Slowing auto sales is a story. But inside the story is a real tell. Barry adds this tidbit:

Against the overall trend? Bentley and Ferrari are sold out for the year, but they are a hand-crafted, small volume, luxury exception.

Yet another small datapoint that suggests that the rich are doing just fine thank you very much, while everyone else is pulling in their horns on spending.