Marc Voss-Stadler, director of credit risk management for Daimler Financial Services Americas in Farmington Hills, Mich., said there is a strong correlation between luxury car sales and housing prices.
Rising housing prices undoubtedly have helped fuel luxury vehicle sales, especially as some consumers borrowed against their home equity to finance their cars or SUVs.
said it's difficult to say whether automakers will see things go in reverse now that home prices are pulling back.He
said the launch of the Mercedes C-Class, for example, has boosted financing of Mercedes-Benz products through the financial group. Voss-Stadler
said the U.S. economy has shown other signs of strength.He
noted that capital spending has continued for Daimler truck fleet sales."We don't expect deterioration beyond what we've experienced," he
acknowledged that it's unknown right now how the housing fallout will affect consumer spending overall."Is fear going to spread?"he