It looks like the global economic slowdown is hurting even the most iconic of luxury brands. Rolls-Royce has announced that they will be cutting back production on their uber-luxe cars due to the softening demand over the past few months. With balance sheets of the wealthy being shellacked on a daily basis, its not hard to imagine why its harder and harder to sell a $300K-plus car.
"Rolls-Royce has been reasonably insulated from the economic downturn so far with continued growth in the first three quarters of the year and anticipated double digit percentage growth at year end," a spokesman said. "We are, however, beginning to see a softening in sales in a number of regions and as a consequence are adjusting our production accordingly."
So if you've been scoping out that white Phantom, now may be the time to stop by your local Rolls dealer and make an offer.
via telegraph.co.uk
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