Minimal economic growth and lower purchasing power have affected sales of luxury cars to a greater degree than the rest of the market, with the segment down by an estimated 30 percent to 40 percent on last year. “The potential buyer of a BMW, Mercedes or Maserati isn’t buying, not because they don’t have cash but because they are not economically comfortable in the current situation,” said Nabil Bazerji, managing director of GA Bazerji and Sons, a Maserati dealer. Sales of the luxury Italian car are down roughly 25 percent from 26 cars in 2010 to 20 this year. BMW sales have dropped by more than 50 percent, from 816 units to 396 as of October 2011, while Jaguar had sold 99 units in the same time, compared to 200 at the end of 2010. “We have demand but it has not been an exciting year,” said Michel Trad, Director
