The problem is that luxury cars were always a problem in Germany, just not to the extent they seem to be now. I also don't worry too much about those "upperclass" customers who don't buy these cars anymore, I worry much more about those who never could and never will be able to afford buying one of these luxury cars.
Germans invented the de-badging of cars but what is happening now is that even de-badging won't help if the public perception of a certain car model is the perception of a gas guzzler or environmentally questionable car. Bigger cars became a problem also from a different point of view: they "threaten" the many small cars on the streets, many drivers of small cars feel intimidated by larger cars. This sound pretty ridiculous but underestimating the power of the many over the power of the few would be dumb.
I also hate the german media. One example valid for many: a car magazine tests a super sportscar or even a SUV. They love it, they write about how fast it is, how incredible the handling is, how amazing the engine is and so on. Then, in the last sentence, they kill the whole article by asking the question: "but do we need such a car ? A dirty, gas guzzling monster with no use at all ? Definetely not. This car is a dinosaur, a car for neanderthals."
By adding one single sentence to the end of the review, they destroy the whole reputation and public perception of this car.
I suppose this has to do with business: car magazines still want to keep their buyers happy by testing amazing cars, not only daily drivers but at the same time, they want to be politically correct and keep the environment safe and everybody happy. Potential buyers won't be affected by that last sentence in the review but those who hate or just can't afford such cars anyway, are happy. What the car magazines don't seem to realize is that they create a negative public perception which can't be easily undone. Most people couldn't care less about cars but when their daily non-cars related newspaper prints an article take from a car magazine where they tell people for example that the Cayenne Turbo is the "dirtiest" car on this planet, a completely new audience gets to learn about the Cayenne Turbo.
Personally, I doubt that the end of the financial crisis will improve public perception of luxury cars, it doesn't work that way in Europe. It may improve the sales of these cars, no doubt about it but not public perception. People usually stick to their opinions and once they have an opinion about a certain product, they stick with it forever. Another problem is also that at the end of the world financial crisis, those who can't afford such cars anyway will be in an even worse financial situation than before.
It varies of course from country to country but I haven't much hope for Europe.
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RC (Germany) - Rennteam Editor 997 Turbo, BMW X5 M (03/2010), BMW M3 Cab DKG, Mini Cooper S JCW