The US president still rides in a Cadillac. But more than three out of four Americans who buy a luxury car these days opt for a European or Japanese model.
Nowhere has the Detroit-based carmakers' loss of market share been more dramatic than in the luxury segment.
General Motors, Ford Motor and Chrysler sold fewer than half of all light vehicles in the US for the first time in July. But foreign brands captured 78.3 per cent of the luxury market. Their share rose further to 79.4 per cent in August, according to Autodata, a market research group.
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