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Luxury cars offer more models, but find fewer buyers

Consumers prefer sport utility vehicles while companies like trucks

Sales of BMW 3 and 4 cars plunged 24 per cent in 2016 and have fallen another 8 per cent this year.

New York

OVER the past several years, luxury carmakers such as BMW and Mercedes-Benz have added a dizzying array of variations to their model lines, in hopes of attracting buyers from rival brands.

But the strategy is not working out.

Fresh evidence of the car industry's...

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