I think the guy is right, although you can't really give a lot of credibility to someone who refers to the top line Lexus as the "LS400" , a model it hasn't been called for going on 12 years now.
But I think he's right, I said some time ago that once this all settles down its not going to be as cool anymore to flaunt wealth, driving luxury branded cars, belonging to country clubs, etc. Its a different world and in a lot of ways I think our generation of people are going to be more similar to those who came of age during the depression, less apt to part with money because we know how easily money can just evaporate...
So...I think the future is bright for cars like Hyundai and Buick.
I can tell you I am a lot less interested in $1200 LS lease payments than I was before the recession. Had it not been for that, I'd have gotten an LS460 this time instead of another ES. I could afford it...but in a lot of ways its lost its appeal. I'm quite happy socking that additional $600 a month into my retirement accounts. I don't know if I'll ever buy one at this point...