luxury carmakers seek to impress china\s ultrarich
Last Updated : GMT 06:49:16
Arab Today, arab today
Arab Today, arab today
Last Updated : GMT 06:49:16
Arab Today, arab today

Luxury carmakers seek to impress China's ultra-rich

Arab Today, arab today

Arab Today, arab today Luxury carmakers seek to impress China's ultra-rich

Beijing - Xinhua

At the ongoing Guangzhou Auto Show, luxury car makers from around the world are displaying their posh rides in a bid to attract China's ultra-rich. Bentley's, Maybach's and Rolls-Royces, just to name a few, were all in attendance. They know that China’s wealthy love to flaunt it and they’ve got just the rides for them to show it. Forget BMWs and Mercedes, China’s ultra wealthy needs something much more exclusive. We’re talking about Bentleys, Maybachs, and Rolls Royces. These ultra luxury cars were lined up at the annual Guangzhou auto show, ready for inspection by mainland buyers. The star of this year’s show is a special Year of the Dragon Rolls Royce, marking the Chinese Year of the Dragon which starts next year. Global luxury carmakers are bringing out limited edition models just for the Chinese market, as the number of millionaires created every year continues to rise. Brand director Richard Leopold from Bentley China said: "The reason we do the exclusive limited editions is because that’s exactly what the Chinese like. They like to have something built for them, that is very specific." China is fast becoming a major market for luxury car makers, the number of Chinese who are able to afford these cars are growing at a remarkable pace. Surveys show the number of high net worth individuals in the country blew past the half million mark last year with luxury auto sales seen topping the U.S. in the next few years, and many Chinese are certainly not afraid to show that new found wealth to society. Auto analyst Klaus Paur from Synovate Motor said: "They are more and more comfortable in showing their richness, in showing off, of course, their economic success, but also they are buying these cars in order to obtain some self-gratification." The 2011 Guangzhou Auto Show comes at a critical time for the Chinese car market, which after years of explosive expansion, has seen signs of slowing growth. But car makers are optimistic for the upcoming year, with many of China’s major joint ventures announcing new brands.  

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

luxury carmakers seek to impress china\s ultrarich luxury carmakers seek to impress china\s ultrarich

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

luxury carmakers seek to impress china\s ultrarich luxury carmakers seek to impress china\s ultrarich

 



GMT 02:36 2017 Saturday ,23 December

Syrian regime forces bombarded Hama killing dozens

GMT 06:54 2017 Friday ,22 December

US vice president makes unannounced Afghanistan visit

GMT 11:28 2018 Wednesday ,17 January

Ambassador of Switzerland meets MP Khalil

GMT 20:05 2011 Friday ,05 August

Sikorsky delivers first S-701 helicopters

GMT 13:47 2017 Thursday ,14 September

EU citizens, British expats rally for Brexit rights

GMT 21:08 2016 Tuesday ,22 November

Kuwaiti Oil Price Goes up to $42.51 pb

GMT 04:03 2017 Tuesday ,25 July

Jamaica stuns Mexico to reach Gold Cup final

GMT 18:52 2015 Saturday ,12 December

Nusra chief rejects outcome of Riyadh meet on Syria

GMT 10:04 2017 Thursday ,13 April

Mattis: No Doubt the Syrian Government Responsible

GMT 14:05 2017 Thursday ,02 March

Canada economy grew 2.6% in fourth quarter
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday