Chinese Luxury Car Market Analysis
It is projected that the luxury car market in China will grow at an annual rate of 12% in 2014-2020 while the overall passenger car market will grow at 8%. Close to 80% of the Chinese luxury car market is accounted for by Audi, BMW, and Mercedes-Benz while the other players such as Lexus, Infiniti, and Cadillac are working hard to gain market share. Motivations for the purchase of a luxury car in China have changed from flaunting one's social...
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