Wealthy Chinese Women Are Buying A Lot Of Luxury Cars
Jan 24, 2011 11:37
A report from Bloomberg is saying that wealthy Chinese women are buying up exotic cars. Sales of high end automobiles have risen 60 percent last year and analysts are saying that a 35 percent climb will happen for 2011.
Maserati is reporting that 30 percent of its Chinese sales are to women, compared to just 10 percent for Europe. Of course, Maseratis are not the only automakers enjoying the influx of sales. Ferraris and Lamborghinis are also being purchased in large numbers.
So much that the wealthy women in China are accounting for over 20 percent of local Ferrari sales.
Audi's TT RS 420 Concept at the Geneva Motor Show earlier this year took everyone by surprise. It was powered by a two liter four-cylinder from the EA888 engine sitting in various forms under the hoods of the current Audi S3, VW Golf R and Seat Leon Cupra. Read more