US wins over China at WTO case on luxury cars – Yahoo News
Chinas Luxury Segment Headed For Growth, Mainly In Compacts According to our estimates, premium vehicle sales in China stood at over 1.5 million units in 2013, up 21% year-on-year. The luxury segment beat the 13.9% growth in the overall passenger vehicle market in the country. But despite already being the worlds second largest premium vehicle market, China offers further growth potential, as only 7% of its overall vehicle sales were formed by the luxury vehicles last year. In comparison, the proportion of luxury vehicles in the U.S. auto industry rose to over 11% in 2013 , after suffering a minor dip through 2011-2012.With growing disposable incomes and rising number of affluent customers in China, we expect the proportion of higher-priced vehicles in the country to rise in the coming years.
If you would like to read more: http://www.forbes.com/sites/greatspeculations/2014/05/23/compact-saloon-sales-to-outpace-growth-in-the-overall-chinese-luxury-car-market/
Sarasota seeing luxury car sales in high gear
Send Thanks! A link has been sent. Done US wins over China at WTO case on luxury cars May 23, 2014 10:58 AM 0 shares . View photo The new Lincoln Motor Company MKZ sedan at a media launch in New York City on December 3, 2012 (AFP Photo/Spencer Platt) Washington (AFP) – The WTO Friday rejected tariffs imposed by China on US-made luxury cars, handing Washington a victory on one of the growing number of disputes between the world’s two largest economies.
If you would like to read more: http://news.yahoo.com/us-wins-over-china-wto-case-luxury-cars-145856137.html
Wilde’s sales manager Stephan Kacprzyk says business is good really good. “Maserati sales for us is close to 400% — it’s a tremendous amount. Jaguar is on the verge of 200% mark,” says Kacprzyk. We take a ride in a Maserati GTC. “It’s a very old-school Ferrari sound,” he explains.
If you would like to read more: http://www.wtsp.com/story/money/2014/05/22/sarasota-seeing-luxury-car-sales-in-high-gear/9468303/