Automakers Hungry For Chinese Luxury Car Market, PwC’s Autofacts – Yahoo Finance
Photo credit: Verone Pangilinan More than 85 cars have signed on for the rally, including teams from the United States, Europe, South America, Australia and the Middle East. Entrance in the weeklong rally runs each team about $14,000 and includes overnight stays at high-end hotels across the country. The public is encouraged to come throughout the day Wednesday to see the cars staged at the Swisshotel, as well as to see the rally teams departing the hotel at 8:00 am Thursday, as they make their way to No Limit Raceway in Morocco, IN. The public is encouraged to attend the rally drag races, free of charge.
If you would like to read more: http://chicago.cbslocal.com/2014/06/03/exotic-car-rally-to-pass-through-chicago-on-wednesday/
Send Thanks! A link has been sent. Done Automakers Hungry For Chinese Luxury Car Market, PwC’s Autofacts Chinese Luxury Car Market to Reach More Than Three Million Units by 2020, Forecasts PwC’s Autofacts PwC June 2, 2014 1:30 PM 0 shares Content preferences Done DETROIT, June 2, 2014 /PRNewswire/ –Automakers keep sights on the China market as premium brands continue to rise, according to PwC’s Autofacts latest Analyst Note. In the last decade, the China market expanded nearly five-fold, from 4.3 million vehicles to 19.9 million. This increase continued through the global downturn, when other automotive markets were experiencing severe declines. View gallery . Within the industry, luxury vehicles have seen a particularly impressive growth in the last several years. Even as the Chinese market grew only marginally in 2011, the luxury segment still grew 54.5 percent.
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