China Car Forums banner

1 - 10 of 10 Posts

·
Registered
Joined
·
249 Posts
Discussion Starter · #1 ·
New Delhi, Dec 16 (ANI): One of the most popular ways for the Chinese to show off their wealth is to own one of more luxury and even ultra-expensive cars, including Rolls Royces and Maybachs.

As a result of the nation's booming economy, the number of people getting richer is increasing day by day, and hence, greater is the demand for these cars, offering rich pickings for the world's top luxury carmakers.

British brand Rolls Royce, owned by German carmaker BMW, said it expects to sell 70 Phantom vehicles this year in China, including Hong Kong, which will enable the world's most populous country to unseat Japan as the firm's No 3 single market after the United States and the United Kingdom, reported the China Daily.

On Thursday, Rolls Royce delivered its largest order yet 14 Phantoms to Sir Michael Kadoorie's Peninsula Hotel in Hong Kong.

According to the paper, in order to further boost its sales in China, the brand plans to add three dealerships in Hangzhou, Shenzhen and Chengdu. It now has one each in Shanghai, Beijing and Guangzhou.

Jenny Zheng, general manager of Rolls Royce Motor Cars Greater China, reportedly said: "China's thriving economy is creating very successful people in all business areas at a staggering pace. This is a big opportunity for us and other luxury car manufacturers. The more important thing is that our customers here are much younger than those in other markets."

According to her, Rolls Royce owners in China are on average more than 10 years younger than elsewhere.

Maybach, another ultra-luxury car brand, which is controlled by Mercedes Car Group, is too enjoying fast sales growth in China. A company spokeswoman in China, said: "Maybach's sales here will more than double this year from 2005," but she declined to reveal a specific figure. China is very close to one of Maybach's top five markets in the world."

To lure Chinese buyers, Maybach's 62 Special Edition made its global debut at last month's Beijing international auto show. The model retails in China for a cool one million dollars.

Maybach now has two exhibition and sales centres in Beijing and Shanghai. Wang said it is considering building a third centre in Guangzhou "in the near future". (ANI)
 

·
Registered
Joined
·
24 Posts
Well, I guess Russian Russo-Baltique will be in China very soon as well with its extra exclusive Impression. In Russia it will cost 50 mln roubles (now exchange rate is 26 RUR/USD). In China, well after all those duties and taxes, I don't know.
 

·
Registered
Joined
·
24 Posts
Russo-Baltique Impression made its first official appearance in April 2006 at Villa d'Este Concourse d'Elegance in Italy. The company officials ay that they plan to build Impression in 15 exemplares and sell it though their showrooms that will be opened in Moscow, Monaco and one of the Middle Eastern countries. Well, if the the things will go well, I think they will be looking to make a presence in China as well.



Click here to see larger pictures of the Russo-Baltique Impression:

http://www.cardesign.ru/ru/news/text-781.html

And here are the pictures of the 1:5 scale model of the Impression (maniacally detailed) made for the first customer, while he is waiting for the real one to be completed:

http://www.region-42.ru/viewtopic.php?t=178
 

·
Registered
Joined
·
325 Posts
Whats a Chinese Millionaire? More than a million dollars or more than a million RMB?
 

·
Registered
Joined
·
24 Posts
Logically, it should be a millionaire in USD, Euro, or GBP. RMB millionaire is not rich enough, unless he is 15 times RMB millionaire (or whatever the exchange rate is at the moment).
 

·
Registered
Joined
·
772 Posts
And what does Chinese millionaires buying Rolls-Royce got to do with the Chinese auto industry? It is not like any Chinese individual making more than $30K/year would be caught in a Chinese brand car anyway.

Look at Chery, Chery's 100,000+ yuan cars like Tiggo, DFZZ, and V5 sell poorly.
 

·
Registered
Joined
·
24 Posts
Well there are different chinese cars: some of them fall apart as soon as they move, others should be OK. I mean I don't see anything wrong in buying for example Hongqi HQ3 if you are wealthy enough. The car seems to be exact copy of Toyota Crown Majesta, either licened or not (in latter case it will probably not be as reliable as the proper one). If it is as good a japaneese car and than the former - it will a big success. I already can envisage Vladivostok car dealers bringing it to Russia instead of 2-3 year old Toyotas.
 
1 - 10 of 10 Posts
Top