China's Luxury Car Market Booms – Chinese Women Drive Ferrari Sales. Wait, WHAT?

Monday May 3rd, 2010 at 11:55 AM
Posted by: michael.leroy

China FerrariFerrari and other luxury automakers are looking East for new sales

If were not able to snap up a Ferrari 599 GTO before they sold out, maybe a woman in China bought Ferrari’s newest super car from right under your nose. According to GoAuto.com.au, Chinese Women are driving Ferrari sales in the People’s Republic of China. 20 percent of the 220 Italian super cars were sold to women this year. In the West, only five percent of Ferrari’s sales are to women.

Ferrari is hoping to at least double sales in the PRC. China has weathered this recession much better than we have in the U.S. and its wealthy elite are chomping at the bit to buy luxury cars.

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China Domestic Car Sales in the Black

Thursday March 12th, 2009 at 6:33 AM
Posted by: m35man

China’s sales of domestically made vehicles surged 25 percent in February from a year earlier, as customers took advantage of a major tax cut for small cars, the official Xinhua News Agency reported Tuesday, citing industry figures.

In keeping with my mantra of only reporting positive automotive news, I am writing about China’s increased sales of domestic vehicles. I must admit, it’s getting harder and harder to find these kinds of upbeat stories. But, I refuse to get sucked into all of the gloom and doom out there right now. Every day, it’s all about factories closing, carmakers hovering near the edge of bankruptcy and massive layoffs. I believe it all feeds on itself. Having an upbeat attitude and putting a positive spin on it is my personal solution.

What can we learn from China’s recent success? For one, we can start by giving potential new car buyers in this country more incentive to buy, like Hyundai is doing with their “Can’t pay? We’ll take it back” program. These are not normal times, so a “business as usual” approach will not work.

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