Luxury Car Market in China

[Randy W]

. . . definitely affected by the new administration. Guangzhou Auto Show opens today

 

Rivals Aim to Break German Hold on China Luxury-Car Market

http://online.wsj.com/news/articles/SB10001424052702303755504579207922613280410

 

LR's Range Rover LWB and its 2014 Range Rover Evoque; Volvo Car Corp.'s new longwheel base sedan the S60L; Toyota Motor Corp.'s Lexus will hold the world premiere of its 2014 CT 200h full hybrid hatchback compact luxury sedan; GM's China debut of its Cadillac ATS small sedan; and Nissan Motor Co.'s Infiniti unveils its Q50 2.0T engine model.

 

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China's recently installed government under President Xi Jinping has been cracking down on conspicuous consumption, especially of foreign luxury cars, by government officials. This has had a knock-on effect for people like Beijing publishing entrepreneur Frank Zhang, who needs to interact with officials on a regular basis.

"When you deal with state-run companies, you should keep a low profile," said Mr. Zhang, who is no relation to car shopper Andrew Zhang. "Few publishing entrepreneurs drive BMW or Mercedes cars because that would be seen as flaunting one's wealth."