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China and Middle East Major Luxury Markets

Posted: May. 2nd, 2013  |  By DailyLuxe News

Photo: Bentley Motors

The luxury automotive market is growing in both the Middle East and China, as consumers are seeking high-end merchandise to show off their wealthy and prosperity.

More luxury cars are expected to sell in China than the U.S. by 2020, as demand is expected to grow 12 percent per year, according to the McKinsey Quarterly, as reported by China Car Times.  

This taste for the high life in China seems incongruous at a time when the USA and Europe are scaling back from saloons to hatchbacks and tightening their belts for what the UK Prime Minister, David Cameron, refers to as “years of austerity.”

Read More on chinacartimes.com
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