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China will become the world's largest market for luxury cars by 2016 after its passes the U.S.,...

Tuesday, March 5, 8:45 AM ET
China will become the world's largest market for luxury cars by 2016 after its passes the U.S., according to a new report from McKinsey & Co. The firm sees China's premium car market growing to an annual selling rate of 3M premium cars by 2020. Though China provides an enticing growth opportunity for high-end automobile sellers, the market is also fraught with risk as the government stays involved with many of the joint ventures. Watching the trend: Daimler (DDAIF.PK), BMW (BAMXY.PK), Audi (VLKAY.PK), Acura (TM), Cadillac (GM), Aston Martin, Jaguar Land Rover (TTM), Tesla Motors (TSLA).

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This news story has 6 comments:

Sam Liu Comments (2809)

Acura is a Honda, not a Toyota.

Some Acura vehicles are sold as Honda (Integra) in Cn.

5 Mar, 08:55 AM Reply Like

Cassina Tarsia Comments (266)

What a market! And look at the pollution in China ... just perfect for Tesla. And the latest that I heard was that China is going full tilt into alternative fuel cars in an attempt to start cleaning up the dirt in the air.

5 Mar, 11:28 AM Reply Like

123man Comments (282)

China also specializes in knock offs - hope not - for Tesla's sake - Knowing Elon's ability to posture correctly, I suspect he will hit it out of the park in China - which is ultimately great for we Tesla owners back here in the states -

5 Mar, 11:42 AM Reply Like