Can Detroit Luxury Cars Compete in China?

It seems that Chinese buyers do not view Detroit’s Big 3 as a competitor in the exotic car segment.  So how will Detroit compete with the likes of Lexus, BMW and Mercedes to nab a slice of the lucrative luxury car market of China? 

Detroit Big 3

Detroit is certainly missing a big opportunity, as the Chinese luxury car market has been growing twice as fast as any other auto market.  Detroit automakers lack a certain credible entry into the market, because when the Chinese think of a luxury car, visions of German brands dance through their heads, and well, they consider the Cadillac a step down.

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Are Chinese Auto Buyers Biting the Green Bait?

Familiar issues of auto ownership like traffic and pollution are quickly becoming a part of life in China, as the auto industry and luxury car market China continues to accelerate.  With the new boom in Chinese auto ownership, both the Chinese government and automakers have been baiting buyers to purchase green luxury cars.  So are they biting?

Fisker Karma luxury hybrid

Fisker Karma luxury hybrid

No amount of clever marketing or pricing brackets can persuade some buyers to invest in luxury hybrid cars, at least not just yet.  A big reason is because hybrid auto technology is still in its infancy, and in case you are unaware, the average citizen of China is pretty sharp. 

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The Top 10 Wealthiest American Counties Are Not Where You Expect!

Across the United States, it may surprise you to discover that none of the top 10 wealthiest counties are located in California or Florida.  This seems a bit shocking with the celebrity soaked shores, excesses of LA, South Beach and Miami, and yet according to the good people at Forbes, the top 10 richest counties in America are as follows:

1.    Falls Church City, VA– $113,313 (<—Median household income)
2.    Loudoun County, VA–$112,021
3.    Fairfax County, VA–$104,259
4.    Hunterdon County, NJ–$102,500
5.    Howard County, MD–$101,003
6.    Los Alamos County, NM–$100,423
7.    Douglas County, CO–$99,522
8.    Morris County, NJ–$96,316
9.    Somerset County, NJ–$96,233
10.    Fairfax City County, VA–$96,232

Richest U.S. Counties

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China’s Luxury Car Craze Continues

Luxury car brands are faring quite well in the current luxury car market in China, with leading companies like Ferrari, Rolls-Royce, Bentley, Lamborghini and Maybach setting up operations.  The luxury car craze in China continues, with renewed vigor displayed at this year’s Shanghai Auto Show.

Lamborghini Gallardo 570-4 Superleggera

Lamborghini Gallardo 570-4 Superleggera

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Ferrari Offers 7 Years Free Maintenance in Europe Following 458 Fires

Ferrari 458 Italia

Ferrari 458 Italia

Ferrari brand has found a way to recover even further from the bad press and fear associated with the Ferrari 458 Italia fires!  Yep, the luxury car marquee is now offering a full 7 years of free maintenance for European clients.  This is likely an image recovery move meshed with purchase incentive, as maintaining a luxury car can be quite expensive.  Hey, a Ferrari rental Miami is way less dinero, and also comes with free maintenance!

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Billionaire Life: One Hyde Park London Launch Party

One Hyde Park McLaren

McLaren display beneath One Hyde Park

Recently the hautest new London address, One Hyde Park, showed the world the meaning of a launch party!  The champagne flowed, 5,000 golden balloons were released from the roof, guests dined on the creations of Heston Blumethal and Daniel Boulud, and those fortunate enough to be present could rub elbows with the likes of Andrew Lloyd Webber, Eastern European oligarchs, Middle Eastern sheiks, Chinese entrepreneurs, Formula One chief Bernie Ecclestone and 350 other select VIPs.  I can just picture the flawless lineup of luxury rental cars gracing the opulent entrance.

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China to Outpace U.S. Lamborghini Sales This Year

China Luxury Car Market Lamborghini

The United States, typically the stronghold of luxury auto demand, appears to be losing the reigns to China, who is poised to outpace the U.S. in Lamborghini sales as early as this year.  This is an unprecedented event, and a clear display of the importance of the Asian luxury car market, especially the China luxury car market Lamborghini sales.

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Two Exotic Car Dealerships to Open in Sync in Palo Alto

McLaren MP4-12C

McLaren MP4-12C

Not one, but two separate luxury car dealerships are set to rev things up in Palo Alto, California.  Yes, both a McLaren dealership and a Fisker dealership will be rolling out the red carpet for luxury car and exotic rental car customers on the illustrious west coast. 

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Certified Pre-Loved Luxury Cars Catapult Into Popularity

CPO Maserati

Behold the emerging popularity and magic of certified pre-owned (CPO) luxury vehicles, appearing in budget driveways everywhere.  This is a win-win for both luxury car manufacturers and eager certified pre-owners, bringing the previously impossible to afford exotics to a wider audience.  Not interested in the high cost of maintaining a luxury car?  Just indulge in the occasional exotic car rental Miami from Imagine Lifestyles.

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Did the Earthquake Also Shake Up Japan’s Chances in China’s Luxury Car Market?

Lexus LFA Supercar

*Lexus LFA supercar

A bit diverse from foreign carmakers, leading Japanese manufacturers export their luxury and exotic cars to China rather than producing them locally.  Due to the recent earthquake and ensuing tsunami, Japanese exports to China will likely suffer because Toyota, Honda and Nissan have already shut plant operations in Japan.  

The woes of the already reeling Japan may continue along shaky ground as they struggle to maintain a grasp on China’s luxury car market, a highly important segment.  Toyota, Honda and Nissan view China’s bustling luxury car industry as an opportunity to attract the country’s wealthier consumers and unload their luxury car models, like the Lexus LFA supercar.

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