Date
18 October 2017

Lamborghini China tips slower market growth, WSJ says

The market for so-called super sports cars in China will cool to a single-digit growth rate this year from about 15 percent in 2013,  the Wall Street Journal reported Monday, citing the head of Volkswagen AG’s Lamborghini brand in the country. While forecasts vary among makers of these exotic cars—with some suggesting as high as 15 percent growth—Andrea Baldi, the managing director of Automobili Lamborghini China, expects a lower rate. “It’s not a big growth [rate]. It’s stabilizing like the economy in China,” Baldi was quoted as saying. Lamborghini estimates that combined sales of luxury sports cars in the country grew 14.6 percent to 1,925 units last year. The company sold 205 vehicles in China in 2013, down from 234 in the previous year, the report said.

– Contact HKEJ digest@ejinsight.com

SK/CG

 

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