China Binges on Luxury Cars

Mercedes, BMW, Audi get big bump from the dragon
By Kevin Spak,  Newser Staff
Posted Dec 7, 2009 8:53 AM CST
China Binges on Luxury Cars
The logo of Mercedes Benz is seen against the backdrop of forbidden city at a launch for Mercedes Benz new generation S Class models in Beijing, China, Friday, Aug. 28, 2009.   (AP Photo/Elizabeth Dalziel)

The hottest new market for luxury cars is China, where Mercedes, Audi, and BMW all reported huge increases in sales in November. Mercedes delivered 8,700 cars to China last month, the company said, “nearly three times the number sold in November 2008.” Audi sales more than doubled to 16,503 cars, and the company expects China to pass Germany as its largest market within two or three years. And BMW moved some 8,470 cars, a 40% pop.

(More Mercedes-Benz stories.)

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