Luxury car sales keep foot on accelerator
By Li Fangfang | China Daily | Updated: 2014-07-14 07:25
The ultra luxury vehicle sector in China continued to increase in the first half of the year despite worries of a drop in sales due to the government's frugality campaign.
Stable economic growth and, more important, local consumers becoming more mature, helped support first-half sales and give confidence for future growth, industry players said.
German sports car maker Porsche reported 19,800 vehicles delivered in China in the first half, an annual rise of 8 percent.
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