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Ferrari, Maserati, Rolls-Royce, Bentley, Aston Martin, Porsche, Mercedes and BMW are selling well in China.
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Operates BMW Lifestyle retail chain in China, and, with brother Edward, controls chain of Hong Kong-listed PCD luxury department stores.
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Sales volume in Asia jumped by 31.4% to 493, 393 units, including 327, 341 BMW and Mini cars sold in China.
BBC: BMW logo
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But the real prize is the luxury-car market, where sales for some topline brands are already besting those in the U.S. Audi already far outsells BMW and Mercedes-Benz in China.
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Like 25 years ago, Daimler-Benz and BMW had the courage to come to China.
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The carmaker sold close to 30, 000 Cadillac cars in China in 2012, whereas both BMW and Audi sell more than 300, 000 vehicles there.
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It was the first time that BMW sold more than 300, 000 vehicles in China in a single year.
BBC: BMW logo
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Combined with Scandinavian design features that aim to differentiate Volvo from German rivals such as Audi, BMW and Mercedes, Volvo hopes to boost sales in China in particular, in part to compensate for weakness in Europe.
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He finished third in China, fourth in the British Masters and eighth in the BMW Championship at Wentworth before his shock triumph at Pinehurst.
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VW-subsidiary Audi's sales in China rose 30% last year to 405, 838 cars, while BMW's surged 40% to 326, 444.
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Christian Stadler, associate professor of strategic management at Warwick Business School, described BMW's performance as comparatively "healthy", pointing to how its strength in the US and China helped to compensate for weak sales in Europe.
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Susanne, her brother Stefan Quandt and her mother Johanna Quandt are each billionaires and together own nearly half of BMW, which has continued to grow despite weakness in Europe thanks to sales in the U.S. and China.
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