Many in the neighborhood own cars, still a luxury in China, a nation still known for its bicycle traffic.
China luxury brands are thinking twice about expanding in China these days.
We believe heavyweight motorcycle sales in China can easily overtake Japan just as luxury automobile sales in China have overtaken Japan.
But Buick survived because of a strong following as a luxury brand in China.
Ford is right to try and gain a share of the China luxury car segment.
Pioneer in China luxury retailing in the 1990s through Ports Design brand is still eyeing expansion worldwide.
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Despite those high taxes, sales for luxury cars in China soared 30% in 2011, my firm estimates.
Lincoln will face an uphill battle as they battle to gain a share of the China luxury car market.
However, luxury sales in China still trails those in the U.S. but are expected to surpass them by 2020.
Additionally, it is important to note that not all luxury consumers in China actually have the salary to support such purchases.
The pricing differential is turning luxury stores in China into loss leaders.
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The number of luxury stores in China has nearly doubled over the past five years, according to estimates from brokerage CLSA Asia-Pacific Markets.
Approximately 73% of luxury consumers in China are under age 45, significantly younger than their counterparts in western nations or even nearby Japan.
Jaguar Land Rover agreed to form a joint venture with Chery Automobile that would manufacture and sell the U.K. auto maker's luxury vehicles in China.
At the moment, the China luxury market is continuing to boom.
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The report found that one-third of luxury consumption in China today came from just nine markets: Chongqing, Dongguan, Foshan, Guangzhou, Hangzhou, Nanjing, Shenzhen, Tianjin and Wenzhou.
Luxury consumption in China has seen double digit growth in recent years as a result of rapid economic growth and rising standards of living in China.
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Ferrari is a leading luxury brands in China and Hublot is establishing itself in the country with 3 boutiques currently and 12 openings planned by the end of 2012.
The luxury goods market is booming in China, now the No. 2 luxury good markets in the world after Japan.
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We will have to wait and see what other forms of luxury consumer behavior develop as China chases Japan to attain the number one spot on the list of global luxury consumer markets.
The good news for the luxury brand industry in China is that the market is still growing.
Recently, Ford also announced that it was looking to roll out its luxury brand Lincoln to China by 2014.
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In the past, rapid economic growth and rising wages have directly translated to increases in luxury retail sales in China.
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That is a problem especially in new luxury markets such as China, where the average millionaire is in his or her early 40s.
What might be seen as part of an everyday life in the U.S. or Europe might be seen as a luxury in India or China.
Also strong in China are luxury auto sales, with 43 percent of the wealthy planning to spend more on cars, compared to 11 percent in the U.S., U.K. and Japan.
After the automaker announced that it will roll out is luxury brand Lincoln in China by 2014, CEO Allan Mulally said the company will launch 6 new models in South Korea this year.
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It is interesting to observe the varying motivations for luxury consumer purchases in contemporary China.
The big prize in China is a luxury goods market that has exploded, with new wealth seeking style and status.
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