Chinese women buying disproportionate percentage of exotic cars?
 

<p>Filed under: <a href="http://www.autoblog.com/category/carbuying/" rel="tag">Car Buying</a>, <a href="http://www.autoblog.com/category/sports/" rel="tag">Performance</a>, <a href="http://www.autoblog.com/category/china/" rel="tag">China</a>, <a href="http://www.autoblog.com/category/maserati/" rel="tag">Maserati</a>, <a href="http://www.autoblog.com/category/luxury/" rel="tag">Luxury</a></p><a href="http://www.autoblog.com/2011/01/14/chinese-women-buying-disproportionate-percentage-of-exotic-cars/"><img alt="Maserati GranTurismo" border="0" height="420" hspace="0" src="http://www.blogcdn.com/www.autoblog.com/media/2011/01/maserati-granturismo-china.jpg" vspace="4" width="630" /></a><br />
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The number of <a href="http://www.autoblog.com/tag/china">Chinese</a> millionaires is growing rapidly, and women account for a third of that rising, affluent population. This is good news to exotic car manufacturers because wealthy Chinese women are snatching them up like Italian pastries.<br />
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Sales of high-end automobiles rose 60 percent last year and analysts are already pegging a 35 percent climb for 2011. <a href="http://www.autoblog.com/make/maserati/">Maserati</a> reports that 30 percent of its Chinese sales are to women, compared against just 10 percent for European sales. China is now on track to pass Italy as the automaker's second largest market.<br />
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It's not just Maserati, either; <a href="http://www.autoblog.com/make/ferrari/">Ferraris</a> and <a href="http://www.autoblog.com/make/lamborghini/">Lamborghinis</a> are being purchased in large numbers. The wealthy women of China account for 20 percent of local Ferrari sales, which is double the global average. The rise in exotic vehicle sales has even gotten the attention of <a href="http://www.autoblog.com/make/bugatti/">Bugatti</a>, and the <a href="http://www.autoblog.com/make/volkswagen/">Volkswagen</a> Group is now discussing a potential sales plan for China.<br />
<em>Thanks for the tip, Art!</em><br />
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[Source: <a href="http://www.bloomberg.com/news/2011-01-13/chinese-women-millionaires-enter-man-s-world-with-400-000-maseratis.html?nstrack=si d:4961809|met:100300|cat: 0|order:2" target="_blank">Bloomberg </a>]<p style="padding:5px;backgr ound:#ddd;border:1px solid #ccc;clear:both;"><a href="http://www.autoblog.com/2011/01/23/chinese-women-buying-disproportionate-percentage-of-exotic-cars/">Chinese women buying disproportionate percentage of exotic cars?</a> originally appeared on <a href="http://www.autoblog.com">Autoblo g</a> on Sun, 23 Jan 2011 19:03:00 EST. Please see our <a href="http://www.weblogsinc.com/feed-terms/">terms for use of feeds</a>.</p><h6 style="clear: both; padding: 8px 0 0 0; height: 2px; font-size: 1px; border: 0; margin: 0; padding: 0;"></h6><a href=http://www.bloomberg.com/news/2011-01-13/chinese-women-millionaires-enter-man-s-world-with-400-000-maseratis.html?nstrack=si d:4961809|met:100300|cat: 0|order:2>Read</a>&nbsp;|&nbsp;<a href="http://www.autoblog.com/2011/01/23/chinese-women-buying-disproportionate-percentage-of-exotic-cars/" rel="bookmark" title="Permanent link to this entry">Permalink</a>&nbsp;|&nbsp;<a href="http://www.autoblog.com/forward/19804296/" title="Send this entry to a friend via email">Email this</a>&nbsp;|&nbsp;<a href="http://www.autoblog.com/2011/01/23/chinese-women-buying-disproportionate-percentage-of-exotic-cars/#comments" title="View reader comments on this entry">Comments</a>

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