China’s luxury car sales to double by 2020
06/03/2013
Demand for luxury vehicles in China is expected to more than double by 2020 to 3 million from the 1.25 million cars sold last year, according to consultancy McKinsey & Co. Sales in the country should surpass those the US by 2016 and equal that of Western Europe by 2020, it said. Nissan and General Motors are expanding their premium brands to...