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In China, Women Buy Up Luxury Cars as a Symbol of Their Newfound Power
Photo: Maserati/WeChat As carmakers expand their presence in China, now one of the world’s fastest-growing car markets, Chinese women have taken a liking to luxury cars, challenging the status quo of...
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Aston Martin returns to profit as luxury car maker raises prices
Aston Martin Holdings Ltd. surged to its third consecutive quarterly profit on robust demand for the new DB11 sports car, putting the U.K. automaker in a better position for a potential share sale...
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Gulf luxury car market shows signs of recovery
LONDON: The market in luxury sports cars in the Gulf has been impacted by the effect of lower oil prices and government budget cuts, but some manufacturers have swum against the tide in the first half...
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Second Ferrari showroom opens in Kuala Lumpur at Platinum Park
Naza Italia has opened its second Ferrari showroom in Kuala Lumpur. The new outlet, located at Platinum Park in Kuala Lumpur, was officially launched in September. Occupying the ground floor area of...
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Bugatti opens its largest showroom in the world – and it’s in Dubai
With an area spanning 240 square metres the dealership, which is on Sheikh Zayed Road, is a continuation of a partnership between the supercar manufacturer and Al Habtoor Motors. Not only is it big,...
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Chinese Demand for Supercars Races Ahead at Full-Speed
Aston Martin is among the supercar brands in Beijing that have a showroom in the Financial District. (Shutterstock) Chinese demand has helped boost supercar sales around the globe to double-digit...
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BMW becomes China’s No. 1 luxury brand with April surge
Sales of BMW and Mini vehicles in China jumped 39 percent to 48,869 in April. The German automaker claimed bragging rights as China’s No. 1 luxury brand after outselling Mercedes-Benz and Audi....
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China’s Geely Buys Iconic British Luxury Automaker Lotus
Image via Shutterstock In another overseas acquisition for Chinese carmakers, prestige British car brand Lotus will soon be owned by China’s Geely. The Chinese auto giant also owns Sweden’s Volvo, and...
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This $38.5 million Ferrari tops the list of world’s most expensive classic cars
A 1962 Ferrari 250 GTO is the most expensive car sold at auction A 1963 Ferrari 250 GTO, auctioned off in 2000. Owning a piece of automobile history may give you more than the pleasure of driving...
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Alibaba is going to start selling luxury cars from a vending machine in China
Alibaba plans to follow suit with Carvana in the US and Autobahn Motors in Singapore, by opening a car vending machine in China later this year. No, it’s not a machine for your car that will allow you...
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