Demands for luxury cars rise in China, despite overall declining car sales

10 premium brands such as Mercedes Benz, Volvo, and BMW see sales spike in China this year.


Syamil Faisal

7 Oct, 2019

Demands for luxury cars rise in China, despite overall declining car sales | BEAMSTART News

- From our Sponsors -

In the first 8 months of this year, overall car sales in China dropped by 11 percent to 16.1 million units compared to last year.

According to Toliver Ma, an auto sector analyst at brokerage Guotai Junan International, China’s consumption upgrade increased the demands for premium cars.

BMW’s joint venture partner, Brilliance China Automotive revealed that China-made BMW cars increased its sale by 25.9 percent to 264,194 units.

Volvo cars too have seen a domestic sales increase by 12.3% for this year’s first 7 months — higher than Volvo’s global sales growth of 10 percent.

“Fewer people want to buy a cheap car these days, especially those in business, as they represent your pocket, face, and credibility … quality cars are also safer and more spacious.”
Wu Junchen, a Shanghai-based businessman.

- From our Sponsors -

Latest Jobs

Solutions Engineer

Depot

Full Time

USD 120000 — USD 150000 yearly

Founding Designer

Spur

New York,

Full Time

USD 140000 — USD 220000 yearly

Full-Stack Engineer

Clarion

New York,

Full Time

USD 150000 — USD 220000 yearly

Senior Software Engineer, Song Quiz

Volley

California,

Full Time

Salary Undisclosed

Director, Service Operations

Curri

California,

Full Time

USD 160000 — USD 190000 yearly

Founder's Office

CozmoX AI

California,

Full Time

USD 50000 — USD 100000 yearly

Launch Operations Specialist

RealRoots

California,

Contract

USD 80000 — USD 90000 yearly

Solutions & Sales Operations

Zensors

California,

Full Time

Salary Undisclosed

Account Executive (US)

Kombo

New York,

Full Time

USD 200000 — USD 220000 yearly

BEAMSTART is a hub for everything Startups, Entrepreneurship, and Innovation. Connect with a global community of people, and stay updated with the latest startup jobs, news, and discussions.

 
© 2016 - 2025 BEAMSTART. All Rights Reserved (Legal).