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CHINA - Status Culture
More of China’s new car buyers are turning into Premium-badge snobs
Published: Thu, 19 Apr 2012 18:44:56 GMT

China’s market for inexpensive small cars with few frills may have suffered the biggest setback so far, but the sector directly above – the mainstream Small-Sector car segment - has also taken some knocks, albeit on a lesser scale.

That’s born out by latest car sales numbers.

First quarter demand for the overall market may have risen 3.4 per cent, but sales of Small-Sector cars during the same period shrank by almost 1 per cent, after falling almost three times faster during March itself. Again, the knock-on effects were felt mainly by China’s domestic carmakers


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