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 For Germany’s segment dominating prestige carmakers, US and Chinese streets are still paved with Gold. One third into the current year, and despite the difficult conditions in their domestic European backyard, the entire small group of Europe’s prestige car makers has been able to detach itself from the unrelenting gloom which has been affecting most of their suffering mass car colleagues, thanks to ongoing healthy demand for their cars in the still expanding luxury car markets in both the US and China. These two markets alone are soaking up a forever growing proportion of their global sales. At a time when West European demand for the status rich prestige cars built by Audi, BMW, Mercedes and Porsche for instance has slowed to a trickle, demand for their cars in both the US and China has continued to expand at a markedly faster rate than earlier expected, thus offsetting the difficulties still encountered in their austerity-gripped West European backyard MORE LIKE THIS: China’s car market lost little fizz since start of this year 30 Apr 2013 Car sales slide for 18th month in a row 18 Apr 2013
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