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The Ultra high-end sector slows significantly

The slowing economy and the government drive to reduce extravagant expenditure appears to have started to take affect in the ultra high-end car sector in China. Sales for Ferrari were down 12.5% for the first half of the year and those for Bentley reduced by 23%. However, sales of high-end luxury cars such as BMW, Jaguar Land Rover and Audi were all up 15%, 16% and 17.7% respectively, so why the dramatic affect right at the top?

The first reason is that new regulations in…

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