Personal Finance
Luxury brands eye 2nd-, 3rd-tier China cities
(chinadaily.com.cn)
Updated: 2009-09-28 16:26
Luxury automakers have to cast their eye to second- and third-tier Chinese cities, when the markets of first-tier cities are becoming saturated.
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Most city exhibition halls will be built in second-tier cities, said an executive from the Audi department of FAW-VW Automobile Co Ltd. In 2012, the number of cities covered by Audi's sales network will be driven from currently 86 to 100,he predicted.
From January to July 2009, Audi gained a sales volume of 79,000 in the country, even more than those by both Benz and BMW, but it underwent the lowest growth of 15 percent.
In order to obtain a bigger share in the Chinese luxury vehicle market, BMW and Mercedes-Benz also...
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