The economic slowdown is beginning to affect the Chinese luxury car market, with dealers cutting the prices of top-end models such as BMW and Audi.
However, the most expensive marque, Rolls-Royce, has yet to feel the chill. "We are in a different segment," said Roll-Royce’s director of sales and marketing, Jolyon Nash, on Tuesday. "When you look at it worldwide, there is always a strong demand for super luxury goods."
The China Association of Automobile Manufacturers on Tuesday revised its estimate of 8 percent growth for this year’s car sales to less than 5 percent.