High-end car sales sink in China as its economy slows, taking a toll on European automakers
HONG KONG (AP) — Chinese demand for foreign luxury cars is waning as customers opt for more affordable Chinese brand models, often sold at big discounts, catering to their taste for fancy electronics and comfort. That is bad news for European carmakers like Porsche, Aston Martin, Mercedes-Benz and BMW that have long dominated the upper reaches of the world's largest auto market. A slowing economy hits the luxury marketA prolonged property downturn in China has left many consumers with little...
Read MoreSat, 13 Dec 2025
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