An Analysis of the Luxury Car Market in the first half of 2005

2005 is a critical year in the short history of luxury cars. The good news is the launching of a number of luxury brands, including the Beijing Mercedes project which got the green light from the authorities. In contrast, the policy and external environment have witnessed fundamental changes: rising fuel prices and a new policy against domestic resembling of luxury cars. The first half saw a total of 40,325 luxury cars produced and 40,410 sold. In sharp contrast to the steep drop of upper med…