Actually, they have a far higher savings rate than we do. Most cars in China (i read somewhere) are paid for in cash.
Car financing is unusual, although I bet that will change over te next decade.
Digger
Actually, they have a far higher savings rate than we do. Most cars in China (i read somewhere) are paid for in cash.The average age of a Buick buyer in China is 32, why is it 65 in North America?
I'm thinking that the "old man" stigma didn't hit China, so therefore there isn't the preconceived notion when deciding on a Buick (or avoiding the brand for that matter). I also think that maybe Chinese buyers have more disposable income and can afford the "luxury" brand's price tag.
I once heard a story of an East Indian gentleman who rode his Vespa through Calcutta, carrying a bag of money between his legs. He was on his way to buy a house, for about $300K equivalent.Digger - Note that a 25 year old walked into a dealership there with a bag of cash to buy her Regal.
... and color selection, as well. "Death Pallor Gray" just isn't doing it for me.theres a stigma in north america that buicks are for old people. thats pretty much what it boils down too. if they want to attract a younger crowd the need to improve their exterior stylings.