Pursuits
Porsche Only in China Has $220,000 Entry-Level Club Model: Cars
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At the Beijing Sports Car Club, a $220,000 Porsche SE 911 counts as an entry-level model. Members are competing with counterparts who race $3.9 million Tramontanas and $4.3 million Bugatti Veyron 16.4s.
The number of millionaires in China jumped 31 percent last year to more than 1.1 million, and with an average age of 39, they are 15 years younger than their U.S. and European peers. Car clubs, nonexistent in the country two years ago, provide enthusiasts with a venue to demonstrate their vehicles and carmakers an opportunity to win more converts.