Pursuits
Rolls-Royce China Sales Flatline Amid Xi Austerity Drive
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Rolls-Royce, the ultra-luxury car brand owned by Bayerische Motoren Werke AG, expects sales growth to slow in China this year as an austerity push by President Xi Jinping damps luxury demand.
Sales volumes in the company’s second-largest market will be little changed from 2012, Paul Harris, Asia-Pacific regional director for the brand, said in Sydney yesterday. By comparison, Rolls-Royce sales rose 16 percent to 998 vehicles last year, according to estimates at research firm LMC Automotive.