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Slowing China Growth May Hurt Supercar Sales
Lamborghini SpA (LAM), maker of the $1 million Aventador LP 700-4, said industry sales of ultra-luxury sports cars may slow as signs that China’s economy is weakening puts off some buyers. “If you look at the economy right now, there may be some uncertainty to make people wait a little,” Christian Mastro, Lamborghini’s Asia Pacific general manager, said in a phone interview on Feb. 16. “The number of people able to spend this kind of money is limited, it’s not unlimited.” Growth in the world’s second-largest economy cooled to the slowest pace in more than two years in the fourth quarter and the trade ... (full story)
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