Lamborghini Predicts Supercar Sales in China Up 20-30% in the Next 5-10 Years image

Lamborghini expects supercar market in China to increase with 20-30%annually in the following 5 to 10 years.

Christian Mastro, the general manager in Asia-Pacific for Lamborghini, said that he is aware of the fact that the current economic lowdown will affect the company’s sales this year, but after an increase of 150% in 2010 and 70% in 2011, he is optimistic about the future of the Chinese supercar market.

“Compared with mature markets like the United States or Japan, the supercar-market share in total vehicles sales is quite small in China. But long-term, the sector will grow by 20 to 30 per cent annually on average over the next five to 10 years,” he added.

Lamborghini expects 2012 sales in China to reach 342 units that is a fifth of its total global sales. From January to June the famous Italian sports car maker sold 120 super sports cars in this country. Mastro expects sales to be boosted by the newly launched Aventador and the Urus SUV, which was unveiled, at the Beijing auto show in April.

According to China Association of Automobile Manufacturers, car sales in China were up 9.9% in June to 1.58 million units, this means that from January to June sales were up 2.9% to 9.6 million units.