McLaren is the latest company to join the ranks of the top-end car market in China, two years after starting production worldwide. Dealerships opened in Shanghai 10 days ago, and in Beijing last week (pictures here), with new showrooms opening this week in Chengdu and Guangzhou.

With around 30,000 new millionaires in China created each year, plenty of people can afford these models, though the ultra-luxury market (which includes the likes of Bentley, Rolls-Royce, Aston Martin and Maserati) is estimated at 5,000 per year in China. Of more concern is the fact that growth – as fast as 100% annually in recent years – is expected to slow significantly. In addition, these car are often in the news for all the wrong reasons, another sign that sales may fall off. Continue reading Corruption crackdown in China provides road bump for luxury car makers →