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Chinese Buyers are deserting German Brands - this will end in disaster

20 Views· 11/01/24
Kwabena Ofori Osei
Kwabena Ofori Osei
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Chinese Buyers are deserting German Brands - this will end in disaster.

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Kwabena Ofori Osei
Kwabena Ofori Osei 10 months ago

Reports indicates that by 2030, most of these luxury expensive premium brands, like BMW, Mercedes, Porsche, will probably be gone; and if they still exist it will be in a very small number in the automobile market.”

So what are African car manufacturers going to do to take advantage of this opportunity in the automobile industry and market?

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Kwabena Ofori Osei
Kwabena Ofori Osei 10 months ago

Yes, more and more new Chinese buyers are increasingly choosing locally-made Chinese cars over the more expensive, “luxury” German brands. This is causing German car manufacturers like BMW, Mercedes-Benz, and Porsche to adjust their strategies in China, the world's largest new-car market.

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Kwabena Ofori Osei
Kwabena Ofori Osei 10 months ago

More and more Chinese new car buyers are ditching German brands as they embrace locally-made Chinese models like never before – causing BMW, Mercedes-Benz and Porsche to regroup in the world's largest new-car market.

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