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BY: Bix

Rich Young Bastards In China Buy Lamborghinis With Cash

Sorry. We’re just angry because we’re jealous.

Here are a couple quick statistics sure to validate your sense of self-worth: in China, two-thirds of new Lamborghini buyers are between the ages of 20 and 32. Nine out of ten Lambo buyers there pay for their cars in cash. And 10 percent of buyers never even drive their Lambos—they have them carted into their mansions and spread them around the house as works of art.

But if Sant'Agata has any problems with how these Chinese one-percenters are using their Lamborghinis, they're not talking about it in public. With good reason—thanks to an expected 70 percent increase in sales this year over last, China is on track to be Lamborghini's largest market in the world as of 2011. The car maker expects to sell 350 cars in China this year, pushing the United States into the number two slot in terms of sales.

It's not just Lamborghini that's finding success in China. Thanks to a massive increase in wealth among the Chinese upper class in recent years, the Chinese market for super sports cars and supercars has been blowing up like Castle Bravo. The country now boasts 271 billionares and 960,000 millionaires, according to the Hurun Report (China's list of wealth), and with broad stretches of freshly-built highways now woven across China, rolling high-speed status symbols are becoming quite popular. Can't say we blame them. Can say we're jealous. [via Detroit News]

COMMENTS
  • 2012 Lamborghini Is The Great Car Of The Present World | News Channel says:
    November 30, 2011 at 4:57 pm
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    [...] Rich Young Bastards In China Buy Lamborghinis With Cash Here are a couple quick statistics sure to validate your sense of self-worth: in China, two-thirds of new Lamborghini buyers are between the ages of 20 and 32. Nine out of ten Lambo buyers there pay for their cars in cash. … Tagged as 2012, Great, lamborghini, Present, World (No Ratings Yet)  Loading ... Translator [...]

  • E-B5 – Investment Green Card Program | SONNY KWAN | Real Estate says:
    December 1, 2011 at 2:39 pm
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    [...] will dramatically increase. That cost is even less in Canada where $250,000 affords the often Chinese cash buyer to obtain a green card. Vancouver was recently rated as Americas best place to live, and here [...]

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