Luxury car tastes in China switch to more affordable models, WSJ reports
In China, luxury-car makers like Ferrari, Bentley and Lamborghini have seen their popularity diminish as the economic slowdown and the country's move against conspicuous consumption are taking a toll, reports the Wall Street Journal's "Heard on the Street." Meanwhile, less expensive cars are doing better, such as BMW Jaguar-Land Rover and Aud, which cater to China's growing middle class, rather than the country's ultra rich.
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