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> So what situations are causing this? China for one. I think this is a key point. I was really just talking about America, where many people have rebounded fr
by _bxg1 6y ago
> So what situations are causing this? China for one.
I think this is a key point. I was really just talking about America, where many people have rebounded from that sort of thing after embracing it 20-30 years ago. For China, traditional signals of wealth are still new and novel. People aren't sick of it yet.
- ypzhang2 6y agoNot sure the numbers bear that out: https://www.prnewswire.com/news-releases/porsche-posts-record-us-retail-sales-in-2019-300981004.html https://www.prnewswire.com/news-releases/porsche-posts-recor... https://www.cnbc.com/2020/01/13/lamborghinis-2019-sales-jump-43percent-driven-by-its-urus-suv.html https://www.cnbc.com/2020/01/13/lamborghinis-2019-sales-jump... Anecdotally as well, Hermes does VERY brisk business by where I live (midwest), pre-COVID