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It's mostly the import taxes... A Ferrari 458 will run you almost 720K USD (about 3x of what it is in the US). And you see them quite frequently.
by ewang1 12y ago
It's mostly the import taxes... A Ferrari 458 will run you almost 720K USD (about 3x of what it is in the US). And you see them quite frequently.
- seanmcdirmid 12y agoChina has high taxes on luxury cars, so they really are 2 or 3X the cost of the states (especially if imported). However, at least outside of Shanghai, registration costs are low (well, in Beijing we have the lottery), so you'll still see a lot of low end Chinese brands flying around. When I was in Singapore, I got the impression that it was very different there, all the cars were quite nice.