{"id":11868,"date":"2012-01-03T18:01:21","date_gmt":"2012-01-03T18:01:21","guid":{"rendered":""},"modified":"2012-01-03T18:01:21","modified_gmt":"2012-01-03T18:01:21","slug":"China-Beats-U-S-in-Buying-Rolls-Royces","status":"publish","type":"post","link":"https:\/\/asiancemagazine.com\/?p=11868","title":{"rendered":"China Beats U.S. in Buying Rolls-Royces"},"content":{"rendered":"<p><strong>When it comes to mapping the world\u2019s changing plutocracy, the Rolls-Royce Index is among the more useful tools.  Simply put, it measures which country is buying the most Rolls-Royces. The index not only gives us a sense of the country\u2019s with the most excess wealth to burn (a base model Rolls will set you back at least $245,000), but also the citizens who are most anxious to display it. For ages, America has topped the list.  But 2011, China beat out the U.S. to top the index for the first time.<\/strong><\/p>\n<p>According to a report in the L.A. Times, the country known just a decade ago as the bicycle capital of the world now leads in Rolls Royce buying.  To honor their new best customers, Rolls is unveiling \u201cYear of the Dragon\u201d models \u201cwith hand-embroidered versions of mythical animals on leather headrests.\u201d The sticker price: $1.6 million.  <strong>Many of China\u2019s Rolls buyers are heirs and heiresses, rather than self-made rich.  \u201cOur customers are super-rich, second-generation young people who have inherited money or whose parents buy them cars,\u201d Wilson Ho of the dealership and luxury group Sparkle Rolls. \u201cChinese parents love their kids. They\u2019ll buy them whatever they like.\u201d<br \/>\n<\/strong>  <\/p>\n<p><strong>Rolls Royce said the official numbers for 2011 won\u2019t be out until Jan. 9, and it never breaks out country-by-country sales. In 2010, the company had its best year ever with 2,711 cars sold globally and 2011 will be even better.  The company said that as of June of 2011, Asia Pacific led the world in Rolls sales growth. While sales in North American grew 40%, sales in Asia\/Pac grew 170%.<br \/>\n<\/strong><\/p>\n<p><a href=\"http:\/\/blogs.wsj.com\/wealth\/2012\/01\/03\/china-beats-u-s-in-buying-rolls-royces\/\">SOURCE<\/a><br \/>\n<!--break--><\/p>\n","protected":false},"excerpt":{"rendered":"<p>When it comes to mapping the world\u2019s changing plutocracy, the Rolls-Royce Index is among the more useful tools. Simply put,<\/p>\n","protected":false},"author":1213,"featured_media":70655,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"colormag_page_container_layout":"default_layout","colormag_page_sidebar_layout":"default_layout","footnotes":""},"categories":[1],"tags":[],"class_list":["post-11868","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"magazineBlocksPostFeaturedMedia":{"thumbnail":false,"medium":false,"medium_large":false,"large":false,"1536x1536":false,"2048x2048":false,"colormag-highlighted-post":false,"colormag-featured-post-medium":false,"colormag-featured-post-small":false,"colormag-featured-image":false,"colormag-default-news":false,"colormag-featured-image-large":false,"colormag-elementor-block-extra-large-thumbnail":false,"colormag-elementor-grid-large-thumbnail":false,"colormag-elementor-grid-small-thumbnail":false,"colormag-elementor-grid-medium-large-thumbnail":false},"magazineBlocksPostAuthor":{"name":"Joshua","avatar":"https:\/\/secure.gravatar.com\/avatar\/62ee23f8f40307578d1f284ecd823d77f32da8ea35541e7dbdafeb5da1a4e877?s=96&d=mm&r=g"},"magazineBlocksPostCommentsNumber":"0","magazineBlocksPostExcerpt":"When it comes to mapping the world\u2019s changing plutocracy, the Rolls-Royce Index is among the more useful tools. Simply put,","magazineBlocksPostCategories":["News"],"magazineBlocksPostViewCount":116,"magazineBlocksPostReadTime":2,"magazine_blocks_featured_image_url":{"full":false,"medium":false,"thumbnail":false},"magazine_blocks_author":{"display_name":"Joshua","author_link":"https:\/\/asiancemagazine.com\/?author=1213"},"magazine_blocks_comment":0,"magazine_blocks_author_image":"https:\/\/secure.gravatar.com\/avatar\/62ee23f8f40307578d1f284ecd823d77f32da8ea35541e7dbdafeb5da1a4e877?s=96&d=mm&r=g","magazine_blocks_category":"<a href=\"#\" class=\"category-link category-link-1\">News<\/a>","_links":{"self":[{"href":"https:\/\/asiancemagazine.com\/index.php?rest_route=\/wp\/v2\/posts\/11868","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/asiancemagazine.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/asiancemagazine.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/asiancemagazine.com\/index.php?rest_route=\/wp\/v2\/users\/1213"}],"replies":[{"embeddable":true,"href":"https:\/\/asiancemagazine.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=11868"}],"version-history":[{"count":0,"href":"https:\/\/asiancemagazine.com\/index.php?rest_route=\/wp\/v2\/posts\/11868\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/asiancemagazine.com\/index.php?rest_route=\/wp\/v2\/media\/70655"}],"wp:attachment":[{"href":"https:\/\/asiancemagazine.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=11868"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/asiancemagazine.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=11868"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/asiancemagazine.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=11868"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}