Not exact matches
Beijing has been pushing for greater domestic spending, cracking down on shopping agents known as «daigou» bringing products into China from overseas, and cutting high tax rates on
imported luxury goods
sold in the country.
It also failed to attract the younger
import - buying audience, especially since
luxury makes tended to
sell based on brand loyalty rather than price or features.
And in March, Lexus will launch the GS 300, a
luxury sedan that is bigger than the entry - level ES 300 but smaller than the flagship LS 400, America's best -
selling imported luxury car.
He says Cadillac aims for sales of 25,000 in the first year, which would place the Catera high on the list of top -
selling imported luxury cars.
Acura has been the top -
selling import luxury brand for eight years, but Germany's BMW is closing fast.
In just three short years Toyota's Lexus division has unseated Mercedes - Benz to become the most popular make of
imported luxury cars
sold in the United States.
Luxury car tax is generally payable when a car is
sold or
imported at the retail level.