Car distributor Inchcape expects vehicle sales to continue rising in the second half of the year on the back of the economic recovery, with faster growth in the luxury end of the market.
For the year to July, the number of vehicles sold by Inchcape in Hong Kong rose by about 10 per cent over the same period last year, said Wilson Mok, chief executive of Inchcape subsidiary Mazda Motors (Hong Kong).
'We believe [sales] will continue to grow especially in the luxury car segment,' Mr Mok said.
Economic recovery and the weak euro would make European luxury cars more attractive compared to Japanese models which were becoming relatively more expensive due to the strong yen.
As a result, European cars should make up about 30 per cent of sales this year compared to about 20 per cent in previous years, Mr Mok said.
'Because of the number of cars and different varieties that we have, I think we should be doing better than the market,' said Inchcape Greater China chairman Raymond Ch'ien.
