A Lamborghini Huracan Performante at the Shanghai auto show. A Lamborghini typically costs more than twice as much in China as it does in Canada, helping spur a massive grey market for such luxury vehicles. Photo: Simon Song
Chinese cash fuels vast luxury car money-laundering scheme in Canada, involving thousands of fake buyers
- Report finds explosion in Canadian grey market worth US$410 million last year
- More than 4,000 fake buyers help China’s wealthy dodge sales taxes
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China Society
A Lamborghini Huracan Performante at the Shanghai auto show. A Lamborghini typically costs more than twice as much in China as it does in Canada, helping spur a massive grey market for such luxury vehicles. Photo: Simon Song