Rich Chinese are the key focus of luxury car show in Vancouver
Vancouver is a city where the rich like to flaunt their wealth with expensive cars, and many of those extremely wealthy are now ethnic Chinese.
Vancouver is a city where the rich like to flaunt their wealth with expensive cars, and many of those extremely wealthy are now ethnic Chinese.
Among them were brands such as Ferrari, Lamborghini, Porsche and Maserati, and a red convertible valued at almost C$6 million (HK$42.7 million).
Show director Craig Stowe said Vancouver had more luxury cars per capita than any other market in North America.
"It's a beautiful, small city, with great roads and a lot of wealth. And with wealth comes appreciation of super cars and the more super cars you get on the road, the more super cars are bought," he said.
"For those who own a super car, it says you've arrived. It's a statement where you're expressing to people that you can afford to buy the very, very best."
The luxury car industry has expanded rapidly in Vancouver, coinciding with the rush of Chinese millionaires to the city. About 37,000 rich migrants moved to British Columbia from 2005 to 2012 under an immigrant investor programme, 66 per cent Chinese.