"They postponed their purchases. "Behaviour is much more linked to personal situations, how their wealth is developing, rather than market trends. "After a year with less consumption, "there is quite some money around to be spent," Rolls-Royce chief executive Torsten Muller-Otvos tells AFP.Nevertheless, the BMW subsidiary's boss also sees the aftereffects of the pandemic in people's buying patterns. "Quite a lot of our clients said that Covid taught them that life can end easily tomorrow and now is time to enjoy your life. "It's the world's top region for wealth building, and cars are still a very potent mark of status," Crunelle says.Munoz predicts that "with more and more millionaires and billionaires (in China) each year, the trend is likely to continue".

Source: Economic Times May 30, 2021 11:03 UTC