Booming Luxury Car Market in China

" And welcome back everybody to Fox Business morning and to our inaugural British failings global opportunities report today it was going to take a look at how auto sales -- performing in the world's largest emerging market China. With Ken Dunham fell out of China or the logistics and can joins us this morning from New York studio can thank you for. For talking -- today I guess we should start with explain exactly what -- company does."

" Well China auto logistics. Started life has said a and Porter. And sell our luxury vehicles and China. It as one of largest independent sellers of imported course we are now. And reaching that position to get there. It developed what is the number one website in China war. In fact the only -- cite China for imported course. And -- attached to the selling process. A number of services which help. The dealers. -- imported -- in China. Get their sales so accomplished. Along the way it realized that the most profitable aspect of it's business. Is. And via web sites and services. And made decisions TC decision. To shift the focus of the company from sales to have and quarter of course -- TV services and website area. And is now. Moving rapidly into the domestic area -- its web sites and when its services."

" And can you know I'm thinking luxury consulate -- about Mercedes BMW -- perhaps what kind of to mom's been -- for those types of vehicles in China."

" The demand is enormous. This year. Demand for domestic cars smaller cars has been stimulated by the government. Nevertheless. The demand for luxury cars just continue to work and grow and I think the last I'm right so is about 25%. Down year over year pace. That's in units. The number and how revenues is actually higher than that."

" That's really remarkable very quickly can we got like thirty seconds how much is the Chinese Government helped. The domestic markets and certainly for car imports with there economic stimulus plans."

" Well it's it's helped out quite dramatically in numbers are or are really going through the roof. Sales of autos Europe. Passenger autos are up by 90%. And last month. Which is quite dramatic number and a year to date there were 34%. And the government incentive has been they -- them. The underlying demand of course though recognizing that China only 25000. People. On cars million to 600 to 900 whatever. Number one accused. In the US. They still have a lot of course itself."

" Yet the potential is truly remarkable we're out of time I'm thank you so much Ken Dunham felt with China although logistics thank you very much for joining us this morning to talk about the company and a the massive -- potential of further car market."