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Chinese students major in luxury cars (news) Chinese students at the University of Iowa began coming into Carousel Motors in Iowa City about three years ago to get their Mercedes-Benz and Audi luxury cars serviced. Finally, general manager Pat Lind started asking if they’d ever considered his dealership when they made their original purchase. No, the students told him. Back in China, they’d been told to buy their wheels in Chicago before heading to college. So Lind began sponsoring the university’s Chinese student association, which sends information to incoming students in China before they arrive in the U.S. Sales to Chinese students doubled and now make up about 5 percent of the vehicles sold at the dealership, located about two miles from campus. “We became an advertiser,” Lind says, “and got our face in front of them.” The number of students from China enrolled in U.S. colleges and universities reached 235,597 during the past academic year, more than triple the 64,757 enrolled in 2002-03, according to the Institute of International Education. These students often come from families that are better off than the typical American college student’s, says Sid Krommenhoek, a founder of Zinch, a consulting firm owned by textbook rental company Chegg that works with prospective Chinese students. Shelling out $50,000 for a high-end car is viewed as an affordable status symbol compared with back home, where such cars can cost two to three times as much because of hefty import duties. Among Chinese student car buyers in the U.S. in the past two years, 32 percent paid cash (Photo: Clayton Cotterell … Zinch surveyed 25,000 Chinese students last year and found that 62 percent said they could afford to spend at least $40,000 each year on a college education. “Most schools are recruiting [Chinese] students for whom the difference between a $20,000 and a $40,000 education is a rounding error,” Krommenhoek says. “This is a very attractive demographic for foreign brands.” Chinese students in the U.S. purchased about $15.5 billion in new and used vehicles in 2012 and 2013 through October, according to Art Spinella, president of CNW Marketing Research. His figures, based on car sales, student and family visa data, and other factors, include Chinese students attending high school, undergraduate, and graduate institutions in the U.S. A comparable group of American students purchased $4.7 billion in vehicles, CNW estimates. The interest in autos among Chinese students in the U.S. shouldn’t be surprising. Teeming demand on the mainland has boosted global automakers’ profits in recent years. While China’s austerity measures slowed luxury sales somewhat in 2013, deliveries there of Volkswagen’s Audi—for many years China’s No. 1 luxury nameplate—increased this year through September by 23 percent, to 366,038. Only 114,411 Audis were sold in the U.S. during the same period. A little more than half the vehicles bought by Chinese students in the U.S. during the 22-month period CNW studied were new, with an average purchase price of $52,796; and 32 percent of buyers paid cash. Those buying used vehicles paid about $36,500, and 58 percent used cash. About 40 percent of their U.S. counterparts purchased new vehicles, with an average price of $19,472, CNW says. And fewer than 5 percent of those buyers paid cash. Lind’s Chinese student customers almost always pay with cash. “Many times they’ll come in here,” he says. “They’ll pick out the car and say, ‘OK, I’ve got to call my parents and tell them how much to wire over. I’ve only got $20,000 in my account and I need $50,000, so they’ll wire the difference.’ ” Some dealerships, such as Mercedes-Benz of Eugene, in Oregon, have hired Mandarin-speaking sales staff to deal with the rush of Chinese students craving luxe rides. Steve Shaheen, general manager of Okemos Auto Collection, a BMW and Mercedes dealer near Michigan State University in East Lansing, says he’s seen his sales to Chinese students rise to as much as 15 percent of his total business, from zero five years ago. Chris Perantoni, sales manager at Royal on the Eastside, an Audi and Volkswagen dealership near Indiana University at Bloomington, trumpeted in his advertising that the store had a salesman who spoke Mandarin and Cantonese—until the staffer’s visa expired and he had to leave. “Him being bilingual definitely helped,” says Perantoni, who estimates that as much as 10 percent of his annual sales are now to Chinese students. “We’d love to have him back.” Ralph Parshall, general manager at the Mercedes dealership in Eugene, says an influx of Chinese students over the past two years at the University of Oregon has boosted his annual sales by as much as 8 percent. Parshall began sponsoring several Chinese student activities, including dance parties put on by a student group called Pretty in China. In November the group took over a nightclub in Eugene for Asian Night, a party that included a special VIP entrance where guests took pictures on a red carpet in front of a Mercedes logo backdrop. Pretty in China’s online videos show young people arriving at previous events in exotic sports cars such as an Audi R8 and a Mercedes SLS with gull-wing doors, and posing in front of a BMW. Hao He, 22, an Oregon sophomore from Guangzhou who says he paid cash for his black BMW 335i, is part of a campus group called the International Student Auto Club. The group has about 30 members, mostly from China. One student has a Lamborghini, though most prefer BMWs, He says. While members throw barbecues and help new students navigate the car-buying process, their favorite thing to do is gather in parking lots with their rides. “We don’t show off—we just park someplace and talk to each other about how to modify your car,” He says. Club member Yang tries out a friend's Audi (Photo: Clayton Cotterell | Bloomberg Businessweek) Oregon senior Calvin Yang, 24, another club member from Guangzhou, says many Chinese students arrive expecting to buy just basic transportation but soon learn they can afford much more. “After they know the price, they’re sure they want to buy a car,” he says. “I’ve seen some students—they’ve bought a car three days after they arrived in the U.S.” Some can’t seem to stop buying. Iowa City’s Lind says one Chinese student recently came to him to purchase a Mercedes-Benz CLA, a sedan that begins at $29,900. The student then took a road trip to Chicago, where he traded the car in for an Acura RDX, which starts at $34,520, only to return to Lind’s dealership to swap that for another Mercedes, which he drove for 400 miles before switching it for a Lexus IS250, which begins at $35,950. “He finally said, ‘Oh, I just like trying different things,’ ” the dealer says. “We’re four cars behind as far as getting titles and licensing.” |
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This article demonstrates that the inequities of the Chinese Wealthy is following the same path, that the Wealthy of Japan and Americans Followed during their hey day as the Money Nation. The world has not yet factored what it means for a $30 Billion a Month Trade Imbalance provides to China on a Monthly Basis, just from the US, and this has existed for years... ( its called the transfer of wealth from one nation to the another - in the 21st Century). see comment 1/8/2014 7:02 am on blog: China eases onechild policy, abolishes labour camps * American Students had their hey day During the 1920' then from the 1940's,1950's-1960's, the US students stomped around the world in foreign nation flaunting the wealth of the American Industrialist era, * The 1970's belonged to the Arabs' who did the same, * The 1980's belonged to the Japanese who did the same.
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the unfortunate aspect of this, is something, they take the knowledge back to their homeland and use it "against" American and also how to 'circumvent and abuse man of our systems of due to American's liberal nature'. We saw that happen both with Japan and we saw that happen with Arabs during their cycle of being $capital$ centers. America has to become more careful.... because it is for sure some of the foreign students that come are sponsored by their government as agents or slated to become agents of their own countries Intelligence gathering apparatus. The Japenase use to come and "photograph everything", and they went back home and became the dominant 'reproduction artist" then they used that to 'target many American companies" by undercutting them on pricing and using cheap labor and inaccuracies in reporting, while they then began flooding our markets with their goods... It caused great havoc in the American Industrial System. This was very evident in the first era of the tech age, when they infringed on the chip, and then flooded the market with chips and damaged the American Chip industry. It took decades to fight them over patent infringements, by that time, it was a great disaster that hit the American chip makers markets. Sharing knowledge is fine, but when it used against the one doing the sharing... then it becomes a problem in many ways.
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Frankly, the wealth disparity is quite significant in the west too. There's many a person getting round in high end vehicles and driving past ghosts on the street, squatters in the drains etc. I also see a great lack of caring about it too. I do agree ..... I certainly write about the materialistic and egotistical mentality of people quite often..... and these points of reference are certainly within those caption. Wealth Disparity is horrendous in the West. We have Executives making more in one day, than the manager of the front street company name stores make in one year. Then they want to deny a living and functional minimum wage to employees, by using lobbyist to fight against any minimum wage increase. We are as people, (some and many of us) are hoodwinked frequently by the wealthy via the media and paid propaganda to even support and rally for this disparity. ( read some of the comments on Yahoo, of the many who support and even rally to promote the high salaries of non performing executives)... I frequently write on Yahoo articles, and the volume of people who have concept hopes of being one of those executives, support this income disparity to no end. They believe in capitalism as the ultimate, and support many plutocratic agenda items.
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The first wave of Japanese companies gave executives jobs to some american, but that was more as a way to gain more inroads, once those inroads were gained by using those American's to build the connections.. then they slowly phased out the American executives.. but this was done only after they had established Japanese Product compines prominently in the U.S. They took over the Appliance Industry by this methodology, and then they took over the Auto Industry by this method... We turned around and did the same thing with the S. Korean and allowed them do what the Japanese did, and now we are still so unaware, that we allow China to do the same.. this time, China is adding another element, it is now buying up vast areas of Industrial Real Estate in the area that America once had big industry. They already have saturated the personal use product markets with Chinese made goods of every type. But as long as we have ignorant Ivy League Train Goons heading anything in America, this process will continue, and next it may even move to many other countries that do the same. America is viewed now as nothing more than a giant sized "Department Store" for foreign companies to place their goods, as if like putting them on a shelf or purchasing select advertising and promotional space. All the while Americans are so hung up on Facebook, twitter, and any kind of social media and texting at a rate till they can't think or do anything but walk around with the gadgets stuck in their hand as if it is a security blanket of a bewildered child. Every three months Apple Computers shows how foolish we have become, by pushing off another phone with a fancy painted case, and American run out and stand in line to buy it.... We have become nothing but delusional consumers.... and many are too unaware to even know it. Its why now, many of the nation like China and other who have amassed money, look at Americans as self blinded idiots by their own ego... China is not going to let you come there and buy property to own and do anything, unless China stays in control of it. The same with many countries, but Too many American are living with a Post World war II delusional mentality. it's the same thing with how some of the guys complain about scammer, well what do they expect, when for decades an image was promoted of the wealthy Westerner who would easily go blind and mindlessly overboard and think he was king of something, and chased the foreign women as if they were some exotic novelty toy he could attract with money. Now, many of these women are basically seeing which ones will waste their money to go to crazy sites these women send them links to, and some are quick to tell the men,.. "Go to hell" if you don't have money, title and status, .... some are not interested in some of these guys fantasy about love, they want to know, what is your financial position and what can you provide and how quick can you start providing it. It's such a trip, and we can only imagine the wealthy Chinese men are equally so bombarded with a endless line of young pretty faced women who are telling him that she can be made available if they strike the agreement that suits her. So, what happens is established married relations in China face many challenges by the massive volume of young Chinese women out to connect with these older married men who have acquired or amassed some level of financial levels. So... with people... its problems all across the board, as with nations... China wants to keep the exports flowing, and other countries are trying to find out now how to get back industry, but still are caught in a circle because the flood of foreign goods continue to bury their attempts. some of the women, these men get and bring to their country, if you are not providing the image of community they have seen on the media and providing means to shop and have luxury goods, and various things, then they are not interested in staying in that situation and what some men find, is they find their way to leave the situation money influences people all over the world and the cycles continue. to be flaunted by whom ever from where ever, if they have the money to flaunt and buy the luxury stuff being sold.
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Why isn't there a similar article here on "Occupy Wall Street", its failure to institute a fundamental change in the US, or the general economic downgrade of the middle class in the US? Or, on the positive side, the extraordinary high-speed train network in Ch and the quick reaction of the Ch Gov't in responding to national disasters? Instead of waiting / expecting others to bring them up for discussion, you are always welcome to share those articles here, and ask for others' opinion.
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"I've already addressed some of the western excess, and they are certainly open forum to expound upon. and these post depict there is no slingle focus vilification of China, because my post equally so point to the US as well as other nations in this 'economic excess quandary". First I discussed, that the actions of the wealth Chinese is no different than that of the other groups who have come into wealth: * American Students had their hey day During the 1920' then from the 1940's,1950's-1960's, the US students stomped around the world in foreign nation flaunting the wealth of the American Industrialist era, * The 1970's belonged to the Arabs' who did the same, * The 1980's belonged to the Japanese who did the same. ___________________ Secondly: But as long as we have ignorant Ivy League Train Goons heading anything in America, this process will continue, and next it may even move to many other countries that do the same. America is viewed now as nothing more than a giant sized "Department Store" for foreign companies to place their goods, as if like putting them on a shelf or purchasing select advertising and promotional space. All the while Americans are so hung up on Facebook, twitter, and any kind of social media and texting at a rate till they can't think or do anything but walk around with the gadgets stuck in their hand as if it is a security blanket of a bewildered child. Every three months Apple Computers shows how foolish we have become, by pushing off another phone with a fancy painted case, and American run out and stand in line to buy it.... We have become nothing but delusional consumers.... and many are too unaware to even know it. Its why now, many of the nation like China and other who have amassed money, look at Americans as self blinded idiots by their own ego... ________________________ Third: it's the same thing with how some of the guys complain about scammer, well what do they expect, when for decades an image was promoted of the wealthy Westerner who would easily go blind and mindlessly overboard and think he was king of something, and chased the foreign women as if they were some exotic novelty toy he could attract with money. _______________ Fourth Wealth Disparity is horrendous in the West. We have Executives making more in one day, than the manager of the front street company name stores make in one year. Then they want to deny a living and functional minimum wage to employees, by using lobbyist to fight against any minimum wage increase. We are as people, (some and many of us) are hoodwinked frequently by the wealthy via the media and paid propaganda to even support and rally for this disparity. ( read some of the comments on Yahoo, of the many who support and even rally to promote the high salaries of non performing executives)... I frequently write on Yahoo articles, and the volume of people who have concept hopes of being one of those executives, support this income disparity to no end. They believe in capitalism as the ultimate, and support many plutocratic agenda items.
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I have addressed these issues, directly or indirectly, in my blog-space or comments, but since the replies have usually been less than enlightening, I've channeled my efforts to more professional forums (like WSJ or The Economist) where the interaction is closer to my satisfaction. In my recent posts, besides the quote from Matthew, I have focused on humor and poetry, so have my comments on others' blogs. Have stayed away from trash/gossip blogs like yellow/white trash, A Women vs C Women, etc.; find them to be petty and foolish. Actually, you have not. You were actively involved in some of the previously controversial subjects and (what I consider as minor) personal conflicts the women engaged previously. Then afterwards you began to post about music and poetry. which is quite fine, as you said: since the replies have usually been less than enlightening, I've channeled my efforts to more professional forums (like WSJ or The Economist) where the interaction is closer to my satisfaction Respectfully so, everyone is free to change what they do... But it is odd that after the change with such immediacy, you critique the others in their choices of addressing controversial subject materials. Maybe they to will find their own points of changes in what they engage and how they engage it. This is for beyond: Would you prefer a southern hillbilly (or a Ivy dropout like Cheney - scary!; also, that big loser GWB would never have been accepted into Yale & Harvard if not for his father, for whom I do respect) instead of the Ivy League Goons to lead the US? Most of the GOP politicians are NOT their graduates, neither are the CEOs of major banks on WS (JPM, BAC or Citi). Also, can you think of a better candidate than H Clinton to lead the US after BO finishes his term? And what's wrong w/ JFK? Kindly advise of your usually unbiased opinions. I never said I was not biased, but what I do include in how I write is some comparative variables of the West, when I discuss things of China, I equally so include some of the positives of what the China system has achieved, as well as I've also discussed some of the benefits of what a centralized government under communist control can achieve in comparison to the limited recent achievements of the democracy process in the US... as it relates to infrastructure developments.. I equally so, at only point discussed what is 'functional corruptions"... when I addressed the fact that China has in spite of corruptions created some amazing infrastructure developments and industrial growth components. Re: Cheney and Hillbilly... in some respect they have similar characteristic, therefore I'd choose neither. We may share a similar thought about the GWB results and the possibility of him not attending these schools, but my point to that is. There would be many who would not be in those schools if it was not for power, money and connections. Some who result to get positions from these schools , in my view they are not morally and character composed to deserve in a manner which respects all Americans and our Foreign Partners to have the position or influence they have. currently, I can['t think of anyone better than Hillary, but at this point of the current Administration having three more years, I certainly don't know who might rise up or fall down between now and then. But I can say with my personal viewpoint, I certainly don't see Rand Paul, Paul Ryan, Eric Cantor or Chris Christie, Ted Cruz and definably not Bobby Jindal. I don't recall saying anything was wrong with JFK... I respected his ideas not to escalate war in S.E. Asian, His position on Civil Rights, His position on not allowing the Military Complex of Weapon Industry to control our fate or promote our involvement in war stimulating activity, I understand his aim to splinter the CIA and streamline foreign meddling, by making his Generals who are accountable to him, as the arm of intelligence gathering. I wrote an interactive thing on Yahoo, with a participant who engaged topics, we agreed on some things, but we did not agree on what is American's core position as relation to its citizens and business. and what is the Civic responsibility of the people, as well what is the Civic responsibility of the government. My stance was that regulatory government is a must, and without it, we just as well dispense with trying to be a system. The other contributor wanted less government and free markets to rule. My stand on that, is first define the word "free"... I stated, the core definition as being "responsibility"... which sums to "responsible markets"... over the word "free markets".. responsible markets indicate an adherence to regulatory compliance,via regulatory guidelines. Also, the other writer seem to get hung up on the word, Socialism... when fact is, every governance system is a form of social civil programming, which could be term as socialism because it is a form of social.. ism... ( ism) as a suffix generally means, and ideology. We have in American, a Democratic Socialism, which function as one man one vote and majority rule... but Capitalism, buys away the voice via lobbyist, and thus pushes us closer to a plutocracy.... than to adhere to the policy of democratic process. It's blogs... they take on many variable of commentary, they are not books nor designed to real like a book. these in this form certainly will not change any national policies... or economic systems, its just people interacting upon and about subject factors.
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I have addressed these issues, directly or indirectly, in my blog-space or comments, but since the replies have usually been less than enlightening, I've channeled my efforts to more professional forums (like WSJ or The Economist) where the interaction is closer to my satisfaction. In my recent posts, besides the quote from Matthew, I have focused on humor and poetry, so have my comments on others' blogs. Have stayed away from trash/gossip blogs like yellow/white trash, A Women vs C Women, etc.; find them to be petty and foolish. Actually, you have not. You were actively involved in some of the previously controversial subjects and (what I consider as minor) personal conflicts the women engaged previously. Then afterwards you began to post about music and poetry. which is quite fine, as you said: since the replies have usually been less than enlightening, I've channeled my efforts to more professional forums (like WSJ or The Economist) where the interaction is closer to my satisfaction Respectfully so, everyone is free to change what they do... But it is odd that after the change with such immediacy, you critique the others in their choices of addressing controversial subject materials. Maybe they to will find their own points of changes in what they engage and how they engage it. This is for beyond: Would you prefer a southern hillbilly (or a Ivy dropout like Cheney - scary!; also, that big loser GWB would never have been accepted into Yale & Harvard if not for his father, for whom I do respect) instead of the Ivy League Goons to lead the US? Most of the GOP politicians are NOT their graduates, neither are the CEOs of major banks on WS (JPM, BAC or Citi). Also, can you think of a better candidate than H Clinton to lead the US after BO finishes his term? And what's wrong w/ JFK? Kindly advise of your usually unbiased opinions. I never said I was not biased, but what I do include in how I write is some comparative variables of the West, when I discuss things of China, I equally so include some of the positives of what the China system has achieved, as well as I've also discussed some of the benefits of what a centralized government under communist control can achieve in comparison to the limited recent achievements of the democracy process in the US... as it relates to infrastructure developments.. I equally so, at only point discussed what is 'functional corruptions"... when I addressed the fact that China has in spite of corruptions created some amazing infrastructure developments and industrial growth components. Re: Cheney and Hillbilly... in some respect they have similar characteristic, therefore I'd choose neither. We may share a similar thought about the GWB results and the possibility of him not attending these schools, but my point to that is. There would be many who would not be in those schools if it was not for power, money and connections. Some who result to get positions from these schools , in my view they are not morally and character composed to deserve in a manner which respects all Americans and our Foreign Partners to have the position or influence they have. currently, I can['t think of anyone better than Hillary, but at this point of the current Administration having three more years, I certainly don't know who might rise up or fall down between now and then. But I can say with my personal viewpoint, I certainly don't see Rand Paul, Paul Ryan, Eric Cantor or Chris Christie, Ted Cruz and definably not Bobby Jindal. I don't recall saying anything was wrong with JFK... I respected his ideas not to escalate war in S.E. Asian, His position on Civil Rights, His position on not allowing the Military Complex of Weapon Industry to control our fate or promote our involvement in war stimulating activity, I understand his aim to splinter the CIA and streamline foreign meddling, by making his Generals who are accountable to him, as the arm of intelligence gathering. I wrote an interactive thing on Yahoo, with a participant who engaged topics, we agreed on some things, but we did not agree on what is American's core position as relation to its citizens and business. and what is the Civic responsibility of the people, as well what is the Civic responsibility of the government. My stance was that regulatory government is a must, and without it, we just as well dispense with trying to be a system. The other contributor wanted less government and free markets to rule. My stand on that, is first define the word "free"... I stated, the core definition as being "responsibility"... which sums to "responsible markets"... over the word "free markets".. responsible markets indicate an adherence to regulatory compliance,via regulatory guidelines. Also, the other writer seem to get hung up on the word, Socialism... when fact is, every governance system is a form of social civil programming, which could be term as socialism because it is a form of social.. ism... ( ism) as a suffix generally means, an ideology. We have in American, a Democratic Socialism, which function as one man one vote and majority rule... but Capitalism, buys away the voice via lobbyist, and thus pushes us closer to a plutocracy.... than to adhere to the policy of democratic process. It's blogs... they take on many variable of commentary, they are not books nor designed to read like a book. these comments in this form certainly will not change any national policies... or economic systems, its just people interacting upon and about subject factors.
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It doesn't mean Chinese next generations are hopeless since there are so many ambitious students studying very hard , who might not afford luxury cars . They are the real hope of China . I can agree with that, because these overly privileged kids, don't know the core values of the masses who work hard on a daily basis doing jobs these privileged kids would assume is beneath them, Therefore the same as in American, it is a big problem with these overly privileged are given position to make policy for the masses, it turns into a disaster. America has the same problem... rich kids who have lived with trust fund and parents who cover everything, they have a somewhat often time negative view of the masses who struggle from paycheck to paycheck. The sad thing is money buys access to power and with that access people acquire more money and then gain more power, This has never been a good scenario for the mass of the public, because these power brokers, care mostly about retaining their power at any cost and expense and that include the lives of the masses.
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