Nobody downloaded yet

Luxury Vehicles Are Exported To China - Research Paper Example

Comments (0) Cite this document
The price differences for luxury cars between the US and China has led to many individuals buying these luxury cars from auto dealers in the USA and then shipping them to China for a very big profit. This business by US citizens has however been seen as a criminal activity and…
Download full paperFile format: .doc, available for editing
GRAB THE BEST PAPER95.9% of users find it useful
Luxury Vehicles Are Exported To China
Read TextPreview

Extract of sample "Luxury Vehicles Are Exported To China"

Download file to see previous pages This controversial business opportunity has been caused by the fact that the same luxury cars are sold at very different prices in China where customers in china can only get the same cars with almost three times the prices in USA. For instance, as Grossman (para 1) says, a BMW X5xDrvive35i is sold by BMW at an average of $56,025 in USA and the same car sells at $153,176 in China. These big differences in price between the two countries mean that individuals and even companies in the USA can buy a car and ship it to China, sell it at slightly lower price than the amount BMW is selling it in China and make a huge profit of over a hundred percent of what it costs them to buy and ship the car to China. The government has cramped down on this business, in most cases freezing the bank accounts of the people associated with these business. The fact that the buyers involved in this business are not breaking any laws but only taking advantage of a market loophole means that there is nothing that is not legal in what they are doing. Cramping on them and freezing their bank accounts is something that is against the constitution of the United States that gives every citizen maximum liberty.
There are firms which have been set up to buy cars from the US Auto dealers and then shipping them from the US to China. To avoid suspicion, the companies train people to be buying the cars for them and them handing over the car to them. An individual is hired and recruited on how to buy the cars from the dealers. As Goldstein (para 28) reports, these recruits are trained so that they can buy the cars on behalf of these firms without raising suspicion. The buyers then walk into a dealership and buy the car they have been instructed to buy, go home with it and stay with it for some time. The person gets paid a few hundred dollars and the company takes the car from them so that they can ship it to the target market. These buyers who act as agents of these ...Download file to see next pagesRead More
Cite this document
  • APA
  • MLA
(“Luxury Vehicles Are Exported To China Research Paper”, n.d.)
Luxury Vehicles Are Exported To China Research Paper. Retrieved from
(Luxury Vehicles Are Exported To China Research Paper)
Luxury Vehicles Are Exported To China Research Paper.
“Luxury Vehicles Are Exported To China Research Paper”, n.d.
  • Cited: 0 times
Comments (0)
Click to create a comment or rate a document

CHECK THESE SAMPLES OF Luxury Vehicles Are Exported To China

Air pollution of vehicles

...? Two Non-pollutant Technologies to Prevent Air-Pollution of Vehicles: Hybrid-Electric Vehicles and Hydrogen Vehicles s Tutor’s Name Date Two Non-pollutant Technologies to Prevent Air-Pollution of Vehicles: Hybrid-Electric Vehicles and Hydrogen Vehicles Introduction During these days air pollution due to harmful vehicle-exhaust emission is one of the occupying concerns of modern man. Indeed exhaust-emission is “generated by the fuel-air mixture burning in internal combustion engines, both gasoline-powered and diesel-powered” (US Department of Energy). Also the Emissions often contain evaporated fuel produced within “the vehicle when it is stopped, and again during fueling” (US Department of Energy). Though vehicle-exhaust harmful... ...
6 Pages(1500 words)Essay

Luxury Marketing-

...after Qatar and Macau (China). According to the reports of the International Labour Organization a quarter of the population is estimated to be 4.8 million and is categorised under non-working age who are dependent either on their family members or on support from the government3. 1.3 Social and Cultural After Abu Dhabi started to export oil, the society of the country also started to transform. Emiratis are traditionally conservative but UAE is considered to one of the most liberal countries in the Gulf. Other believes and cultures are tolerated especially in Dubai4. 1.4 Technology UAE has spent about $5 billion (Dh 18.36 billion) as an investment towards technological upgradation. The main aim behind...
5 Pages(1250 words)Essay

Electric Vehicles

...a finite amount of these fuels available to humans. Such finite supplies necessitate current technology and development to be concentric upon finding alternate means of locomotion that service the needs of current and future human populations. One of the most relevant alternatives that currently exists within the field of transportation science is of course the prospect of the electric vehicle. Although the technology to produce such vehicles dates back to prior to the Second World War, it is only recently that the forces of environmental preservation, global warming, and the rising cost and ultimate limitations to fossil fuels have brought this technology to the forefront yet again. Yet although...
5 Pages(1250 words)Term Paper

Luxury Consumption in China

...?\ Luxury Consumption in China Chapter Introduction to the Topic Background Since the emergence of different marketing mediums, the trends towards buying luxury branded goods has increased dramatically across the globe. It has been estimated that the sells of luxury branded goods on global stage has increased by more than $ 300 billion a year. Though, the luxury goods manufacturing industry is operating in a favorable environment, there are numerous challenges that are still causing lapses in the development of this industry. These challenges might include globalization of industries, intense competition; majority of the luxury markets...
18 Pages(4500 words)Literature review

Environmental Friendly Vehicles

.... This design of an electric tricycle vehicle was powered by lead-acid battery therefore the vehicles driver did not necessarily need peddling for its movement. The maximum speed it could attain was 24 kilometers per hour. It never became popular to the media or the market and ended up selling only about 12000 units at 399 each. Development of Sinclair C5 The invention of Sinclair C5 started with a teenage dream of Clive Sinclair. His idea went on over decades without being implemented. It was in 1970 that this idea started as a project by Sinclair Radionics; however the project stalled when the company shifted to other business. It is until 1979 that the project was again started, there were changes in...
13 Pages(3250 words)Essay

Alternative Fuel Vehicles

...Ever since the birth of first commercially available vehicle in 1886 (Benz Motorwagen), life style of man has been revolutionized. Distances have virtually reduced as travelling has become easier, faster and more comfortable. Today, the total number of passenger cars running on the roads amounts to 590 million, thanks to the technological advances in the fields of automotive engineering and fuel and combustion technology (World Mapper). Initially obtained as a by-product in the production of kerosene, gasoline found its commercial use as a fuel in these transport vehicles (Bellis). Later, with the invention of compression ignition engine (commonly called Diesel Engine), light fuel oil, obtained from...
4 Pages(1000 words)Essay

Luxury goods in China

...are love to gift luxury items to their relatives and friends. Therefore discussion had been sifted towards the gifted items. In accordance to the review of the literature most of the interviewees should have received gifts. Now it has to be checked whether they get luxury products as gift or not. Thus buying behaviour of China can also be understood, whether to gift someone is another purpose of buying of luxury brands or not. Names of many of the brands and gift items have been revealed. The nature of the gifts uses to change with the changing age. The kind of gifts the teenagers use to get is somewhere different from the young ladies. The basic reason behind it is...
16 Pages(4000 words)Essay

Eco luxury

... ID Number & Eco Luxury Fashion 2 According to Matthews, “fabric is not the only partof fashion that can be sustainable. The longevity of your finished garmet is also important” (119). For this reason, Frida Giannini – the creative director of Gucci revealed that sustainable fashion means “quality items that stand the test of time... a timeless handbag that you wear again and again, and can pass on” (Friedman). On the other hand, Oscar de la Renta explained that “sustainable fashion implies a commitment to the traditional techniques, and not just the art, of making clothes” (Gould-Simon). Since it requires a special skill and talent to be able to create clothing that can be use and re-use for decades, our future fashion designers... within...
9 Pages(2250 words)Essay

SWAT Weapons and Vehicles

...SWAT Weapons and Vehicles al Affiliation One of the special units of a Police Department is the SWAT team. SWAT stands for Special Weapons and Tactics. Since the first SWAT team of LAPD was formed, many more police and security departments in the states formed similar teams, to counter crime that exceeded traditional enforcement units. What is interesting is the SWAT team’s use of advanced weapons and the way they move efficiently to contain a situation, yet they are not armed soldiers. SWAT teams use specific kinds of weapons that regular frontline officers do not use. They include the less lethal, and lethal automatic and semiautomatic weapons, which are used depending with the threat or crime incidences. They are...
5 Pages(1250 words)Research Paper

Taking municipal vehicles home

...The Taking municipal vehicles home Take-Home Vehicle As Well As Its Overview The issue at hand involves unlawful act of municipal employees of defying the set guidelines that are enacted by the city officials pertaining to use of municipal vehicles. Various municipal council workers have been abusing the opportunity of driving vehicles that belong to their municipality. Municipality’s employees may be privileged to drive municipal vehicles in order to ease their working schedule. Some of these employees drive these vehicles while drunkard, conduct their personal businesses, and even use them beyond the traditionally working time....
5 Pages(1250 words)Research Paper
sponsored ads
We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.

Let us find you another Research Paper on topic Luxury Vehicles Are Exported To China for FREE!

Contact Us