Rolls-Royce Motor Cars may not see an increase in global sales this year because of the meltdown in China, says its CEO, Torsten Muller–Otvos.
“China was exploding so it really great for two years, it was our second biggest market,” Muller-Otvos said in an interview.
The losses in China “may be compensated in some markets but not in all of them,” he said. “We are still highly successful and I would not push any cars into other markets.”
The Middle East has taken China’s place as the No. 2 market for the British luxury brand where Rolls-Royce has seen “tremendous growth,” he said.
The U.S. continues to be the biggest global market for Rolls-Royce.
Last year, Rolls-Royce sold 4,063 cars worldwide and the U.S. accounted for about 25 percent of those sales, Muller-Otvos said.
“We want to be globally balanced and we are not putting our eggs into one basket.”