Is China responsible for the scarcity of SS Sport models?

[cloudplay]

Originally Posted by dtwer

The real per capita household disposable income across China averages at 21,586.95 yuan. That is roughly $3,200 USD; the amount the entire family has to rely on for things they need and want for an entire year.

I highly doubt splurging on Rolexes is high on their household budget.

It's clearly not the Chinese "middle class" buying Pateks or driving Bentleys (on credit or not) as some earlier posts suggested.

A more relevant number may be the number of new millionaires (net worth, in USD), which is estimated to be ~1000/day in China over the next 5 years. That's a lot of potential Rolex customers. Why are they buying SS professional models? Seems FOMO works the same in China as for many here on TRF.

[Wahlberg]

Originally Posted by cloudplay

A more relevant number may be the number of new millionaires (net worth, in USD), which is estimated to be ~1000/day in China over the next 5 years

1000 a day? Where do I sign up exactly?


The people becoming millionaires, does their worth keep growing at that rate? So it's not just someone who has 1-2 million and that's it. But will he be making 500k-1 million a year and ending up with a net worth of +20 million?

[Sandpit]

Originally Posted by SeaDweller50

That’s because they’ve switched on to the fact that they are one of the most unreliable cars on the road today. Toyota and Suzuki being the most reliable.

Yeah - I’m not having that for a second. No Suzuki or Toyota gets close to a Range Rover (forget the Evoque). You’re telling me somebody that can put $100k plus down on a new 4x4 is going to go for a landcruiser or Prado instead?

Incidentally JLR sales in the US are up 21% in the year.

[mml4]

Originally Posted by Chester01

Clearly as other countries industrialize demand will go up, and the number of folks meeting criteria for millionaire status has grown exponentionally. As far as supply, rolex can increase supply but is supply the real issue? Seems to be I can go to any number of friendly neighborhood gray dealers and get exactly what i want. So this points to an issue with the model of how AD’s manage their stock. Rolex has to balance the appearance of exclusivity (though not really if one has the means) without over supply. Given the stock of rolexes that gray dealers have, a case can be made that there are plenty floating around. Though we hear about these waiting lists, the forum here is full of posts with happy folks receiving their gmt and Daytona’s. The appearance of exclusivity one can say is part of the appeal.

Precisely!

[Jason71]

One thing that I believe people tend to skim over is the sheer number of people in China and India. Each country has a population of around 1.4 billion people. With a combined population of nearly 3 billion people, this can create demand. This is the part that I think people fail to realize......but this should help to put it into perspective......