First, now that the Intrerest Rate is lower, people are saving money more crazily. In the first half of this year, there was an additional 17.94 trillion deposited in banks. Household deposits, which are closely related to us, also increased by 10.77 trillion in the first half of the year. What does this mean? In 2019, the total increase in household deposits for the entire year was 9.7 trillion, which is equivalent to what we saved in just half a year.

It is worth noting that the current deposit 利率 in banks is not high, and it is not easy to find products that exceed 2%, while the savings rate is unimaginably low. Many people lament that with such low bank 利率, there shouldn't be many people saving money. But unexpectedly, the lower the 利率, the crazier the saving becomes. This indicates that more and more people are beginning to develop the habit of saving.
Second, imported luxury cars are no longer popular, while domestic luxury cars are going wild. In the first half of this year, Porsche's sales in the Chinese market dropped by 28%, selling only 21,000 cars. BMW fell by 15.5% in the first half, and Mercedes-Benz saw a 19% drop in the second quarter. Just a few days ago, it was reported that Maserati's sales were directly below 400,000, and even so, only a few hundred units were sold.
Many people say that everyone's purchasing power has weakened, but that's not true; instead, consumption has shifted. On the other side, models like the Wenjie M9\M8, NIO ES8\ET9, Li Auto L9\MEGA, and Xiaomi have all seen substantial growth. It's important to note that the pricing of these cars is not lower than that of imports. Clearly, people's definition of luxury cars has changed, and they have demystified the imported ones.
Third, the trick of raising prices for luxury goods no longer works. In previous years, as long as luxury goods didn't sell well, they would immediately announce a price increase, which would bring a wave of customers.