It’s tough being rich. While your average Joe Qingdao-sixpack is concerned with today’s news that sales of new homes in Shenzhen have plummeted 48.8% from one year ago, there’s more worrying news for those with the money for the finer things in life.

Ferrari’s sales company has abruptly terminated sales and cooperative agreements with two dealerships, one of which is in Dongguan, reports Beijing Business Today.

Furthermore, other reports say Ferrari-Maserati China has broken similar agreements with two other Chinese dealerships, leading some analysts to speculate the company is looking to reduce its Chinese sales and marketing operations.

Photos: Gold Lamborghini Spotted in Guangzhou

A general malaise has hit China’s luxury car market with Bentley, Ferrari and Lamborghini all reporting sales slumps. Autonews reports Lamborghini sales in China fell 16.7% in 2013, while those of Ferrari fell by 33%.

The hard times of the Chinese luxury car market can be mostly attributed to recent austerity and anti-corruption measures. However, for the rest of us, the fewer luxury sports car dealerships that remain in the PRD will mean there be fewer sightings of this:

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 Related:

• Lamborghini Roasted After Illegal Drag Race in Shenzhen
• Extremely rare chrome green Lamborghini spotted in Shenzhen
• Shenzhen Home to 50 of China’s Billionaires

Photos: Weibo, 16888