The market for luxury goods of all kinds is absolutely booming in China, and luxury cars are no exception. Volkswagen's (NASDAQOTH:VWAGY) Audi brand is king of the hill right now, but nearly all of the global automakers -- including Ford (NYSE:F) and General Motors (NYSE:GM) -- are rushing to grab a piece of this very profitable pie.

In this video, Fool contributor John Rosevear looks at the state of the Chinese luxury-car market, along with its growth prospects -- and he names the automakers that are positioned to take best advantage of this boom.

Fool contributor John Rosevear owns shares of Ford and General Motors. Follow him on Twitter at @jrosevear. The Motley Fool recommends BMW, Ford, and General Motors and owns shares of Ford. Try any of our Foolish newsletter services free for 30 days. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.