The market for luxury goods of all kinds is absolutely booming in China, and luxury cars are no exception. Volkswagen's (OTC: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.