Retail sales of premium and luxury cars are expected to record a current value CAGR of 9% (7% CAGR at 2023 constant prices) over 2023-2028 to reach EUR18.6 billion.
Both second-hand car sales and car leasing are potential threats to the sales of new premium and luxury cars. Leasing is becoming more popular, accounting for around half of newly registered vehicles in France.
Electric cars look set to become more significant within premium and luxury cars over 2023-2028, bolstered by government investment in fast electric car charging points and the arrival of new technologies in response to sustainability concerns and a need to promote zero-emission vehicles. Companies will most likely invest more in electric vehicles, thereby offering consumers more choice, as demand rises due to consumers becoming more concerned about the environment.
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Understand the latest market trends and future growth opportunities for the Premium and Luxury Cars industry in France with research from Euromonitor International's team of in-country analysts – experts by industry and geographic specialisation.
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Passenger car vehicles providing exceptional comfort, aimed at the premium market and at drivers wanting a higher level of performance and handling or a vehicle that gives the impression of being capable of high-speed motoring. These cars are generally designed to appeal to high earning, status led consumers and generally retail at US$75,000 plus Example models include: Aston Martin, Ferrari, Jaguar, Bentley, Porsche, McLaren, Maserati, Rolls-Royce and Tesla
See All of Our DefinitionsThis report originates from Passport, our Premium and Luxury Cars research and analysis database.
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