Premium and Luxury Cars

Euromonitor International publishes the world's most comprehensive market research on the luxury cars industry. 

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Premium and Luxury Cars in South Africa

Mar 2021

Pre COVID-19, South Africa was already experiencing low consumer confidence, low economic growth and high unemployment. In 2020, with the emergence of COVID-19 and measures implemented to control the virus, South Africa’s real GDP declined into a ...

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Premium and Luxury Cars in India

Feb 2021

The COVID-19 pandemic has severely negatively affected sales of premium and luxury cars, with double-digit retail volume and current value declines in 2020. India took aggressive but vital actions and implemented restrictions in order to contain the ...

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Premium and Luxury Cars in Malaysia

Feb 2021

Mercedes-Benz announced delays to car deliveries for new owners until after Malaysia’s Movement Control Order (MCO) concluded in May 2020. At minimum, many brands lost one month’s worth of sales under the MCO. However, many analyses point to pent-up ...

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Premium and Luxury Cars in South Korea

Jan 2021

In the first half of 2020, and despite the spread of COVID-19, South Korea saw increased sales of premium and luxury cars. A key driver of the positive performance was the local government’s temporary reduction in individual consumption tax, which is...

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Premium and Luxury Cars in Australia

Jan 2021

In keeping with the broader automotive industry, the premium and luxury car segment has been negatively impacted by the COVID-19 crisis since March 2020. To slow the spread of the virus a nationwide lockdown came into force in March effectively ...

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Premium and Luxury Cars in Hong Kong, China

Jan 2021

The COVID-19 pandemic had a devastating impact on the global economy in 2020, with consumers in all socio-economic groups in Hong Kong significantly affected, except for the most affluent consumers. The wealthiest consumers - aged 18 and over with ...

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Premium and Luxury Cars in Canada

Jan 2021

Premium and luxury car sales plummeted in the March-May lockdown phase in Canada in 2020. Provincial governments, such as the largest province of Ontario, implemented emergency orders in early April which shut down in-person vehicle sales and ...

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Premium and Luxury Cars in Sweden

Jan 2021

Sweden took less restrictive measures in response to the pandemic than other EU Member States, partially cushioning the immediate impact of COVID-19 on premium and luxury cars. However, muted consumer optimism suppresses private consumption, ...

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Premium and Luxury Cars in Switzerland

Jan 2021

Government measures to contain the COVID-19 pandemic is set to have a significant impact on sales of premium and luxury cars. The lockdown announced by the Swiss Bundesrat between March 16th and May 11th shuttered car showrooms, and effectively cut ...

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Premium and Luxury Cars in Indonesia

Jan 2021

Throughout April and May of 2020, Indonesia imposed its own version of quarantine lockdown called the Large Scale Social Restriction (PSBB) as a core response to the COVID-19 pandemic. This involved regional governments having the authority to ...

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Premium and Luxury Cars in the Philippines

Jan 2021

The lockdown measurers due to the Covid-19 pandemic forced all car dealerships to close for an extended period during the first half of 2020. In response to this, many luxury car players focused their efforts on engaging consumers online and enabling...

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Premium and Luxury Cars in Japan

Jan 2021

The automotive industry was one of the most badly affected by the COVID-19 pandemic in 2020 as mobility was somewhat restricted in many parts of the world. Japan’s car sales dropped to a 9-year low in April 2020 after the government declared the ...

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Premium and Luxury Cars in France

Jan 2021

Consumer spending on all types of car in France dropped significantly in 2020, especially in the first eight months of the year. The Comité des Construceurs Français d’Automobiles (CCFA), for example, reported a sharp decline in the demand for cars ...

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Premium and Luxury Cars in Argentina

Jan 2021

The pandemic has generated global supply shocks that have affected the automotive industry of luxury cars in Argentina. From a general perspective, Chinese OEM’s supply disruption, and the closure of car factories due to the pandemic, caused ...

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Premium and Luxury Cars in Taiwan

Jan 2021

In early 2020, Taiwan’s car sales were posting positive sales, as the government successfully controlled the virus thus consumer confidence remained intact. However, in April 2020, the financial repercussions of the pandemic became apparent which led...

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Premium and Luxury Cars in Germany

Jan 2021

The luxury cars industry saw a slow start during Q1 of 2020, compared to the same period in the previous year, as demand declined due to shaken consumer income and spending growth. This led to a strong drop in new car registrations in the country. ...

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Premium and Luxury Cars in the Netherlands

Jan 2021

The luxury car industry in The Netherlands recorded growth despite the challenges of the COVID-19 pandemic. In contrast to most other European countries where national lockdowns were implemented, the Dutch authorities merely advised people to stay ...

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Premium and Luxury Cars in Turkey

Jan 2021

Premium and luxury cars returned to retail value growth in 2020 following two years of negative growth at the end of the review period. This comes despite the almost overwhelmingly negative impact on the sale of luxury goods from the near-global ...

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Premium and Luxury Cars in Spain

Jan 2021

Stringent lockdown measures implemented throughout Spain have resulted in a drastically reduced demand for premium and luxury cars in 2020, with sales plunging in April especially. As a result of restricted movements and a reduction in disposable ...

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Premium and Luxury Cars in Poland

Jan 2021

Poland had been experiencing very healthy retail volume and current value growth in premium and luxury cars until COVID-19 hit in 2020. As a result of COVID-19, current value and volume sales declined in 2020. Within premium and luxury cars, there ...

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