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 the United Arab Emirates

Mar 2020

When people think of the UAE they think of glitz and glamour and that is especially noticeable in the sleek luxury cars that line the country’s most exclusive neighbourhoods and favourite hang outs. Especially in Dubai and Abu Dhabi, what are ...

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Premium and Luxury Cars in Brazil

Feb 2020

With the Inovar-Auto programme, the tax reduction incentive offered by the Brazilian government from 2012 to 2017, many players started producing cars locally, including Mercedes-Benz, Jaguar Land Rover, Audi and BMW. The latest models boast features...

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Premium and Luxury Cars in Thailand

Feb 2020

Electric vehicles began to emerge as serious contenders in Thailand in 2019. The government is encouraging production of electric vehicles via incentives and tax reductions due to high oil prices. The Thai Finance Ministry? reduced excise tax rates ...

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Premium and Luxury Cars in Mexico

Feb 2020

In July 2018, presidential elections took place in Mexico, resulting in an environment of uncertainty during the first half of the year. During his campaign, the leading candidate Andrés Manuel López Obrador pronounced himself against corruption, ...

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Premium and Luxury Cars in Germany

Feb 2020

Despite Germany’s urban rates being lower than those in other Western European countries, they are growing steadily. As the overall population is growing consistently as well, more and more potential consumers of luxury cars will be living in urban ...

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Premium and Luxury Cars in India

Feb 2020

Premium and luxury cars manufacturers are increasingly turning their attention to raising brand awareness and generating sales in Tier 2 and Tier 3 cities, where an aspirational young middle class is showing a growing interest in owning luxury cars. ...

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Premium and Luxury Cars in Australia

Feb 2020

According to the Australian Bureau of Statistics, the total number of passenger cars in the country increased by 1% over 2018-2019. Despite this, luxury cars volume and current value sales declined for a second consecutive year in 2019, which ...

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Premium and Luxury Cars in Taiwan

Feb 2020

Growth in luxury cars was negatively impacted by stagnating wages at the end of the review period. However, modest current value growth is expected over the coming years, with the expanding population of aspirational middle income consumers fuelling ...

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Premium and Luxury Cars in Singapore

Feb 2020

Smaller supply of Certificate of Entitlement (COE) compared to 2018 continued to affect the category in 2019. However, interest in luxury cars continues to increase, as such vehicles are marketed as safer than cheaper alternatives. According to Fitch...

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Premium and Luxury Cars in South Africa

Feb 2020

Luxury cars experienced another tough year in 2019. The reason for plummeting sales can be attributed to low consumer confidence amid economic uncertainty, with real GDP growth down to a trickle. In tough economic times, consumers prefer to hold back...

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Premium and Luxury Cars in the US

Feb 2020

Lifted by a strong economy and the release of new, price-accessible SUV models and electric vehicles, premium and luxury cars continued its strong pace of growth in 2019. As improved fuel economy coupled with consumers’ desire for space and ...

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Premium and Luxury Cars in Sweden

Jan 2020

In line with global trends, the number of uber-rich people continues to increase in Sweden, as does the size of their wealth. In 2018, there were 191 billionaires in the country in Swedish krona terms (up from 35 in 1997) and 38 in US dollar terms, ...

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Premium and Luxury Cars in the United Kingdom

Jan 2020

In 2018, luxury cars in the UK saw sales fall to negative growth in current value terms for the second consecutive year; this slowdown continues to 2019. The instability in the UK economy has also negatively affected the sales of luxury cars across ...

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Premium and Luxury Cars in Romania

Jan 2020

Premium and luxury cars experienced a fluctuating performance throughout much of the review period in Romania, as sales are intrinsically linked to macroeconomic pressures. However, 2019 witnessed increasing demand as the country’s economy continued ...

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Premium and Luxury Cars in Canada

Jan 2020

Luxury cars posted strong growth over the review period, supported by a combination of trends, including the increasing household wealth of upper-income Canadians, the rising number of affluent immigrants, retiring baby boomers and low financing ...

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Premium and Luxury Cars in Spain

Jan 2020

Luxury cars continued to see stable current value growth in 2019. However, a major transformation is expected over the forecast period. In 2019, the Spanish government made an attempt to forbid diesel cars in Spain by law, due to their polluting ...

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Premium and Luxury Cars in China

Jan 2020

The Chinese Government has removed the extra import tariff imposed on cars manufactured in the US, reducing the tariff from 40% to 15%. Tesla was the first manufacturer to reflect the move in its car price, adjusting the prices of its Model S, Model ...

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Premium and Luxury Cars in Ukraine

Jan 2020

Luxury cars are viewed as a symbol of high socioeconomic status in Ukraine. Among affluent Ukrainians, a premium or luxury car is considered a must-have vehicle. High-income foreign consumers, including managers of oil and gas companies, are ...

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Premium and Luxury Cars in Russia

Jan 2020

Despite the fact that premium and luxury cars only target the most affluent consumers in Russia, the category experienced fluctuating demand over the review period, with notable declines from 2015-2017, in line with the economic recession in the ...

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Premium and Luxury Cars in Switzerland

Jan 2020

After two years of declining value sales of luxury cars, Switzerland returned to positive growth in 2019. However, both unit volume and current value growth were relatively modest in 2019 as sales continue to struggle to gain any real momentum. The ...

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