Luxury Cars

The recent introduction of a 5% VAT has had a negative impact on demand for big ticket items such as luxury cars, thus impacting demand in 2018. Price competition will remain intense as deals such as good finance options and free aftersales service ...

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 forecast period, as an expanding, aspirational middle class fuels demand. Sales amongst this ...

Demand for luxury cars in Romania is on an upwards trajectory. The surging trend points to higher disposable incomes, better lifestyles and consumer aspirations. If traditionally, premium car brand buyers were satisfied with a high-performing, safe, ...

Luxury cars is predicted to continue to perform strongly in the forecast period. Demand is likely to be reinforced by strong inputs from existing brands and dealers. The list of luxury brands available to local consumers is expected to grow. In 2018,...

Over the review period Spain went through one of the most difficult economic times in its recent history. This dramatically changed the attitude of Spaniards towards spending. In fact, the happy times Spaniards had experienced came to an end, and the...

Luxury cars registered positive retail value growth in 2018. Luxury cars are still in demand by high net worth individuals given that they are the ultimate status symbol. While most of the population are faced with declining disposable income and ...

Indonesia’s economy was strong during 2018. Economic growth was influenced by the progressive advancement of industries such as tourism, manufacturing and textiles; however, such steady economic growth was not reflected in sales of luxury cars. On ...

Mercedes-Benz, BMW and Audi, which also offer entry-level luxury cars, dominate luxury cars in Italy, together accounting for the vast majority of value sales. Despite the high-end positioning of these brands, their models are regarded as ...

SUVs accounted for half of overall volume sales of luxury cars in the US in 2017, as more consumers moved away from sedans and coupés. This figure is expected to increase further over the next five years, as more SUV models are hurriedly being ...

Sales of luxury cars continue to be boosted by increasing interest among local consumers in larger vehicles such as SUVs and crossovers. Given their higher price, it is not a surprise to see value sales being driven by such models. In fact, many ...

Luxury cars recorded a strong increase in volume sales in 2017 and, although slower in 2018, also recorded double-digit growth. Changes in luxury vehicle taxes during 2016-2018 played a key role in category growth. In 2014, during Cristina Kirchner’s...

China is driving towards to an electric future and has speeded up its environmental efforts yet again. The rapid growth of the electric car industry is supported by the Chinese government’s favourable subsidy policy, which is very generous. Subsidies...

In 2017, luxury cars in the UK saw sales growth weaken in current value terms after seven consecutive years of double-digit growth; this slowdown continued to an even greater extent in 2018, only just remaining in positive territory. This reflected ...

The demand for luxury cars in India was primarily amongst the elderly, financially well-established population and ultra-high net worth individuals. Given their high disposable incomes and purchasing power, the willingness to buy was strong. As a ...

Luxury cars witnessed double-digit current value growth in 2017, with it showing strong signs of a recovery after a sharp decline in 2016. This growth was largely attributed to a recovery in consumer confidence. At the same time, car manufacturers ...

Sales of luxury cars in France continue to grow steadily, but France is still a relatively small market compared to the UK or Germany as the car culture in France is often associated with social inequality as opposed to individual success. French car...

Luxury cars continued to see 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 ...

In 2018, luxury cars in Germany saw value sales remain stable. With a favourable economic climate, consumers remained interested in buying luxury cars which offer a high level of comfort and status. In addition, the share of German households with an...

Category growth in 2018 can be attributed to the government’s Bonus-Malus scheme, which aims to promote sales of greener cars and came into effect in July. Prior to this, sales of luxury cars rose, driven by fossil fuel vehicles, while electric cars ...

Before the Tax Reform for Acceleration and Inclusion (TRAIN) Law was finalised, luxury car companies and distributors in the country were clamouring for fair taxation due to anticipated increases in 2018. However, the industry was surprised by tax ...