Luxury Cars

Euromonitor International publishes the world's most comprehensive market research on the luxury cars industry. Our reports feature a wealth of standardised and cross-comparable statistics including total market sizes, market share and share data, distribution and industry trends and sub-category level information. 

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Luxury Cars in Germany

Jan 2019

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...

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Luxury Cars in the US

Dec 2018

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 ...

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Luxury Cars in China

Aug 2018

Luxury cars is growing in the Chinese market due to high demand from an increasing number of ever-younger consumers, supported by the burgeoning millennial generation due to the high birth rate between 1985 and 1995 in China. High-end and even luxury...

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Luxury Cars in Taiwan

Apr 2018

Taiwanese consumers are increasingly opting for foreign cars, with such interest being stimulated by falls in the yen and euro, all of which have made foreign cars much more price-competitive. This is proving challenging for locally assembled cars. ...

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Luxury Cars in Singapore

Mar 2018

In Singapore, consumers who look to purchase a new vehicle are required by the Land Transport Authority (LTA) to first obtain a Certificate of Entitlement (COE), which grants them the legal right to register, own and use a vehicle. At the end of the ...

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Luxury Cars in the United Kingdom

Mar 2018

The strong trend towards SUVs (sports utility vehicles) continued into 2017 as many consumers appreciate the space available in these cars as well as the high seating position. Although only lately spilling over into luxury cars, this trend is ...

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Luxury Cars in Poland

Feb 2018

According to the Global Wealth Databook 2016 report issued by Credit Suisse, around 50,000 people living in Poland are considered to be High Net Worth Individuals (HNWI), who are characterised by liquid assets of over USD1 million. The number of rich...

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Luxury Cars in Thailand

Feb 2018

Thailand’s automotive industry is among the biggest in the ASEAN region, with competitive advantages such as a central location and trade and tourism hub in Asia, large domestic consumption and, most importantly, government support via investments ...

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Luxury Cars in Turkey

Feb 2018

Turkish authorities increased special consumption tax on cars in November 2017. The tax is rated at 90% for vehicles with engines between 1600cc and 2000cc and 145% for cars with engines over 2000cc. Under the previous system, imported luxury cars ...

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Luxury Cars in Malaysia

Feb 2018

Entry-level luxury car brands like Mercedes-Benz and BMW continue to enjoy strong attention from consumers in Malaysia. Middle-high income consumers are significantly attracted by entry-level luxury cars as a first step towards trading up from ...

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Luxury Cars in the Philippines

Feb 2018

The review period witnessed a surge in sales of luxury cars as the size of the target audience also grew. Ride-sharing services such as Uber and Grab encouraged growth of purchase in mass and premium brands which eventually, pushed for higher-end ...

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Luxury Cars in Australia

Feb 2018

Value growth of luxury cars is predicted to drastically slow down over the forecast period, compared to the review period’s performance at constant 2017 prices. In 2016, demand for luxury cars in Australia surged to a record high. The chief economist...

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Luxury Cars in Italy

Feb 2018

The experience of driving a luxury car is the key factor in purchases, rather than the simple desire to own a luxury car. This was key to the strong retail value growth of luxury cars in the latter half of the review period, supported by the Milan ...

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Luxury Cars in Hong Kong, China

Feb 2018

2017’s GDP growth in Hong Kong was projected to be higher than in 2016, while the strongly performing property market is also boosting the wealth of local consumers. This therefore raised consumers’ confidence to spend, including on luxury cars, ...

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Luxury Cars in India

Feb 2018

Housing and living expenses in Indian cities are among the highest in the world. As a result, young consumers are losing interest in saving money for purchasing a home. Instead, many people are moving to outer-boroughs, with many giving up the idea ...

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Luxury Cars in Japan

Feb 2018

Luxury cars in Japan posted strong growth over the review period, correlating with overall automotive sales. All luxury cars are imported except Lexus, which is produced by the Japanese car maker Toyota. According to the Japan Automobile Importers ...

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Luxury Cars in Spain

Feb 2018

The evolution of economic indicators will be crucial to the performance of luxury cars in Spain during the forecast period. Euromonitor International and institutions such as the IMF and the OECD all predict a recovery of the Spanish economy in ...

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Luxury Cars in Indonesia

Feb 2018

The Indonesian economy performed more strongly in the first quarter of 2017, with growth being fuelled by the gradual advancement of industries such as tourism, manufacturing, and textiles. However, steady growth has not boosted sales of luxury cars....

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Luxury Cars in the United Arab Emirates

Feb 2018

With slower economic growth and deregulation of fuel prices since August 2015, the luxury car industry has been challenged by consumers’ reduced frequency of purchasing additional and replacement cars, as many of them are buying less or looking at ...

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Luxury Cars in the Netherlands

Feb 2018

While many luxury cars are bought for everyday use, there is a growing demand for limited edition luxury cars which are only driven sporadically as they are seen as an investment. An example is Ferrari’s LaFerrari range, with the company launching ...

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