Luxury Cars

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. ...

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 ...

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 ...

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...

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 ...

Luxury cars experienced a decline in both volume and retail value sales in 2017, attributed to the weak sales of sedans and coupes. SUV and crossover models have become increasingly popular. Luxury car manufacturers are quickly scrambling to ...

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 ...

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 ...

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 ...

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...

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 ...

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, ...

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 ...

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 ...

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 ...

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....

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 ...

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 ...

Luxury cars registered retail value growth in 2017, after experiencing decline in the previous year. Luxury cars are still in demand by high net worth individuals as they are the ultimate status symbol. While most of the population are crippled by ...

Until 2015, the luxury car category was boosted by consumers upgrading their existing cars to one of the many entry-level models offered by luxury car manufacturers. Audi and Mercedes-Benz used to offer entry-level models at around BRL100,000 ...