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Country Report

Luxury Cars in

Luxury Cars in Argentina

13 pages, Jan 2018

US$990

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Executive Summary

New Report Guarantee

If you purchase a report that is updated in the next 60 days, we will send you the new edition and data extract FREE!

PROSPECTS

Strong expansion in sales driven by tax reduction

In 2017, and for the second consecutive year, sales of luxury cars in Argentina witnessed considerable growth. This strong growth was due to two factors: Firstly, a reduction in domestic taxes on luxury vehicles that had been imposed in 2014.

Offer of the most exclusive versions grows due to high demand

With the elimination of barriers to imports and the reduction of taxes that greatly inflated prices, luxury brands of cars began to market their most exclusive versions in Argentina. In 2017, Gruppo Modena, the local representative of Ferrari, incorporated the exclusive version 488 GTB.

A complicated review period due to import restrictions and high taxes

Luxury cars reached record sales in 2013. However, in January 2014 the Senate passed an internal tax law, whereby imported cars were affected by a rate of up to 50%.

COMPETITIVE LANDSCAPE

Recovering lost sales

Over the forecast period, luxury cars is expected to reach a new sales record in 2022, higher than the maximum reached in 2013. Eliminating import barriers and reducing taxes will play a key role in the development of the category in the short term.

New players on the horizon

One of the great complaints of high-income Argentinians is the limited variety of luxury car brands. However, this could vary drastically over the forecast period.

Overwhelming dominance of German brands

In Argentina, luxury cars is dominated by German brands. In 2016, the brands BMW, Mercedes-Benz and Audi held a high combined share, while Porsche also had a small share.

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Overview

Why buy this report?

Gain competitive intelligence about market leaders. Track key industry trends, opportunities and threats. Inform your marketing, brand, strategy and market development, sales and supply functions.

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Files are delivered directly into your account within a few minutes of purchase.

Overview

Discover the latest market trends and uncover sources of future market growth for the Luxury Cars industry in Argentina with research from Euromonitor's team of in-country analysts.

Find hidden opportunities in the most current research data available, understand competitive threats with our detailed market analysis, and plan your corporate strategy with our expert qualitative analysis and growth projections.

If you're in the Luxury Cars industry in Argentina, our research will save you time and money while empowering you to make informed, profitable decisions.

The Luxury Cars in Argentina market research report includes:

Analysis of key supply-side and demand trends
Detailed segmentation of international and local products
Historic volumes and values, company and brand market shares
Five year forecasts of market trends and market growth
Robust and transparent market research methodology, conducted in-country

Our market research reports answer questions such as:

What is the market size of Luxury Cars in Argentina?
What are the major brands in Argentina?

Why buy this report?

Gain competitive intelligence about market leaders
Track key industry trends, opportunities and threats
Inform your marketing, brand, strategy and market development, sales and supply functions

This industry report originates from Passport, our

Luxury Goods market research database.

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Luxury Cars in Argentina - Category analysis

HEADLINES

PROSPECTS

Strong expansion in sales driven by tax reduction

Offer of the most exclusive versions grows due to high demand

A complicated review period due to import restrictions and high taxes

COMPETITIVE LANDSCAPE

Recovering lost sales

New players on the horizon

Overwhelming dominance of German brands

CATEGORY DATA

Table 1 Sales of Luxury Cars: Value 2012-2017
Table 2 Sales of Luxury Cars: % Value Growth 2012-2017
Table 3 NBO Company Shares of Luxury Cars: % Value 2012-2016
Table 4 LBN Brand Shares of Luxury Cars: % Value 2013-2016
Table 5 Forecast Sales of Luxury Cars: Value 2017-2022
Table 6 Forecast Sales of Luxury Cars: % Value Growth 2017-2022

Luxury Goods in Argentina - Industry Overview

EXECUTIVE SUMMARY

Neighbouring countries are a great attraction to buy luxury goods

Changes in economic policy favour the supply of products

Slow return of imported brands to the country

Few attractive locations to open premises

A positive forecast due to a greater variety and recovery of the economy

MARKET INDICATOR

Table 7 Number of High Net Worth Individuals (HNWI): 2012-2017

MARKET DATA

Table 8 Sales of Luxury Goods by Category: Value 2012-2017
Table 9 Sales of Luxury Goods by Category: % Value Growth 2012-2017
Table 10 Inbound Receipts for Luxury Goods by Country of Origin: Value 2013-2017
Table 11 NBO Company Shares of Luxury Goods: % Value 2012-2016
Table 12 LBN Brand Shares of Luxury Goods: % Value 2013-2016
Table 13 Distribution of Luxury Goods by Format and Category: % Value 2017
Table 14 Forecast Sales of Luxury Goods by Category: Value 2017-2022
Table 15 Forecast Sales of Luxury Goods by Category: % Value Growth 2017-2022

Megatrends

Country Report

Luxury Cars in Argentina

New Report Guarantee

Executive Summary

New Report Guarantee

PROSPECTS

Strong expansion in sales driven by tax reduction

Offer of the most exclusive versions grows due to high demand

A complicated review period due to import restrictions and high taxes

COMPETITIVE LANDSCAPE

Recovering lost sales

New players on the horizon

Overwhelming dominance of German brands

Overview

Why buy this report?

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Overview

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Table of Contents

Luxury Cars in Argentina - Category analysis

HEADLINES

PROSPECTS

Strong expansion in sales driven by tax reduction

Offer of the most exclusive versions grows due to high demand

A complicated review period due to import restrictions and high taxes

COMPETITIVE LANDSCAPE

Recovering lost sales

New players on the horizon

Overwhelming dominance of German brands

CATEGORY DATA

Luxury Goods in Argentina - Industry Overview

EXECUTIVE SUMMARY

Neighbouring countries are a great attraction to buy luxury goods

Changes in economic policy favour the supply of products

Slow return of imported brands to the country

Few attractive locations to open premises

A positive forecast due to a greater variety and recovery of the economy

MARKET INDICATOR

MARKET DATA

SOURCES

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