Retail sales of premium and luxury cars are expected to continue increasing over the forecast period, rising at a current value CAGR of 115% (52% 2022 constant value CAGR) over 2023-2028 to total ARS5.4 trillion.
Rising online sales are expected to be seen in premium and luxury cars in Argentina over the forecast period. While many of the more essential personal luxury items are already being bought online in significant volumes, online sales of big ticket items such as cars are at a more incipient stage of development.
Electric cars look set to rise in importance within premium and luxury cars in Argentina over the forecast period, after Eximar, the exclusive representative and distributor of the Volvo, Jaguar, Land Rover and Geely brands in Argentina, invested in the introduction of 50 electric chargers at 25 points around the country towards the end of the review period. Demand for electric car is expected to develop further during the forecast period and this includes models imported by major luxury brands such as Maserati and Mercedes-Benz.
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Understand the latest market trends and future growth opportunities for the Luxury Cars industry in Argentina with research from Euromonitor International's team of in-country analysts – experts by industry and geographic specialisation.
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Passenger car vehicles providing exceptional comfort, aimed at the premium market and at drivers wanting a higher level of performance and handling or a vehicle that gives the impression of being capable of high-speed motoring. These cars are generally designed to appeal to high earning, status led consumers and generally retail at US$75,000 plus Example models include: Aston Martin, Ferrari, Jaguar, Bentley, Porsche, McLaren, Maserati, Rolls-Royce and TeslaSee All of Our Definitions
This report originates from Passport, our Luxury Cars research and analysis database.
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