The Future Fuels Strategy was rolled out by the Australian government in 2021, looking to reduce emissions in the road transport sector by investing in new technologies, whilst enabling consumer choice and stimulating industry development. As part of the 2020-2021 Budget, the Government allocated AUD71.
Although Australia’s 1.5 million high-net-worth individuals are less likely to be hit by any pandemic-driven economic contraction, consumer confidence across the average Australian household is likely to worsen with any additional waves of COVID-19 and subsequent restrictions.
One important area that the pandemic has highlighted is that manufacturers can no longer rely on the traditional business model of retail showrooms to attract customers and sell vehicles. During Australia’s first lockdown when physical retail was closed, car sales were effectively brought to a standstill without alternative channels for customers to visit.
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Understand the latest market trends and future growth opportunities for the Luxury Cars industry in Australia with research from Euromonitor International's team of in-country analysts – experts by industry and geographic specialisation.
Key trends are clearly and succinctly summarised alongside the most current research data available. Understand and assess competitive threats and plan corporate strategy with our qualitative analysis, insight and confident growth projections.
If you're in the Luxury Cars industry in Australia, our research will help you to make informed, intelligent decisions; to recognise and profit from opportunity, or to offer resilience amidst market uncertainty.
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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