The main leitmotivs in the industry are the explosion of costs and shortages of components. Even so, manufacturers of premium and luxury cars could take advantage of issues in the overall global car industry, which is being hit with shortages of electronic components, logistical disruptions, and rising commodity prices.
More than ever, the French government will support demand for electric and hybrid vehicles, by increasing the number of charging stations in the country. The government's objective is to open 100,000 new charging points by 2022-2023 in partnership with E.
Trade sources predict such drastic price increases for standard cars, that they expect this category to begin to get closer to the most accessible prices of premium and luxury cars. In early 2022, the average unit price of a new car was EUR27,000, with a price increase of EUR7,000 over the last decade.
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Understand the latest market trends and future growth opportunities for the Luxury Cars industry in France 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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