Retail sales of premium and luxury cars are expected to increase at a current value CAGR of 11% (9% CAGR at 2023 constant prices) over 2023-2028 to reach EUR77.3 billion.
During the forecast period, online sales of premium and luxury cars are expected to increase in Germany. More shoppers have started buying essential items online, but they are increasingly buying big-ticket items like cars online too, with this trend set to continue.
Electric cars are expected to continue rising in importance within premium and luxury cars over the forecast period, as a result of government investment in the likes of rapid electric car charging stations and the advent of new technologies as a response to concerns about sustainability and a need to promote zero emission vehicles. As demand increases and consumers become increasingly concerned about climate change and also accustomed to charging their cars, manufacturers will continue increasing their investment in electric cars, thereby offering consumers a wider choice of vehicles.
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Understand the latest market trends and future growth opportunities for the Luxury Cars industry in Germany 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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