Premium and luxury cars is expected to see a slow recovery with sales growth benefiting from the spending power of the kay target audience for these vehicles. The further recovery of sales is however threatened by the production crisis and inflation which could impact the supply and demand of premium and luxury cars.
Electric premium and luxury cars continue to strengthen their position in the Mexican market as more electric power stations become available and prices become somewhat more affordable. For example, designed for all the family, the Volkswagen ID.
With the market conditions having changed significantly since the start of the COVID-19 pandemic, companies are increasingly looking for new ways to connect with consumers. This has led to manufacturers of premium and luxury cars focusing on creative ways to communicate through digital platforms as well as developing online sales activities.
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Understand the latest market trends and future growth opportunities for the Luxury Cars industry in Mexico 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 Mexico, 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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