Retail sales of premium and luxury cars look set to increase at a current value CAGR of 15% (11% 2022 constant value CAGR) over 2023-2028 to total MXN104.7 billion.
Increasing online sales are expected within premium and luxury cars in Mexico over the forecast period. More shoppers are already buying essential items online, but they are also increasingly purchasing big ticket items like cars online, with this trend set to continue.
Electric cars look likely to grow in significance within premium and luxury cars over 2023-2028, due to investment by the government 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 cars with zero emissions.
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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.
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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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