Premium and luxury cars is expected to see more moderate growth over the forecast period after the steep increase in demand being seen in 2022. While the Dutch pushed to replace and purchase new cars as the country lifted its COVID-19 restrictions, the prospects for the forecast period are more cautious with sales likely to be influenced by other factors.
Rising fuel prices could help further accelerate the shift towards electric cars in the Netherlands over the forecast period. Major premium and luxury car manufacturers are investing in increasing the production of electric cars, a trend that is likely to drive demand in the coming years.
Sales of premium and luxury cars are expected to register healthy growth over the forecast period fuelled by increased disposable income among the wealthier segment of the Dutch population, with manufacturers aiming to expand their consumer base with more affordable variants. The main manufacturers such as Mercedes-Benz and BMW are introducing lower-priced extensions of new models in 2022 with these intended to lower the barrier for people looking to buy their cars.
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Understand the latest market trends and future growth opportunities for the Luxury Cars industry in Netherlands 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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