Retail sales of premium and luxury cars are expected to increase at a current value CAGR of 8% (6% 2022 constant value CAGR) over 2023-2028 to total AUD16.8 billion.
E-commerce has been becoming more important within premium and luxury cars. The pandemic led manufacturers to rethink their traditional retail car showroom model and respond to the consumer shift to e-commerce.
Electric cars look set to grow in significance within premium and luxury cars over the forecast period, due to government investment in fast electric car charging points and the advent of new technologies as a response to concerns about sustainability and a need to promote zero emission vehicles. The Euromonitor Mobility Survey shows that price is currently the main barrier to purchasing a luxury electric vehicle.
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Understand the latest market trends and future growth opportunities for the Premium and Luxury Cars industry in Australia 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 Premium and Luxury Cars industry in Australia, 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 Tesla
See All of Our DefinitionsThis report originates from Passport, our Premium and Luxury Cars research and analysis database.
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