Retail sales of premium and luxury cars are expected to rise at a current value CAGR of 10% (9% 2022 constant value CAGR) over 2023-2028 to total CHF9.2 billion.
Retail e-commerce sales of premium and luxury cars are expected to rise in Switzerland over the forecast period. While more shoppers have started buying essential items online, they are also increasingly buying big-ticket items such as cars online too, with this trend set to continue.
Electric cars are likely to become more significant within premium and luxury cars over 2023-2028, due to government investment in incentives, such as fast electric vehicle charging stations and the arrival of new technologies in response to sustainability concerns and a need to promote cars with zero emissions. Manufacturers look set to spend more time investing in electric vehicles, thereby offering consumers more choice, as demand rises due to consumers becoming increasingly aware of the need to save the planet.
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Understand the latest market trends and future growth opportunities for the Premium and Luxury Cars industry in Switzerland 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 Tesla
See All of Our DefinitionsThis report originates from Passport, our Premium and Luxury Cars research and analysis database.
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