The global luxury car market was valued at around USD 410 billion in 2020. The market is projected to grow to USD 566 billion in 2026. But it's the trend of electric cars that is driving the demand for luxury cars.
With enhancements in product standards, people's perception of the car's brand image plays a crucial role in their purchasing decision. What the brand says is more important than ever. It's not just bout motors and cool leather finishes. Social responsibility, lifestyle... they all play a part.
What is your favorite luxury car brand? Are you investing in this industry?