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The luxury car market has a bright future

The luxury car market has a bright future

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The luxury car market is booming. According to a recent report, it could reach $779,660 million by the end of 2027, with an annual growth rate of 6.2% per year. This is reassuring for manufacturers.

 

The growth of the luxury car market is fuelled by rising disposable incomes in a number of countries around the world. People’s preferences for comfort and quality are becoming more pronounced as their disposable income increases. In addition, the features of luxury vehicles, such as interior, comfort and performance, are generally superior to those of an ordinary vehicle.

 

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