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The growth of the luxury car market<\/strong> is fuelled by rising disposable incomes<\/strong> in a number of countries around the world. People’s preferences for comfort<\/strong> and quality<\/strong> are becoming more pronounced as their disposable income increases. In addition, the features of luxury vehicles<\/strong>, such as interior, comfort and performance, are generally superior<\/strong> to those of an ordinary vehicle.<\/p>\n <\/p>\n The trend towards electrification<\/strong> of vehicles is leading to an increase in demand for luxury vehicles<\/strong>. Due to growing environmental concerns and rising fuel prices, leading luxury car manufacturers<\/strong> are introducing electrified variants<\/strong> of their models. Around the world, governments and environmental organisations are tightening regulations<\/strong> on carbon emissions. As a result, the demand for more environmentally friendly and, above all, more sustainable<\/strong> vehicles is increasing, with government subsidies<\/strong> playing an important role.<\/p>\n <\/p>\n Similarly, used<\/strong> luxury vehicles<\/strong> are in high demand as prestige cars<\/strong> are usually sold after one or two years of use, with owners wanting to upgrade to better, more modern models. The market for used luxury cars<\/strong> is also growing strongly. Easy financing, lower entry costs, are all arguments that encourage people to turn to used cars.<\/p>\n <\/p>\n While SUVs<\/strong> will be the fastest growing vehicle type in the period 2021-2027, Europe<\/strong> will remain one of the largest markets, with a share of almost 50%.<\/p>\n <\/p>\n Read also > MERCEDES DOMINATES LUXURY CAR SALES IN INDIA<\/a><\/p>\n <\/p>\n Featured photo : \u00a9 Pixabay[\/vc_column_text][\/vc_column][\/vc_row][vc_row njt-role=”not-logged-in”][vc_column][vc_column_text]<\/p>\n <\/p>\n The growth of the luxury car market<\/strong> is fuelled by rising disposable incomes<\/strong> in a number of countries around the world. People’s preferences for comfort<\/strong> and quality<\/strong> are becoming more pronounced as their disposable income increases. In addition, the features of luxury vehicles<\/strong>, such as interior, comfort and performance, are generally superior<\/strong> to those of an ordinary vehicle.<\/p>\n <\/p>\n […][\/vc_column_text][vc_cta h2=”This article is reserved for subscribers.” h2_font_container=”tag:h2|font_size:16|text_align:left” h2_use_theme_fonts=”yes” h4=”Subscribe now !” h4_font_container=”tag:h2|font_size:32|text_align:left|line_height:bas” h4_use_theme_fonts=”yes” txt_align=”center” color=”black” add_button=”right” btn_title=”I SUBSCRIBE !” btn_color=”danger” btn_size=”lg” btn_align=”center” use_custom_fonts_h2=”true” use_custom_fonts_h4=”true” btn_button_block=”true” btn_custom_onclick=”true” btn_link=”url:https%3A%2F%2Fluxus-plus.com%2Fen%2Fsubscriptions-and-newsletter-special-offer-valid-until-september-30-2020-2-2%2F”]Get unlimited access to all articles and live a new reading experience, preview contents, exclusive newsletters…<\/p>\n<\/h4>\n
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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.<\/h4>\n
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